Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0063%/8h= −6.8% APRpaid last 24h −0.021%

Price spread now: BloFin against GMX−0.413%51s7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

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 −$2 a day on $10k at the current rate, and BloFin is 0.413% cheaper against GMX than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	GMX LIT/USD [ETH-USDC]	4.7309	L +0.0403% / S −0.0194%	pay 0.0050% / 1h	50m 19s	$64K	—	50x
Short	BloFin LIT-USDT	4.7113	0.0340	get 0.0170% / 4h	2h 50m	$1.6M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now −0.413%Rate

Funding earned: −$13.13
Price spread: −0.413% → 0.000%: −$41.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$78.46
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	2.87 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit

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
01 Exchange LITUSD	−0.0584%	1h	4.7184	−0.263%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0472%	4h	4.7213	−0.202%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0420%	1h	4.7263	−0.097%	$85K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0409%	1h	4.7281	−0.058%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0350%	1h	4.7198	−0.234%	$684K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0176%	4h	4.7280	−0.060%	$25.7M	$64.1M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.876%	$899K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7207	−0.215%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0122%	4h	4.7230	−0.166%	$2.8M	$4.2M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.910%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	−0.211%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7293	−0.032%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7301	−0.015%	$473	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.546%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.7197	−0.237%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7259	−0.106%	$787K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7288	−0.043%	$59.2M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.857%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7213	−0.202%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7316	+0.016%	$212.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7319	+0.021%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7256	−0.111%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7237	−0.151%	$75.4M	$80.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7255	−0.113%	$42.5M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7227	−0.172%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7224	−0.179%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7300	−0.018%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.985%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6890	−0.885%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7234	−0.158%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7300	−0.018%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7290	−0.039%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7286	−0.048%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7065	−0.515%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7220	−0.187%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7254	−0.114%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7246	−0.133%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7306	−0.005%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0322%	1h	4.7108	−0.424%	$9K	$209K	10x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.7113	−0.413%	$1.6M	$2.0M	75x
GMX LIT/USD [ETH-USDC]long	L +0.0403% / S −0.0194%	1h	4.7309	long leg	$64K	—	50x
Perpl LIT	+0.0447%	43m	4.7277	−0.066%	$31K	$860K	33x	as long as short