Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.176%

Price spread now: GRVT against Deribit+0.140%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.140% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.6885	−0.0176	get 0.0022% / 1h	7m 04s	$41K	$40K	10x
Short	GRVT LIT_USDT_Perp	4.6951	−0.0136	pay 0.0068% / 4h	2h 07m	$893K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Deribit. 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 DeribitbpFee GRVTbpOrdersPrice spread, now +0.140%Rate

Funding earned: $8.48
Price spread: +0.140% → 0.000%: $14.01
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $6.5
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; GRVT: live order book, 1 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell GRVT live order book, 1 min ago	1.07 bp	15.7 bp −$16	83.4 bp −$834	doesn't fit	doesn't fit

Deribit: 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 41 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
01 Exchange LITUSD	−0.0528%	1h	4.6914	+0.062%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0435%	4h	4.6863	−0.047%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0336%	1h	4.6892	+0.015%	$84K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUALlong	−0.0176%	1h	4.6885	long leg	$41K	$40K	10x
ApeX Omni LITUSDT	−0.0141%	1h	4.6910	+0.054%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perpshort	−0.0136%	4h	4.6951	+0.140%	$893K	$1.7M	10x
Phoenix LIT	−0.0102%	1h	4.7017	+0.282%	$203K	$352K	5x	as long as short
KuCoin LITUSDTM	−0.0096%	4h	4.6933	+0.103%	$5.2M	$1.1M	30x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6890	+0.011%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0083%	4h	4.6970	+0.182%	$25.4M	$62.0M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+1.066%	$670K	$373K	50x	as long as short
Gate LIT_USDT	−0.0030%	4h	4.6930	+0.096%	$2.7M	$4.3M	50x	as long as short
Bulk LIT-USD	−0.0020%	1h	4.7177	+0.623%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6941	+0.119%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6901	+0.035%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.464%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0044%	8h	4.6891	+0.012%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6938	+0.112%	$817K	$2.0M	5x	as long as short
Bybit LITUSDT	+0.0092%	4h	4.6955	+0.150%	$41.8M	$28.9M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7004	+0.254%	$58.9M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6910	+0.054%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6971	+0.184%	$210.1M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6945	+0.128%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6887	+0.004%	$74.7M	$78.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6945	+0.128%	$117K	$445K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6938	+0.113%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6940	+0.118%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6933	+0.103%	$680K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6929	+0.094%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6904	+0.041%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6905	+0.043%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6921	+0.077%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6895	+0.022%	$1K	$421K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7002	+0.250%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6869	−0.034%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6906	+0.044%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0126%	4h	4.6959	+0.158%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0200%	1h	4.6981	+0.205%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0252%	1h	4.7060	+0.374%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0201%	1h	4.6897	+0.026%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6917	+0.068%	$31K	$839K	33x	as long as short