Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0431%/8h= −47.2% APRpaid last 24h −0.160%

Price spread now: Gate against GMX+0.104%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Gate

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

The price spread pays, funding is against you. Gate is 0.104% dearer against GMX than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.6951	L +0.0405% / S −0.0201%	pay 0.0051% / 1h	8m 52s	$63K	—	50x
Short	Gate LIT_USDT	4.7000	−0.0026	pay 0.0013% / 4h	2h 08m	$2.8M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: −$90.6
Price spread: +0.104% → 0.000%: $10.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.25
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	2.13 bp	27.8 bp −$28	75.0 bp −$750	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 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	−0.0544%	1h	4.6922	−0.063%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0439%	4h	4.6897	−0.116%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0355%	1h	4.6931	−0.044%	$84K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0267%	1h	4.6933	−0.040%	$41K	$40K	10x	as long as short
ApeX Omni LITUSDT	−0.0168%	1h	4.7020	+0.146%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0146%	4h	4.7050	+0.210%	$895K	$1.7M	10x	as long as short
KuCoin LITUSDTM	−0.0104%	4h	4.7015	+0.136%	$5.2M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.7017	+0.140%	$203K	$352K	5x	as long as short
Phemex LITUSDT	−0.0098%	4h	4.6930	−0.046%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0093%	4h	4.7020	+0.146%	$25.5M	$62.4M	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	+0.922%	$670K	$373K	50x	as long as short
Gate LIT_USDTshort	−0.0026%	4h	4.7000	+0.104%	$2.8M	$4.3M	50x
Bulk LIT-USD	−0.0020%	1h	4.7177	+0.481%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6982	+0.065%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6948	−0.007%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.319%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0042%	8h	4.6959	+0.016%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0059%	4h	4.6990	+0.082%	$41.8M	$28.9M	75x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6949	−0.005%	$817K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7008	+0.121%	$58.9M	$29.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6913	−0.081%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7016	+0.138%	$210.3M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7000	+0.104%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7000	+0.104%	$74.8M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6984	+0.069%	$116K	$447K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6976	+0.052%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	+0.167%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6970	+0.040%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6965	+0.030%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6954	+0.006%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6955	+0.008%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6966	+0.031%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6950	−0.003%	$1K	$422K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7046	+0.202%	$189K	$351K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6976	+0.052%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6940	−0.023%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0121%	4h	4.7015	+0.136%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7033	+0.174%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0252%	1h	4.7107	+0.332%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0405% / S −0.0201%	1h	4.6951	long leg	$63K	—	50x
Perpl LIT	+0.0447%	43m	4.6972	+0.043%	$31K	$838K	33x	as long as short