Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0495%/8h= +54.3% APRpaid last 24h −0.016%

Price spread now: GRVT against Backpack−0.012%7-day average −0.316% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Backpack Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.472%−$47 on $10k

Price spread, last 7 days−0.098%−$10 · spread now −0.012%, 7d avg −0.316%

Together, before fees−0.571%+ Points / potential airdropGRVT: Active · farm board−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GRVT is 0.304% dearer against Backpack than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.316%. Mind the row above: over the last 7 days funding on this pair cost −0.472%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7180	−0.0679	get 0.0085% / 1h	39m 27s	$663K	$1.4M	5x
Short	GRVT LIT_USDT_Perp	4.7174	−0.0184	pay 0.0092% / 4h	1h 39m	$901K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Backpack. 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 BackpackbpFee GRVTbpOrdersPrice spread, now −0.012%Rate

Funding earned: $104.04
Price spread: −0.012% → −0.316%: $30.4
Slippage, 4 orders: −$38.64
Fee Backpack: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $76.8
Costs to cover: 0.576%
Break-even: 1.8 days

Slippage from Backpack: live order book, 5 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 Backpack live order book, 5 min ago	0.53 bp	5.7 bp −$6	16.0 bp −$160	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	2.12 bp	18.3 bp −$18	37.1 bp −$371	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	−0.1018%	4h	4.7160	−0.042%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0774%	1h	4.7128	−0.111%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERPlong	−0.0679%	1h	4.7180	long leg	$663K	$1.4M	5x
Orderly PERP_LIT_USDC	−0.0629%	4h	4.7084	−0.203%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7085	−0.201%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0524%	4h	4.7120	−0.127%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0425%	4h	4.7122	−0.123%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7128	−0.110%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0296%	4h	4.7140	−0.085%	$42.6M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7162	−0.038%	$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
Aftermath Perps LITUSD	−0.0227%	1h	4.7161	−0.040%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perpshort	−0.0184%	4h	4.7174	−0.012%	$901K	$1.9M	10x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.147%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7184	+0.007%	$786K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.108%	$245K	$327K	5x	as long as short
Nado LIT-PERP	−0.0032%	1h	4.7133	−0.099%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7204	+0.051%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7181	+0.003%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0004%	8h	4.7114	−0.139%	$6K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.823%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.042%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.7113	−0.142%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7117	−0.134%	$74.7M	$81.0M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7156	−0.050%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0075%	1h	4.7140	−0.085%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7198	+0.038%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7209	+0.061%	$210.5M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7218	+0.080%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7174	−0.013%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7148	−0.068%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	−0.068%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7170	−0.021%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.021%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7148	−0.068%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7166	−0.031%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7172	−0.017%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7227	+0.100%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7111	−0.145%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0226%	4h	4.7158	−0.047%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7178	−0.004%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7171	−0.020%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7231	+0.108%	$3.7M	$13.6M	5x	as long as short