Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.064%

Price spread now: Perpl against GMX+0.082%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 Perpl

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 airdropPerpl: Active · farm boardneeds both histories

The price spread pays, funding is against you. Perpl is 0.082% dearer against GMX than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.7416	L +0.0388% / S −0.0190%	pay 0.0049% / 1h	49m 11s	$60K	—	50x
Short	Perpl LIT	4.7455	0.0112	get 0.0010% / 43m	36m 11s	$31K	$844K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$58.11
Price spread: +0.082% → 0.000%: $8.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$75.73
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Perpl: 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 Perpl no order-book sample	—	—	—	—	—

GMX and Perpl: 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	−0.0908%	1h	4.7370	−0.098%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7355	−0.129%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0626%	1h	4.7399	−0.037%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0573%	4h	4.7326	−0.190%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7390	−0.055%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7340	−0.161%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7428	+0.025%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0295%	4h	4.7358	−0.123%	$25.1M	$60.7M	50x	as long as short
Bullet LIT-USD	−0.0274%	1h	4.7373	−0.091%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	−0.032%	$898K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0218%	4h	4.7360	−0.119%	$42.8M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0193%	1h	4.7395	−0.045%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.185%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7361	−0.117%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.039%	$245K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0045%	1h	4.7365	−0.108%	$981	$476K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	−0.067%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.092%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7426	+0.021%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	+0.071%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.315%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0043%	4h	4.7341	−0.159%	$74.8M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0050%	4h	4.7350	−0.140%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.082%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7341	−0.159%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.041%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7444	+0.058%	$448K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7458	+0.088%	$59.6M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7405	−0.024%	$210.6M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7430	+0.029%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7443	+0.056%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	+0.023%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	−0.034%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.071%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7407	−0.020%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7446	+0.063%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.056%	$189K	$330K	30x	as long as short
Perpl LITshort	+0.0112%	43m	4.7455	+0.082%	$31K	$844K	33x
BloFin LIT-USDT	+0.0170%	4h	4.7362	−0.115%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7521	+0.220%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0288%	1h	4.7469	+0.111%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0388% / S −0.0190%	1h	4.7416	long leg	$60K	—	50x