Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.081%

Price spread now: Phemex against SunX−0.074%7-day average −0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$24 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.074%, 7d avg −0.005%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.069% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7065	0.0100	pay 0.0050% / 4h	2h 47m	$4K	$1.2M	20x
Short	Phemex LITUSDT	4.7030	0.0100	get 0.0050% / 4h	2h 47m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.005%: −$6.89
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$26.89
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Phemex: live order book, 6 min ago. Net counts fees only.

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 SunX live order book, 6 min ago	500.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	7.47 bp	41.3 bp −$41	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
Deribit LIT_USDC-PERPETUAL	−0.0812%	1h	4.7045	−0.043%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6988	−0.164%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0469%	4h	4.6984	−0.172%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0407%	1h	4.7042	−0.049%	$85K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0196%	1h	4.7079	+0.030%	$682K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0176%	4h	4.7004	−0.130%	$25.6M	$63.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.363%	$899K	$1.8M	10x	as long as short
Gate LIT_USDT	−0.0136%	4h	4.7050	−0.032%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7078	+0.028%	$5.3M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.397%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.306%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7022	−0.090%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7090	+0.054%	$471	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.072%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0042%	8h	4.7027	−0.080%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7070	+0.012%	$784K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7055	−0.021%	$58.9M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.344%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7050	−0.032%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7080	+0.032%	$211.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7059	−0.013%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7101	+0.076%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6979	−0.182%	$75.0M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6988	−0.164%	$42.2M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7058	−0.015%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6994	−0.151%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	−0.074%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.472%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.138%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7058	−0.015%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7075	+0.021%	$2K	—	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7065	long leg	$4K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7050	−0.032%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	+0.402%	$189K	$354K	30x	as long as short
Phemex LITUSDTshort	+0.0100%	4h	4.7030	−0.074%	$1.4M	$2.7M	20x
Lighter RH LIT	+0.0104%	1h	4.7090	+0.053%	$3.7M	$13.2M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6981	−0.180%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7019	−0.098%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0333%	1h	4.7117	+0.110%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.157%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0194%	1h	4.7072	+0.015%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7085	+0.043%	$31K	$860K	33x	as long as short