Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0165%/8h= +18.0% APRpaid last 24h +0.005%

Price spread now: gTrade (Gains Network) against GRVT−0.112%68s7-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 gTrade (Gains Network)

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 pays, the price is against you. gTrade (Gains Network) is 0.112% cheaper against GRVT than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.3 days of funding at the current rate (+$5 a day). The two prices were read 68 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	4.7040	−0.0162	get 0.0081% / 4h	1h 22m	$899K	$1.8M	10x
Short	gTrade (Gains Network) LIT/USD	4.6988	L +0.0003% / S −0.0003%	get 0.0000% / 1h	22m 02s	$35K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.112%Rate

Funding earned: $34.57
Price spread: −0.112% → 0.000%: −$11.16
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $4.41
Costs to cover: 0.190%
Break-even: 6.1 days

Slippage unknown: GRVT: live order book, 1 min ago; gTrade (Gains Network): 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	1.07 bp	41.8 bp −$42	1659.9 bp −$16.6K	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Gate LIT_USDT	−0.1262%	4h	4.6960	−0.170%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0831%	1h	4.6949	−0.193%	$659K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0768%	1h	4.6918	−0.260%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0625%	4h	4.6885	−0.330%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6869	−0.364%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0521%	4h	4.6930	−0.234%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0463%	4h	4.6903	−0.291%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.6918	−0.259%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0303%	4h	4.6910	−0.276%	$42.4M	$30.1M	75x	as long as short
KuCoin LITUSDTM	−0.0282%	4h	4.6941	−0.210%	$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	−0.0201%	1h	4.7036	−0.009%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perplong	−0.0162%	4h	4.7040	long leg	$899K	$1.8M	10x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	+0.334%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.6965	−0.158%	$783K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0052%	1h	4.6929	−0.235%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7054	+0.030%	$243K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7004	−0.077%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0001%	8h	4.6927	−0.240%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0003%	1h	4.6988	−0.112%	$35K	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.126%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7028	−0.026%	$286K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.6896	−0.306%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6892	−0.315%	$74.4M	$80.8M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6914	−0.268%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0095%	1h	4.6925	−0.244%	$990	$464K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6986	−0.115%	$59.2M	$29.7M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7000	−0.085%	$209.7M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6976	−0.136%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6996	−0.094%	$578K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6945	−0.202%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6948	−0.195%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6950	−0.191%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7050	+0.021%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6927	−0.240%	$443K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6966	−0.158%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6926	−0.242%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7116	+0.162%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6895	−0.307%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7013	−0.057%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0227%	4h	4.6923	−0.249%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.6955	−0.180%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0374% / S −0.0169%	1h	4.6993	−0.100%	$62K	—	50x	as long as short