Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0789%/8h= −86.4% APRpaid last 24h −0.249%

Price spread now: Orderly against GMX−0.231%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 Orderly

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 −$24 a day on $10k at the current rate, and Orderly is 0.231% cheaper against GMX than usual: you would sell low and buy high (−$23 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]	4.7980	L +0.0425% / S −0.0217%	pay 0.0053% / 1h	44m 52s	$64K	—	50x
Short	Orderly PERP_LIT_USDC	4.7869	−0.0364	pay 0.0182% / 4h	44m 52s	$33K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.231%Rate

Funding earned: −$165.62
Price spread: −0.231% → 0.000%: −$23.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$206.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	−0.0551%	1h	4.7906	−0.153%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7871	−0.227%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0364%	4h	4.7869	−0.231%	$33K	$1K	10x
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.417%	$605K	$347K	50x	as long as short
Bullet LIT-USD	−0.0263%	1h	4.7936	−0.090%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0140%	4h	4.7897	−0.172%	$25.7M	$59.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0090%	4h	4.7930	−0.104%	$884K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7940	−0.082%	$34K	—	5x	as long as short
Bybit LITUSDT	+0.0003%	4h	4.7912	−0.141%	$41.7M	$28.0M	75x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7965	−0.032%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.126%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.8127	+0.307%	$206K	$293K	5x	as long as short
Phemex LITUSDT	+0.0062%	4h	4.7930	−0.104%	$1.4M	$2.8M	20x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7915	−0.135%	$801K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7876	−0.216%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7977	−0.006%	$59.6M	$26.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7905	−0.156%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7939	−0.084%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7887	−0.194%	$76.8M	$74.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7916	−0.133%	$125K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8008	+0.059%	$120K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7950	−0.062%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7880	−0.208%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7926	−0.112%	$5.5M	$960K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7920	−0.124%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7948	−0.066%	$766K	$943K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7930	−0.104%	$293K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8010	+0.063%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7940	−0.083%	$450K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7975	−0.009%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7901	−0.164%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7906	−0.154%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7999	+0.040%	$200K	$298K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7877	−0.214%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7897	−0.172%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7991	+0.024%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0181%	4h	4.8001	+0.045%	$12.9M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0276%	1h	4.7985	+0.011%	$216.6M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7869	−0.231%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0348%	1h	4.7944	−0.074%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0425% / S −0.0217%	1h	4.7980	long leg	$64K	—	50x
Perpl LIT	+0.0447%	43m	4.7924	−0.116%	$32K	$654K	33x	as long as short