Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.041%

Price spread now: GMX against Binance+0.078%50s7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.078% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Binance LITUSDT	4.7396	0.0043	pay 0.0021% / 4h	2h 49m	$74.9M	$80.7M	75x
Short	GMX LIT/USD [ETH-USDC]	4.7433	L +0.0388% / S −0.0190%	get 0.0024% / 1h	49m 35s	$59K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $30.91
Price spread: +0.078% → 0.000%: $7.79
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.7
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: Binance: live order book, 8 min ago; GMX: no order-book sample. 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 Binance live order book, 8 min ago	0.32 bp	10.8 bp −$11	43.3 bp −$433	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1094%	1h	4.7400	+0.007%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7355	−0.087%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0608%	1h	4.7424	+0.058%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0572%	4h	4.7345	−0.109%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7440	+0.092%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7360	−0.077%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7444	+0.100%	$5.3M	$1.1M	30x	as long as short
Bullet LIT-USD	−0.0313%	1h	4.7393	−0.007%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0295%	4h	4.7422	+0.054%	$25.1M	$60.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	+0.010%	$898K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0218%	4h	4.7391	−0.012%	$42.8M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0193%	1h	4.7395	−0.003%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.227%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7411	+0.032%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.081%	$245K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0046%	1h	4.7396	−0.001%	$982	$474K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	−0.025%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.134%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7444	+0.100%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	+0.113%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.358%	$422	$178K	5.5x	as long as short
Binance LITUSDTlong	+0.0043%	4h	4.7396	long leg	$74.9M	$80.7M	75x
MEXC LIT_USDT	+0.0050%	4h	4.7391	−0.012%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.124%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7364	−0.067%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.001%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7444	+0.100%	$448K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7462	+0.138%	$59.6M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7460	+0.134%	$210.9M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7456	+0.126%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7443	+0.098%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	+0.064%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7420	+0.050%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.113%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7439	+0.090%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7432	+0.075%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.098%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7455	+0.124%	$31K	$844K	33x	as long as short
Aftermath Perps LITUSD	+0.0199%	1h	4.7541	+0.306%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0203%	4h	4.7398	+0.003%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0288%	1h	4.7489	+0.195%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0388% / S −0.0190%	1h	4.7433	+0.078%	$59K	—	50x