Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.098%

Price spread now: edgeX against GMX−0.260%50s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.260% cheaper against GMX than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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]	4.7440	L +0.0358% / S −0.0155%	pay 0.0045% / 1h	33m 36s	$59K	—	50x
Short	edgeX LITUSDC	4.7317	0.0029	get 0.0014% / 4h	2h 33m	$288K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.260%Rate

Funding earned: −$69.17
Price spread: −0.260% → 0.000%: −$26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$116.17
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 54 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 edgeX live order book, 54 min ago	5.18 bp	11.6 bp −$12	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
Deribit LIT_USDC-PERPETUAL	−0.1209%	1h	4.7370	−0.148%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0712%	4h	4.7420	−0.042%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0594%	4h	4.7324	−0.244%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.7359	−0.170%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0474%	1h	4.7437	−0.006%	$666K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0451%	4h	4.7350	−0.189%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0387%	1h	4.7391	−0.103%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0308%	4h	4.7414	−0.055%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0304%	4h	4.7340	−0.212%	$891K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0303%	4h	4.7388	−0.109%	$24.9M	$61.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0295%	4h	4.7410	−0.063%	$42.9M	$30.5M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7487	+0.098%	$657K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7492	+0.110%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7390	−0.106%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0037%	1h	4.7355	−0.179%	$984	$486K	5x	as long as short
Paradex LIT-USD-PERP	−0.0031%	8h	4.7399	−0.086%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7465	+0.053%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7435	−0.011%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7418	−0.045%	$816K	$2.0M	5x	as long as short
Bulk LIT-USD	+0.0018%	1h	4.7345	−0.199%	$119K	$6K	10x	as long as short
MEXC LIT_USDT	+0.0026%	4h	4.7413	−0.057%	$5.8M	$4.2M	100x	as long as short
Polymarket Perps LIT-USD	+0.0026%	1h	4.7403	−0.078%	$448K	$105K	10x	as long as short
Binance LITUSDT	+0.0026%	4h	4.7391	−0.103%	$74.9M	$81.0M	75x	as long as short
edgeX LITUSDCshort	+0.0029%	4h	4.7317	−0.260%	$288K	$311K	10x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.265%	$422	$178K	5.5x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7343	−0.205%	$148K	$44K	3x	as long as short
Nado LIT-PERP	+0.0054%	1h	4.7390	−0.105%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7495	+0.116%	$59.5M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7456	+0.034%	$211.0M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7485	+0.095%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7461	+0.045%	$586K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7407	−0.069%	$117K	$447K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	+0.063%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7400	−0.084%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7428	−0.025%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7389	−0.107%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7453	+0.028%	$190K	$329K	30x	as long as short
BloFin LIT-USDT	+0.0108%	4h	4.7344	−0.202%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0112%	43m	4.7419	−0.044%	$31K	$841K	33x	as long as short
Aftermath Perps LITUSD	+0.0182%	1h	4.7423	−0.035%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0344%	1h	4.7516	+0.160%	$3.7M	$14.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0358% / S −0.0155%	1h	4.7440	long leg	$59K	—	50x