Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.034%

Price spread now: Arcus against GRVT+0.109%54s7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.615% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.122%+$12 on $10k

Price spread, last 4 days (all we have)+0.980%+$98 · spread now +0.109%, 7d avg +0.132%

Together, before fees+1.102%+ Points / potential airdropGRVT: Active · farm board+$110 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.022% cheaper against GRVT than usual: you would sell low and buy high (spread +0.109% now, against its 7-day average of +0.132%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.122% in total) that is about 15 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7104	−0.0200	get 0.0100% / 4h	1h 40m	$899K	$1.9M	10x
Short	Arcus LIT-USD	4.7155	0.0100	get 0.0013% / 1h	40m 30s	$116K	$447K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.109%Rate

Funding earned: $63
Price spread: +0.109% → +0.132%: −$2.24
Slippage, 4 orders: −$47.96
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$0.7
Costs to cover: 0.615%
Break-even: 7.1 days

Slippage from GRVT: live order book, 3 min ago; Arcus: live order book, 43 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, 3 min ago	2.12 bp	27.4 bp −$27	2876.2 bp −$28.8K	doesn't fit	doesn't fit
Sell Arcus live order book, 43 min ago	4.95 bp	7.9 bp −$8	11.0 bp −$110	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
Gate LIT_USDT	−0.1008%	4h	4.7170	+0.141%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0902%	1h	4.7171	+0.144%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0665%	1h	4.7211	+0.228%	$663K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.7129	+0.054%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7104	+0.001%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0522%	4h	4.7170	+0.141%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0422%	4h	4.7139	+0.075%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7181	+0.165%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0302%	4h	4.7158	+0.116%	$42.6M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0288%	4h	4.7202	+0.209%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0229%	1h	4.7171	+0.143%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perplong	−0.0200%	4h	4.7104	long leg	$899K	$1.9M	10x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.311%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7191	+0.186%	$786K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.271%	$245K	$327K	5x	as long as short
Nado LIT-PERP	−0.0033%	1h	4.7135	+0.068%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7213	+0.233%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7144	+0.086%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7232	+0.272%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.988%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0055%	4h	4.7164	+0.128%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7125	+0.046%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7126	+0.048%	$74.7M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7194	+0.192%	$148K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0083%	1h	4.7175	+0.152%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7214	+0.235%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7226	+0.260%	$210.5M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7226	+0.259%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7179	+0.161%	$580K	$1.8M	10x	as long as short
Arcus LIT-USDshort	+0.0100%	1h	4.7155	+0.109%	$116K	$447K	5x
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.094%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7170	+0.141%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.056%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7158	+0.116%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7224	+0.255%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7207	+0.220%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7222	+0.252%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7124	+0.044%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0226%	4h	4.7158	+0.116%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7185	+0.174%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7222	+0.251%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0384%	1h	4.7229	+0.266%	$3.7M	$13.6M	5x	as long as short