Settings8H · net · $10k
Funding arb · Price arb /

LIT

all LIT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h +0.102%
Price spread now: BloFin against Phoenix−0.678%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$660.663% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.325%+$33 on $10k
Price spread, last 4 days (all we have)+0.544%+$54 · spread now −0.678%, 7d avg −0.149%
Together, before fees+0.869%+$87 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.529% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.678% now, against its 7-day average of −0.149%). If the spread goes back, that is −$53 on $10k: about 4.9 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.325% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix LIT4.8232−0.0017get 0.0002% / 1h55m 47s$207K$266K5x
ShortBloFin LIT-USDT4.79050.0340get 0.0170% / 4h1h 55m$1.6M$2.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$74.94
Price spread: −0.678% → −0.149%
−$52.91
Slippage, 4 orders
−$47.28
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$44.24
Costs to cover
0.663%
Break-even
11.1 days
Slippage from Phoenix: live order book, 50 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 50 min ago1.90 bp16.1 bp −$1657.9 bp −$579doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago3.85 bp13.0 bp −$1324.7 bp −$247doesn't fitdoesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LIT-PERP-INTX−0.0440%1h4.8177−0.113%$610K$370K50xas long as short
Deribit LIT_USDC-PERPETUAL−0.0426%1h4.7761−0.977%$42K$40K10xas long as short
Orderly PERP_LIT_USDC−0.0378%4h4.7720−1.062%$33K$1K10xas long as short
01 Exchange LITUSD−0.0320%1h4.7762−0.974%$31K$3K5xas long as short
Bullet LIT-USD−0.0226%1h4.7761−0.977%$85K$66K20xas long as short
OKX LIT-USDT-SWAP−0.0172%4h4.7752−0.995%$25.6M$62.3M50xas long as short
GRVT LIT_USDT_Perp−0.0060%4h4.8130−0.211%$892K$1.9M10xas long as short
Polymarket Perps LIT-USD−0.0020%1h4.7760−0.979%$448K$83K10xas long as short
Phoenix LITlong−0.0017%1h4.8232long leg$207K$266K5x
dYdX LIT-USD0.0000%1h4.7901−0.686%$34K5xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) LIT/USDL +0.0003% / S −0.0002%1h4.7798−0.900%$11K150xas long as short
Backpack LIT_USDC_PERP+0.0029%1h4.7761−0.977%$673K$1.1M5xas long as short
Injective LIT/USDC PERP+0.0033%1h4.8040−0.398%$422$178K5.5xas long as short
KuCoin LITUSDTM+0.0080%4h4.7799−0.898%$5.4M$1.0M30xas long as short
Paradex LIT-USD-PERP+0.0094%8h4.7860−0.771%$7K$2K5xas long as short
Lighter LIT+0.0096%1h4.7802−0.892%$59.5M$27.2M5xas long as short
Phemex LITUSDT+0.0097%4h4.7760−0.979%$1.3M$2.8M20xas long as short
Nado LIT-PERP+0.0100%1h4.7779−0.938%$2.1M$1.6M10xas long as short
Pacifica LIT+0.0100%1h4.7883−0.724%$614K$1.7M10xas long as short
Binance LITUSDT+0.0100%4h4.7729−1.043%$76.6M$77.9M75xas long as short
Bybit LITUSDT+0.0100%4h4.7750−0.999%$41.4M$28.8M75xas long as short
Arcus LIT-USD+0.0100%1h4.7887−0.715%$124K$465K5xas long as short
Gate LIT_USDT+0.0100%4h4.7780−0.937%$2.8M$4.1M50xas long as short
MEXC LIT_USDT+0.0100%4h4.7736−1.028%$5.9M$3.9M100xas long as short
Bitget LITUSDT+0.0100%4h4.7770−0.958%$6.8M$2.6M20xas long as short
edgeX LITUSDC+0.0100%4h4.8093−0.289%$294K$302K10xas long as short
ApeX Omni LITUSDT+0.0100%1h4.8160−0.149%$57K$75K50xas long as short
Derive LIT-PERP+0.0100%1h4.7760−0.979%$2K6.7xas long as short
SunX LIT-USDT+0.0100%4h4.7728−1.045%$4K$1.2M20xas long as short
SoDEX LIT-USD+0.0100%1h4.7765−0.968%$1K$336K5xas long as short
HTX LIT-USDT+0.0100%4h4.7823−0.848%$199K$343K30xas long as short
Bulk LIT-USD+0.0100%1h4.8185−0.097%$120K$7K10xas long as short
Extended LIT-USD+0.0104%1h4.7728−1.045%$5.1M$5.2M25xas long as short
Aevo LIT-PERP+0.0104%1h4.7785−0.927%$149K3xas long as short
Perpl LIT+0.0112%43m4.7889−0.712%$32K$690K33xas long as short
Lighter RH LIT+0.0144%1h4.7833−0.827%$3.6M$13.1M5xas long as short
RISEx LIT/USDC+0.0148%1h4.7867−0.756%$798K$2.2M5xas long as short
Aftermath Perps LITUSD+0.0179%1h4.8130−0.211%$9K$221K10xas long as short
Hyperliquid LIT+0.0225%1h4.7838−0.817%$215.8M$41.8M5xas long as short
Aster LITUSDT+0.0229%4h4.7821−0.852%$12.8M$2.0M50xas long as short
BloFin LIT-USDTshort+0.0340%4h4.7905−0.678%$1.6M$2.3M75x
GMX LIT/USD [ETH-USDC]L +0.0425% / S −0.0217%1h4.7787−0.923%$64K50xas long as short