Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0469%/8h= −51.4% APRpaid last 24h −0.043%

Price spread now: Phemex against RISEx−0.141%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.197%−$20 on $10k

Price spread, last 3 days (all we have)−0.135%−$13 · spread now −0.141%, 7d avg −0.072%

Together, before fees−0.332%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phemex is 0.069% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.072%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx LIT/USDC	4.7808	0.0012	pay 0.0001% / 1h	44m 09s	$823K	$2.1M	5x
Short	Phemex LITUSDT	4.7740	−0.0457	pay 0.0229% / 4h	44m 09s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$98.51
Price spread: −0.141% → −0.072%: −$6.9
Slippage, 4 orders: −$50.46
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$173.87
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Phemex: live order book, 4 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 RISEx live order book, 5 min ago	0.84 bp	3.8 bp −$4	15.7 bp −$157	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.19 bp	31.5 bp −$32	doesn't fit	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	−0.0914%	4h	4.7770	−0.078%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0804%	1h	4.7747	−0.126%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7702	−0.221%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0520%	1h	4.7712	−0.200%	$33K	$4K	5x	as long as short
Phemex LITUSDTshort	−0.0457%	4h	4.7740	−0.141%	$1.4M	$2.7M	20x
OKX LIT-USDT-SWAP	−0.0447%	4h	4.7728	−0.166%	$25.9M	$64.1M	50x	as long as short
Bullet LIT-USD	−0.0283%	1h	4.7754	−0.112%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0240%	4h	4.7753	−0.114%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0151%	4h	4.7740	−0.141%	$43.0M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7920	+0.235%	$678K	$405K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0112%	4h	4.7739	−0.144%	$907K	$1.8M	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7853	+0.095%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7802	−0.012%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7784	−0.048%	$32K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7814	+0.013%	$35K	—	150x	as long as short
RISEx LIT/USDClong	+0.0012%	1h	4.7808	long leg	$823K	$2.1M	5x
Paradex LIT-USD-PERP	+0.0012%	8h	4.7725	−0.174%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.486%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0069%	4h	4.7751	−0.118%	$291K	$311K	10x	as long as short
Aftermath Perps LITUSD	+0.0071%	1h	4.7820	+0.026%	$13K	$203K	10x	as long as short
MEXC LIT_USDT	+0.0074%	4h	4.7717	−0.189%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0075%	4h	4.7708	−0.208%	$76.0M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0080%	1h	4.7759	−0.102%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7802	−0.012%	$60.2M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7735	−0.152%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7821	+0.028%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7787	−0.043%	$604K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7789	−0.039%	$121K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7741	−0.139%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7760	−0.099%	$6.8M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7775	−0.068%	$678K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7720	−0.183%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7790	−0.037%	$451K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7790	−0.037%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7762	−0.095%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7750	−0.120%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7836	+0.060%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7736	−0.149%	$5.3M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7825	+0.037%	$3.7M	$13.8M	5x	as long as short
Hyperliquid LIT	+0.0227%	1h	4.7827	+0.041%	$214.5M	$44.8M	5x	as long as short
BloFin LIT-USDT	+0.0301%	4h	4.7791	−0.035%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7791	−0.034%	$63K	—	50x	as long as short