Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.014%

Price spread now: Injective against GRVT+2.126%7-day average −11.483% · you sell dearer than you buy

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

Long on GRVT Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$31 on $10k

Price spread, last 3 days (all we have)−17.402%−$1,740 · spread now +2.126%, 7d avg −11.483%

Together, before fees−17.097%+ Points / potential airdropGRVT: Active · farm board−$1,710 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 13.609% dearer against GRVT than usual: you sell high and buy low: +$1,361 more if the spread goes back to its 7-day average of −11.483%.

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 23m	$899K	$1.8M	10x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	23m 17s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +2.126%Rate

Funding earned: $41.02
Price spread: +2.126% → −11.483%: $1,360.87
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,392.87
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 5 min ago; Injective: 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, 5 min ago	1.06 bp	36.5 bp −$36	4003.1 bp −$40.0K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.1242%	4h	4.6980	−0.128%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0818%	1h	4.7042	+0.004%	$661K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0767%	1h	4.6966	−0.157%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0624%	4h	4.6906	−0.285%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6930	−0.234%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0519%	4h	4.6940	−0.213%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0459%	4h	4.6950	−0.191%	$25.2M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0326%	1h	4.6944	−0.204%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0293%	4h	4.6970	−0.149%	$42.4M	$30.1M	75x	as long as short
KuCoin LITUSDTM	−0.0280%	4h	4.6949	−0.193%	$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	−0.0208%	1h	4.7061	+0.044%	$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	4.7016	−0.050%	$783K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0051%	1h	4.6950	−0.191%	$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	4.6993	−0.099%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0001%	8h	4.6952	−0.187%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7012	−0.061%	$35K	—	150x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+2.126%	$422	$178K	5.5x
edgeX LITUSDC	+0.0056%	4h	4.7028	−0.026%	$286K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.6947	−0.198%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6941	−0.210%	$74.5M	$80.8M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6970	−0.150%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7041	+0.002%	$59.2M	$29.6M	5x	as long as short
SoDEX LIT-USD	+0.0096%	1h	4.6975	−0.138%	$996	$464K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7039	−0.002%	$209.8M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7033	−0.015%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6988	−0.111%	$578K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6987	−0.113%	$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	4.7000	−0.085%	$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	4.6958	−0.174%	$444K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7009	−0.066%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6964	−0.162%	$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	4.6938	−0.218%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7034	−0.013%	$3.6M	$13.7M	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	4.7006	−0.072%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0375% / S −0.0169%	1h	4.6999	−0.087%	$62K	—	50x	as long as short