Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0299%/8h= −32.8% APRpaid last 24h −0.094%

Price spread now: MEXC against GMX−0.120%7-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 MEXC

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 −$9 a day on $10k at the current rate, and MEXC is 0.120% cheaper against GMX than usual: you would sell low and buy high (−$12 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	GMX LIT/USD [ETH-USDC]	4.7723	L +0.0399% / S −0.0189%	pay 0.0050% / 1h	12m 37s	$64K	—	50x
Short	MEXC LIT_USDT	4.7666	0.0100	get 0.0050% / 4h	3h 12m	$5.6M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$62.81
Price spread: −0.120% → 0.000%: −$11.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$90.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.10 bp	3.4 bp −$3	13.5 bp −$135	273.6 bp −$27.4K	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	−0.0722%	1h	4.7692	−0.065%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7635	−0.185%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7612	−0.233%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0353%	1h	4.7669	−0.113%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0196%	4h	4.7698	−0.053%	$25.9M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	+0.035%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7684	−0.082%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.124%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0054%	4h	4.7731	+0.016%	$913K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	−0.023%	$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	4.7715	−0.017%	$32K	$852K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7722	−0.002%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7750	+0.057%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.664%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0049%	8h	4.7667	−0.118%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0059%	1h	4.7665	−0.122%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7691	−0.067%	$451K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7757	+0.071%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7771	+0.101%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7721	−0.005%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7665	−0.122%	$76.2M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7680	−0.091%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7681	−0.088%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.518%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7710	−0.028%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.7666	−0.120%	$5.6M	$4.2M	100x
Bitget LITUSDT	+0.0100%	4h	4.7720	−0.007%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7715	−0.017%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.122%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7733	+0.021%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7675	−0.101%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7681	−0.088%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7773	+0.104%	$191K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7700	−0.049%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7664	−0.123%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7715	−0.016%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7697	−0.055%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7775	+0.109%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7625	−0.206%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0341%	1h	4.7781	+0.121%	$214.5M	$43.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0380%	1h	4.7655	−0.143%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0399% / S −0.0189%	1h	4.7723	long leg	$64K	—	50x