Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h +0.004%

Price spread now: GRVT against Coinbase International−1.718%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.546%+$55 on $10k

Price spread, last 3 days (all we have)+0.366%+$37 · spread now −1.718%, 7d avg −0.074%

Together, before fees+0.913%+ Points / potential airdropGRVT: Active · farm board+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 1.644% cheaper against Coinbase International than usual: you would sell low and buy high (−$164 if the spread goes back to its 7-day average of −0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.546%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.8452	−0.0152	get 0.0019% / 1h	56m 38s	$668K	$408K	50x
Short	GRVT LIT_USDT_Perp	4.7620	−0.0262	pay 0.0131% / 4h	2h 56m	$902K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Coinbase International. 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 Coinbase InternationalbpFee GRVTbpOrdersPrice spread, now −1.718%Rate

Funding earned: −$23.1
Price spread: −1.718% → −0.074%: −$164.38
Slippage, 4 orders: −$57.1
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$263.58
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 31 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 Coinbase International live order book, 31 min ago	7.23 bp	22.1 bp −$22	51.4 bp −$514	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.05 bp	13.1 bp −$13	45.6 bp −$456	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
Deribit LIT_USDC-PERPETUAL	−0.0827%	1h	4.7501	−1.963%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0744%	1h	4.7443	−2.083%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7435	−2.099%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0505%	4h	4.7470	−2.027%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0483%	1h	4.7528	−1.907%	$667K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0378%	1h	4.7506	−1.953%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7510	−1.945%	$5.3M	$1.1M	30x	as long as short
SoDEX LIT-USD	−0.0323%	1h	4.7490	−1.986%	$986	$474K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0289%	4h	4.7522	−1.920%	$25.2M	$60.7M	50x	as long as short
Gate LIT_USDT	−0.0270%	4h	4.7510	−1.945%	$2.8M	$4.5M	50x	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	−0.0262%	4h	4.7620	−1.718%	$902K	$1.9M	10x
Bybit LITUSDT	−0.0238%	4h	4.7550	−1.862%	$43.0M	$30.1M	75x	as long as short
ApeX Omni LITUSDT	−0.0230%	1h	4.7610	−1.738%	$56K	$78K	50x	as long as short
Nado LIT-PERP	−0.0209%	1h	4.7510	−1.945%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0152%	1h	4.8452	long leg	$668K	$408K	50x
Polymarket Perps LIT-USD	−0.0128%	1h	4.7536	−1.891%	$449K	$104K	10x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	−1.600%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7505	−1.955%	$5.3M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0019%	8h	4.7489	−1.987%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7600	−1.759%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7539	−1.885%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7548	−1.867%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.851%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7514	−1.936%	$6.0M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7518	−1.928%	$75.1M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0066%	4h	4.7648	−1.659%	$290K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7488	−1.990%	$149K	$44K	3x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	−1.703%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7567	−1.827%	$211.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7580	−1.800%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7571	−1.819%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7513	−1.938%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	−1.883%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7547	−1.868%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7510	−1.945%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	−1.594%	$190K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7562	−1.838%	$31K	$843K	33x	as long as short
Lighter LIT	+0.0128%	1h	4.7604	−1.751%	$59.7M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.7757	−1.435%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7614	−1.730%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7493	−1.980%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0389% / S −0.0190%	1h	4.7536	−1.891%	$60K	—	50x	as long as short