Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.072%

Price spread now: Perpl against GRVT−0.056%7-day average +0.082% · you buy dearer than you sell

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

Long on GRVT Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 7 days+0.378%+$38 · spread now −0.056%, 7d avg +0.082%

Together, before fees+0.737%+ Points / potential airdropGRVT: Active · Perpl: Active · farm board+$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.138% cheaper against GRVT than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.082%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.359%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7270	0.0100	pay 0.0050% / 4h	3h 13m	$910K	$1.8M	10x
Short	Perpl LIT	4.7244	0	get 0.0000% / 43m	10m 14s	$31K	$738K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$21
Price spread: −0.056% → +0.082%: −$13.77
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$57.57
Costs to cover: 0.228%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Perpl: 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	13.6 bp −$14	28.2 bp −$282	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.0631%	1h	4.7165	−0.222%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0389%	4h	4.7131	−0.295%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7105	−0.350%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0307%	1h	4.7179	−0.193%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.833%	$607K	$357K	50x	as long as short
Phemex LITUSDT	−0.0273%	4h	4.7160	−0.233%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0203%	4h	4.7180	−0.191%	$41.1M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0074%	4h	4.7172	−0.208%	$25.4M	$60.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	−0.212%	$56K	$75K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7260	−0.022%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0016%	4h	4.7190	−0.170%	$5.3M	$1.0M	30x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7217	−0.114%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7211	−0.126%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7244	−0.056%	$31K	$738K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7230	−0.085%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.628%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7142	−0.272%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7253	−0.036%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0099%	1h	4.7177	−0.196%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7263	−0.015%	$211.0M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7214	−0.119%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7161	−0.231%	$75.7M	$78.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7204	−0.140%	$115K	$452K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7220	−0.106%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7160	−0.233%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	−0.022%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7217	−0.113%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	−0.041%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perplong	+0.0100%	4h	4.7270	long leg	$910K	$1.8M	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7180	−0.191%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7200	−0.148%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7153	−0.248%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7171	−0.210%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	−0.100%	$200K	$358K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.699%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7152	−0.251%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7165	−0.222%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7268	−0.005%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7282	+0.026%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	−0.242%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0396%	1h	4.7216	−0.114%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7214	−0.119%	$65K	—	50x	as long as short