Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0460%/8h= +50.3% APRpaid last 24h +0.105%

Price spread now: GMX against Bybit−0.215%51s7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. GMX is 0.215% cheaper against Bybit than usual: you would sell low and buy high (spread −0.215% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 37 hours of funding at the current rate (+$14 a day). The two prices were read 51 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	Bybit LITUSDT	4.7360	−0.0270	get 0.0135% / 4h	2h 43m	$42.8M	$30.5M	75x
Short	GMX LIT/USD [ETH-USDC]	4.7258	L +0.0387% / S −0.0190%	get 0.0024% / 1h	43m 35s	$59K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.215%Rate

Funding earned: $96.53
Price spread: −0.215% → 0.000%: −$21.55
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $51.99
Costs to cover: 0.230%
Break-even: 3.2 days

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	1.06 bp	22.1 bp −$22	63.0 bp −$630	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	−0.0919%	1h	4.7233	−0.268%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0656%	1h	4.7353	−0.015%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0642%	4h	4.7300	−0.127%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0639%	1h	4.7284	−0.160%	$664K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0580%	4h	4.7141	−0.462%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0401%	4h	4.7230	−0.274%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7276	−0.177%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0306%	4h	4.7353	−0.015%	$25.0M	$61.0M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0294%	4h	4.7170	−0.401%	$888K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0281%	1h	4.7212	−0.312%	$85K	$81K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDTlong	−0.0270%	4h	4.7360	long leg	$42.8M	$30.5M	75x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7349	−0.024%	$653K	$399K	50x	as long as short
Nado LIT-PERP	−0.0099%	1h	4.7340	−0.042%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	−0.0056%	1h	4.7317	−0.090%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7209	−0.319%	$244K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0047%	1h	4.7225	−0.285%	$979	$484K	5x	as long as short
Paradex LIT-USD-PERP	−0.0028%	8h	4.7286	−0.156%	$5K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7328	−0.067%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7265	−0.201%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7364	+0.009%	$815K	$2.0M	5x	as long as short
MEXC LIT_USDT	+0.0030%	4h	4.7296	−0.135%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0030%	4h	4.7330	−0.063%	$74.8M	$80.9M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.436%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0037%	4h	4.7163	−0.416%	$287K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7192	−0.355%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.078%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0087%	1h	4.7360	0.000%	$447K	$105K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7375	+0.032%	$59.4M	$29.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7349	−0.023%	$210.4M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7370	+0.020%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7339	−0.044%	$594K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7313	−0.099%	$117K	$445K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	+0.021%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7220	−0.296%	$55K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7253	−0.226%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7236	−0.262%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7233	−0.268%	$188K	$327K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7208	−0.321%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0131%	4h	4.7166	−0.410%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0185%	1h	4.7341	−0.039%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0376%	1h	4.7389	+0.061%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0387% / S −0.0190%	1h	4.7258	−0.215%	$59K	—	50x