Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.046%

Price spread now: GRVT against Aevo−0.566%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 4 days (all we have)+0.629%+$63 · spread now −0.566%, 7d avg −0.010%

Together, before fees+0.223%+ Points / potential airdropGRVT: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.556% cheaper against Aevo than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LIT-PERP	4.7408	0.0104	pay 0.0013% / 1h	16m 45s	$148K	—	3x
Short	GRVT LIT_USDT_Perp	4.7140	0.0072	get 0.0036% / 4h	1h 16m	$909K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now −0.566%Rate

Funding earned: −$6.72
Price spread: −0.566% → −0.010%: −$55.62
Slippage, 4 orders: −$75.83
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$163.17
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from Aevo: live order book, 47 min ago; GRVT: live order book, 2 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 Aevo live order book, 47 min ago	14.92 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	3.17 bp	25.4 bp −$25	122.4 bp −$1,224	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
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7370	−0.080%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0306%	1h	4.7420	+0.025%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7479	+0.149%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0234%	1h	4.7434	+0.055%	$85K	$68K	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.7084	−0.684%	$203K	$341K	5x	as long as short
Gate LIT_USDT	−0.0068%	4h	4.7430	+0.046%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0029%	4h	4.7400	−0.017%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−1.284%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7458	+0.105%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7510	+0.216%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−0.798%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	+0.0033%	4h	4.7429	+0.044%	$25.5M	$62.4M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.333%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0038%	4h	4.7480	+0.152%	$5.3M	$1.0M	30x	as long as short
GRVT LIT_USDT_Perpshort	+0.0072%	4h	4.7140	−0.566%	$909K	$1.7M	10x
Paradex LIT-USD-PERP	+0.0076%	8h	4.7458	+0.105%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7484	+0.160%	$59.2M	$28.9M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7512	+0.219%	$800K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7440	+0.067%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7521	+0.238%	$213.0M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7442	+0.071%	$586K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7432	+0.051%	$75.5M	$78.8M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7434	+0.055%	$42.0M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7485	+0.162%	$124K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−1.148%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7435	+0.057%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7460	+0.109%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7486	+0.164%	$675K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7043	−0.770%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7453	+0.095%	$443K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7450	+0.088%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7408	0.000%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7431	+0.048%	$2K	$403K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7363	−0.095%	$196K	$380K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7513	+0.221%	$3.7M	$13.3M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7423	+0.032%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERPlong	+0.0104%	1h	4.7408	long leg	$148K	—	3x
Aftermath Perps LITUSD	+0.0165%	1h	4.7088	−0.675%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0229%	4h	4.7513	+0.221%	$12.7M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7419	+0.023%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0417% / S −0.0212%	1h	4.7452	+0.092%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7467	+0.124%	$32K	$815K	33x	as long as short