Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0861%/8h= −94.3% APRpaid last 24h −0.166%

Price spread now: Deribit against GRVT−0.153%75s7-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 Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Deribit is 0.153% cheaper against GRVT than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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	4.7480	−0.0260	get 0.0130% / 4h	2h 52m	$895K	$1.9M	10x
Short	Deribit LIT_USDC-PERPETUAL	4.7408	−0.1121	pay 0.0140% / 1h	52m 06s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$180.88
Price spread: −0.153% → 0.000%: −$15.26
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$212.13
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Deribit: 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, 1 min ago	1.05 bp	44.0 bp −$44	7480.8 bp −$74.8K	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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-PERPETUALshort	−0.1121%	1h	4.7408	−0.153%	$42K	$40K	10x
01 Exchange LITUSD	−0.0656%	1h	4.7378	−0.215%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0567%	4h	4.7345	−0.284%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0528%	1h	4.7448	−0.067%	$666K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0450%	4h	4.7390	−0.189%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0374%	4h	4.7440	−0.084%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7403	−0.163%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7451	−0.061%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0298%	4h	4.7397	−0.175%	$25.1M	$60.6M	50x	as long as short
GRVT LIT_USDT_Perplong	−0.0260%	4h	4.7480	long leg	$895K	$1.9M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0214%	4h	4.7412	−0.143%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0178%	1h	4.7445	−0.074%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.048%	$668K	$408K	50x	as long as short
SoDEX LIT-USD	−0.0114%	1h	4.7415	−0.137%	$982	$474K	5x	as long as short
Extended LIT-USD	−0.0064%	1h	4.7385	−0.200%	$5.2M	$5.2M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	−0.029%	$246K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7398	−0.173%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	−0.042%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7447	−0.070%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7482	+0.003%	$815K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.180%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7385	−0.200%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7388	−0.193%	$74.9M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7481	+0.002%	$289K	$310K	10x	as long as short
Polymarket Perps LIT-USD	+0.0061%	1h	4.7452	−0.059%	$448K	$104K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7359	−0.255%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.021%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.310%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7446	−0.071%	$210.8M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7487	+0.015%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7493	+0.028%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7443	−0.078%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7440	−0.084%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7444	−0.075%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7423	−0.120%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7468	−0.025%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7479	−0.001%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0112%	1h	4.7498	+0.038%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0176%	1h	4.7588	+0.227%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0213%	4h	4.7389	−0.192%	$1.6M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7497	+0.036%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7456	−0.051%	$60K	—	50x	as long as short