Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.024%

Price spread now: HTX against Phoenix+0.582%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)−0.583%−$58 · spread now +0.582%, 7d avg +0.031%

Together, before fees−0.568%−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.551% dearer against Phoenix than usual: you sell high and buy low: +$55 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7409	−0.0034	get 0.0004% / 1h	4m 54s	$205K	$327K	5x
Short	HTX LIT-USDT	4.7685	0.0100	get 0.0050% / 4h	1h 04m	$191K	$329K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee PhoenixbpFee HTXbpOrdersPrice spread, now +0.582%Rate

Funding earned: $28.11
Price spread: +0.582% → +0.031%: $55.14
Slippage, 4 orders: −$74.59
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$10.34
Costs to cover: 0.936%
Break-even: 9.6 days

Slippage from Phoenix: live order book, 11 min ago; HTX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 11 min ago	1.91 bp	16.1 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell HTX live order book, 12 min ago	18.91 bp	28.3 bp −$28	152.7 bp −$1,527	doesn't fit	doesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.1152%	4h	4.7560	+0.319%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0841%	1h	4.7536	+0.267%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0632%	4h	4.7480	+0.150%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0611%	1h	4.7579	+0.359%	$666K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7488	+0.167%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0512%	4h	4.7510	+0.213%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0466%	4h	4.7544	+0.285%	$25.7M	$63.5M	50x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7542	+0.281%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0283%	1h	4.7430	+0.044%	$11K	$202K	10x	as long as short
KuCoin LITUSDTM	−0.0246%	4h	4.7514	+0.221%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0239%	4h	4.7550	+0.297%	$42.9M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7670	+0.551%	$674K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7430	+0.044%	$903K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7578	+0.356%	$812K	$2.1M	5x	as long as short
Phoenix LITlong	−0.0034%	1h	4.7409	long leg	$205K	$327K	5x
Nado LIT-PERP	−0.0015%	1h	4.7532	+0.260%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7623	+0.452%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7566	+0.331%	$31K	$840K	33x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7518	+0.230%	$7K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7590	+0.383%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.331%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7546	+0.289%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7517	+0.228%	$75.6M	$81.0M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7444	+0.073%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7538	+0.273%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7609	+0.422%	$59.9M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7637	+0.481%	$212.8M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7593	+0.388%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7596	+0.395%	$617K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7541	+0.278%	$118K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.027%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7530	+0.255%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	+0.192%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7540	+0.276%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7577	+0.355%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7559	+0.316%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7545	+0.287%	$998	$465K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7685	+0.582%	$191K	$329K	30x
Extended LIT-USD	+0.0104%	1h	4.7514	+0.222%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7619	+0.443%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0223%	4h	4.7505	+0.202%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7586	+0.373%	$62K	—	50x	as long as short