Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.033%

Price spread now: GRVT against Extended+0.218%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$620.619% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.493%−$49 on $10k

Price spread, last 7 days−0.218%−$22 · spread now +0.218%, 7d avg −0.030%

Together, before fees−0.712%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.248% dearer against Extended than usual: you sell high and buy low (spread +0.218% now, against its 7-day average of −0.030%): +$25 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LIT-USD	4.6938	0.0104	pay 0.0013% / 1h	23m 22s	$5.2M	$5.1M	25x
Short	GRVT LIT_USDT_Perp	4.7040	−0.0162	pay 0.0081% / 4h	1h 23m	$899K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.218%Rate

Funding earned: −$55.86
Price spread: +0.218% → −0.030%: $24.84
Slippage, 4 orders: −$47.95
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$92.97
Costs to cover: 0.619%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; GRVT: live order book, 5 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 Extended live order book, 6 min ago	0.11 bp	6.4 bp −$6	30.0 bp −$300	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.06 bp	15.0 bp −$15	54.1 bp −$541	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	−0.1242%	4h	4.6980	+0.090%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0818%	1h	4.7042	+0.222%	$661K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0767%	1h	4.6966	+0.061%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0624%	4h	4.6906	−0.067%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6930	−0.016%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0519%	4h	4.6940	+0.005%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0459%	4h	4.6950	+0.026%	$25.2M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0326%	1h	4.6944	+0.013%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0293%	4h	4.6970	+0.069%	$42.4M	$30.1M	75x	as long as short
KuCoin LITUSDTM	−0.0280%	4h	4.6949	+0.024%	$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	−0.0208%	1h	4.7061	+0.262%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perpshort	−0.0162%	4h	4.7040	+0.218%	$899K	$1.8M	10x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	+0.553%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7016	+0.168%	$783K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0051%	1h	4.6950	+0.026%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7054	+0.248%	$243K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6993	+0.119%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0001%	8h	4.6952	+0.030%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7012	+0.157%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.349%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7028	+0.192%	$286K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.6947	+0.020%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6941	+0.007%	$74.5M	$80.8M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6970	+0.068%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7041	+0.220%	$59.2M	$29.6M	5x	as long as short
SoDEX LIT-USD	+0.0096%	1h	4.6975	+0.080%	$996	$464K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7039	+0.216%	$209.8M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7033	+0.203%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6988	+0.107%	$578K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6987	+0.105%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6948	+0.023%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7000	+0.133%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7050	+0.240%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6958	+0.044%	$444K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7009	+0.152%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6964	+0.056%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7116	+0.380%	$188K	$329K	30x	as long as short
Extended LIT-USDlong	+0.0104%	1h	4.6938	long leg	$5.2M	$5.1M	25x
Lighter RH LIT	+0.0216%	1h	4.7034	+0.205%	$3.6M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0227%	4h	4.6923	−0.031%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7006	+0.146%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0375% / S −0.0169%	1h	4.6999	+0.131%	$62K	—	50x	as long as short