Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0276%/8h= −30.3% APRpaid last 24h −0.076%

Price spread now: GRVT against Aftermath Perps−0.244%67s7-day average −0.176% · 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—prices read too far apart to compare

costs, in and out, $10k−$770.773% of the position

Long on Aftermath Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.443%−$44 on $10k

Price spread, last 4 days (all we have)−1.361%−$136 · spread now −0.244%, 7d avg −0.176%

Together, before fees−1.804%+ Points / potential airdropGRVT: Active · farm board−$180 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GRVT is 0.069% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.176%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LITUSD	4.6804	0.0260	pay 0.0033% / 1h	44m 16s	$9K	$210K	10x
Short	GRVT LIT_USDT_Perp	4.6690	−0.0016	pay 0.0008% / 4h	1h 44m	$905K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aftermath Perps. 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 Aftermath PerpsbpFee GRVTbpOrdersPrice spread, now −0.244%Rate

Funding earned: −$58.02
Price spread: −0.244% → −0.176%: −$6.85
Slippage, 4 orders: −$59.32
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$142.19
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 20 min ago; GRVT: 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 Aftermath Perps live order book, 20 min ago	4.01 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.07 bp	24.1 bp −$24	83.0 bp −$830	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	−0.0396%	4h	4.6783	−0.045%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0340%	1h	4.6816	+0.026%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.6796	−0.018%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0177%	1h	4.6851	+0.099%	$41K	$40K	10x	as long as short
ApeX Omni LITUSDT	−0.0160%	1h	4.6710	−0.201%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0094%	4h	4.6830	+0.055%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6728	−0.163%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.009%	$657K	$372K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.6843	+0.083%	$25.3M	$61.6M	50x	as long as short
KuCoin LITUSDTM	−0.0018%	4h	4.6789	−0.033%	$5.2M	$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
GRVT LIT_USDT_Perpshort	−0.0016%	4h	4.6690	−0.244%	$905K	$1.7M	10x
Phemex LITUSDT	−0.0006%	4h	4.6780	−0.052%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6868	+0.137%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0011%	1h	4.6859	+0.117%	$679K	$1.4M	5x	as long as short
dYdX LIT-USD	+0.0016%	1h	4.6811	+0.015%	$34K	—	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.640%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0064%	8h	4.6780	−0.052%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	+0.003%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6873	+0.147%	$58.5M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6829	+0.053%	$781K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6790	−0.030%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6876	+0.152%	$209.4M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6831	+0.058%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6809	+0.010%	$74.4M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6820	+0.034%	$41.5M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6800	−0.009%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6803	−0.003%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6850	+0.098%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6665	−0.298%	$284K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6823	+0.040%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6870	+0.142%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6808	+0.008%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6835	+0.066%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6874	+0.149%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6823	+0.039%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6822	+0.039%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0128%	1h	4.6899	+0.202%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0169%	4h	4.6874	+0.149%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSDlong	+0.0260%	1h	4.6804	long leg	$9K	$210K	10x
BloFin LIT-USDT	+0.0340%	4h	4.6784	−0.043%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6861	+0.121%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6831	+0.058%	$31K	$828K	33x	as long as short