Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h +0.029%

Price spread now: Derive against GRVT+0.150%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Derive

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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Derive is 0.150% dearer against GRVT than usual: you sell high and buy low: +$15 more if the spread 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	4.7582	−0.0250	get 0.0125% / 4h	2h 15m	$901K	$1.9M	10x
Short	Derive LIT-PERP	4.7654	0.0100	get 0.0013% / 1h	15m 19s	$2K	$1K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.150%Rate

Funding earned: $73.5
Price spread: +0.150% → 0.000%: $15.04
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: $73.54
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: GRVT: live order book, 3 min ago; Derive: 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, 3 min ago	1.05 bp	40.4 bp −$40	124.2 bp −$1,242	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.1042%	1h	4.7605	+0.048%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7562	−0.042%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7620	+0.080%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0568%	4h	4.7580	−0.004%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7551	−0.065%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7594	+0.025%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0332%	4h	4.7593	+0.023%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0284%	4h	4.7599	+0.036%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0278%	4h	4.7654	+0.151%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0252%	1h	4.7643	+0.128%	$669K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perplong	−0.0250%	4h	4.7582	long leg	$901K	$1.9M	10x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.292%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0067%	1h	4.7610	+0.059%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	+0.164%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7563	−0.039%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0020%	1h	4.7594	+0.025%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7647	+0.136%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7659	+0.162%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7639	+0.120%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7612	+0.063%	$450K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7585	+0.006%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.962%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7574	−0.017%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0045%	4h	4.7580	−0.005%	$75.3M	$81.4M	75x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7599	+0.035%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7581	−0.002%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7689	+0.225%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7699	+0.246%	$212.4M	$45.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7675	+0.196%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7640	+0.122%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7609	+0.057%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7620	+0.080%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	+0.143%	$56K	$78K	50x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7654	+0.150%	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7624	+0.088%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	+0.145%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.269%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7579	−0.007%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7665	+0.175%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	+0.063%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7651	+0.145%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7711	+0.271%	$3.8M	$14.2M	5x	as long as short