Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0201%/8h= −22.1% APRpaid last 24h −0.070%

Price spread now: OKX against gTrade (Gains Network)−0.103%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on OKX

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 against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.103% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7829	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	9m 49s	$11K	—	150x
Short	OKX LIT-USDT-SWAP	4.7780	−0.0198	pay 0.0099% / 4h	3h 09m	$26.0M	$63.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$42.3
Price spread: −0.103% → 0.000%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.63
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.63 bp	11.6 bp −$12	30.0 bp −$300	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0680%	1h	4.7801	−0.060%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7733	−0.202%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7731	−0.206%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7765	−0.135%	$86K	$72K	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0198%	4h	4.7780	−0.103%	$26.0M	$63.8M	50x
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	−0.187%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7776	−0.112%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	−0.098%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.361%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	−0.245%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7811	−0.039%	$32K	$853K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7812	−0.037%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.7829	long leg	$11K	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.440%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0046%	8h	4.7738	−0.191%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0073%	1h	4.7775	−0.114%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0084%	1h	4.7782	−0.099%	$452K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7790	−0.082%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7835	+0.012%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7797	−0.069%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7707	−0.257%	$76.2M	$80.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7700	−0.271%	$42.9M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7790	−0.082%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.738%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7750	−0.166%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7757	−0.151%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7790	−0.082%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7811	−0.038%	$692K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.344%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7834	+0.009%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7760	−0.145%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7779	−0.105%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7699	−0.273%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7770	−0.124%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7744	−0.178%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7758	−0.149%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7808	−0.045%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7826	−0.007%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0331%	1h	4.7859	+0.062%	$214.9M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7658	−0.358%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0363%	1h	4.7684	−0.304%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0189%	1h	4.7806	−0.048%	$64K	—	50x	as long as short