Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.035%

Price spread now: Aevo against GRVT+0.163%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1391.389% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$39 on $10k

Price spread, last 3 days (all we have)−0.206%−$21 · spread now +0.163%, 7d avg +0.009%

Together, before fees+0.189%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.154% dearer against GRVT than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7420	0.0024	pay 0.0012% / 4h	3h 42m	$899K	$1.8M	10x
Short	Aevo LIT-PERP	4.7497	0.0104	get 0.0013% / 1h	42m 35s	$149K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now +0.163%Rate

Funding earned: $16.8
Price spread: +0.163% → +0.009%: $15.45
Slippage, 4 orders: −$113.91
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$106.66
Costs to cover: 1.389%
Break-even: 51.4 days

Slippage from GRVT: live order book, 1 min ago; Aevo: live order book, 31 min ago.

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 GRVT live order book, 1 min ago	1.05 bp	11.1 bp −$11	25.2 bp −$252	doesn't fit	doesn't fit
Sell Aevo live order book, 31 min ago	45.52 bp	61.0 bp −$61	doesn't fit	doesn't fit	doesn't fit

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	−0.0639%	1h	4.7523	+0.217%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0512%	4h	4.7471	+0.108%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7564	+0.304%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0366%	4h	4.7530	+0.233%	$2.8M	$4.4M	50x	as long as short
Bullet LIT-USD	−0.0324%	1h	4.7464	+0.093%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0255%	4h	4.7583	+0.344%	$25.8M	$64.2M	50x	as long as short
Phemex LITUSDT	−0.0149%	4h	4.7510	+0.190%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0146%	4h	4.7490	+0.148%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7498	+0.165%	$672K	$402K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0070%	1h	4.7549	+0.273%	$685K	$1.4M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.7328	−0.193%	$205K	$361K	5x	as long as short
ApeX Omni LITUSDT	−0.0028%	1h	4.7370	−0.105%	$56K	$77K	50x	as long as short
Perpl LIT	0.0000%	43m	4.7623	+0.429%	$31K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7511	+0.192%	$35K	—	150x	as long as short
dYdX LIT-USD	+0.0007%	1h	4.7561	+0.298%	$34K	—	5x	as long as short
GRVT LIT_USDT_Perplong	+0.0024%	4h	4.7420	long leg	$899K	$1.8M	10x
Nado LIT-PERP	+0.0033%	1h	4.7565	+0.306%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.308%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0041%	8h	4.7490	+0.149%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7577	+0.332%	$59.5M	$29.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7622	+0.427%	$12.7M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7537	+0.247%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7560	+0.297%	$75.9M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7571	+0.319%	$42.9M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7584	+0.346%	$118K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−0.588%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7493	+0.155%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7600	+0.380%	$6.8M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7332	−0.186%	$288K	$312K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7600	+0.380%	$450K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7557	+0.290%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7403	−0.035%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7515	+0.201%	$994	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7481	+0.129%	$189K	$347K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7589	+0.357%	$3.7M	$13.7M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7549	+0.273%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERPshort	+0.0104%	1h	4.7497	+0.163%	$149K	—	3x
RISEx LIT/USDC	+0.0119%	1h	4.7624	+0.430%	$812K	$2.0M	5x	as long as short
Hyperliquid LIT	+0.0212%	1h	4.7681	+0.551%	$213.9M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0324%	1h	4.7365	−0.115%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7509	+0.188%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0384% / S −0.0176%	1h	4.7510	+0.190%	$63K	—	50x	as long as short