Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.059%

Price spread now: Bullet against GRVT−0.060%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Bullet

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 airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.060% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7401	−0.0268	get 0.0134% / 4h	2h 48m	$898K	$1.9M	10x
Short	Bullet LIT-USD	4.7373	−0.0274	pay 0.0034% / 1h	48m 58s	$85K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$1.2
Price spread: −0.060% → 0.000%: −$5.96
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$24.16
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; Bullet: 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 GRVT live order book, 4 min ago	1.05 bp	44.0 bp −$44	7480.8 bp −$74.8K	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.066%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7355	−0.098%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0626%	1h	4.7399	−0.005%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0573%	4h	4.7326	−0.159%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7380	−0.045%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7340	−0.129%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7418	+0.035%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0295%	4h	4.7392	−0.020%	$25.1M	$60.8M	50x	as long as short
Bullet LIT-USDshort	−0.0274%	1h	4.7373	−0.060%	$85K	$81K	20x
GRVT LIT_USDT_Perplong	−0.0268%	4h	4.7401	long leg	$898K	$1.9M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0218%	4h	4.7438	+0.078%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0193%	1h	4.7395	−0.013%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.217%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7360	−0.086%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.071%	$245K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0045%	1h	4.7365	−0.076%	$981	$476K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	−0.035%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.124%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7426	+0.053%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	+0.103%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.348%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0043%	4h	4.7368	−0.070%	$74.8M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0050%	4h	4.7349	−0.110%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.114%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7341	−0.128%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.009%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7444	+0.090%	$448K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7458	+0.120%	$59.6M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7405	+0.008%	$210.6M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7420	+0.040%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7443	+0.088%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	+0.054%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	−0.003%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.103%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7407	+0.012%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7446	+0.094%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.088%	$189K	$330K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7455	+0.114%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0170%	4h	4.7362	−0.083%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7521	+0.252%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0288%	1h	4.7469	+0.143%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7416	+0.032%	$60K	—	50x	as long as short