Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h −0.004%

Price spread now: Coinbase International against GRVT+2.025%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs+$119as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.546%−$55 on $10k

Price spread, last 3 days (all we have)−0.674%−$67 · spread now +2.025%, 7d avg +0.074%

Together, before fees−1.220%+ Points / potential airdropGRVT: Active · farm board−$122 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 1.952% dearer against GRVT than usual: you sell high and buy low: +$195 more if the spread goes back to its 7-day average of +0.074%. Mind the row above: over the last 7 days funding on this pair cost −0.546%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7490	−0.0274	get 0.0137% / 4h	2h 55m	$896K	$1.9M	10x
Short	Coinbase International LIT-PERP-INTX	4.8452	−0.0152	pay 0.0019% / 1h	55m 38s	$668K	$408K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +2.025%Rate

Funding earned: $25.62
Price spread: +2.025% → +0.074%: $195.16
Slippage, 4 orders: −$57.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $144.68
Costs to cover: 0.761%
Break-even: from the start

Slippage from GRVT: live order book, 3 min ago; Coinbase International: live order book, 32 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	1.05 bp	22.6 bp −$23	2910.7 bp −$29.1K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 32 min ago	7.23 bp	18.2 bp −$18	44.3 bp −$443	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	−0.0855%	1h	4.7472	−0.039%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0728%	1h	4.7407	−0.176%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7428	−0.131%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0470%	4h	4.7450	−0.085%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0457%	1h	4.7496	+0.012%	$667K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0367%	1h	4.7480	−0.022%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0330%	4h	4.7464	−0.056%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0302%	4h	4.7500	+0.020%	$2.8M	$4.5M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0288%	4h	4.7486	−0.009%	$25.2M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perplong	−0.0274%	4h	4.7490	long leg	$896K	$1.9M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0238%	4h	4.7500	+0.020%	$42.9M	$30.1M	75x	as long as short
SoDEX LIT-USD	−0.0229%	1h	4.7475	−0.032%	$984	$473K	5x	as long as short
Nado LIT-PERP	−0.0184%	1h	4.7474	−0.033%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0152%	1h	4.8452	+2.025%	$668K	$408K	50x
Phoenix LIT	−0.0067%	1h	4.7677	+0.393%	$246K	$321K	5x	as long as short
Polymarket Perps LIT-USD	−0.0038%	1h	4.7518	+0.058%	$449K	$104K	10x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7469	−0.045%	$5.2M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0019%	8h	4.7431	−0.126%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7540	+0.104%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7525	+0.072%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7527	+0.077%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.157%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0055%	4h	4.7460	−0.064%	$75.0M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7438	−0.110%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7527	+0.077%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7458	−0.069%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	−0.001%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.288%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7508	+0.037%	$211.1M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7511	+0.043%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7494	+0.008%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7481	−0.020%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7500	+0.020%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7514	+0.050%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7545	+0.115%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	+0.399%	$190K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7535	+0.095%	$31K	$843K	33x	as long as short
Lighter LIT	+0.0128%	1h	4.7549	+0.123%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.7719	+0.482%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7551	+0.128%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7493	+0.006%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7520	+0.063%	$60K	—	50x	as long as short