Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0207%/8h= +22.6% APRpaid last 24h +0.025%

Price spread now: SoDEX against GRVT−0.351%74s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.841% of the position

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 3 days (all we have)+0.274%+$27 · spread now −0.351%, 7d avg +0.024%

Together, before fees+0.367%+ Points / potential airdropGRVT: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.376% cheaper against GRVT than usual: you would sell low and buy high (spread −0.351% now, against its 7-day average of +0.024%). If the spread goes back, that is −$38 on $10k: about 6.1 days of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.093% in total) that is about 12 days. The two prices were read 74 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	4.7130	−0.0178	get 0.0089% / 4h	1h 36m	$900K	$1.8M	10x
Short	SoDEX LIT-USD	4.6964	0.0029	get 0.0004% / 1h	36m 12s	$1K	$465K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.351%Rate

Funding earned: $43.4
Price spread: −0.351% → +0.024%: −$37.56
Slippage, 4 orders: −$67.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$78.26
Costs to cover: 0.841%
Break-even: 19.6 days

Slippage from GRVT: live order book, 2 min ago; SoDEX: live order book, 47 min ago.

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, 2 min ago	1.06 bp	32.1 bp −$32	3266.5 bp −$32.7K	doesn't fit	doesn't fit
Sell SoDEX live order book, 47 min ago	0.10 bp	20.2 bp −$20	49.9 bp −$499	doesn't fit	doesn't fit

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	−0.1084%	4h	4.7030	−0.211%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.1036%	1h	4.6969	−0.341%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0721%	1h	4.7090	−0.084%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.6922	−0.440%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.6915	−0.455%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0534%	4h	4.6960	−0.360%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0432%	4h	4.6956	−0.368%	$25.2M	$61.9M	50x	as long as short
Bullet LIT-USD	−0.0354%	1h	4.6982	−0.313%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0300%	4h	4.6960	−0.360%	$42.4M	$30.3M	75x	as long as short
KuCoin LITUSDTM	−0.0294%	4h	4.7000	−0.275%	$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	−0.0228%	1h	4.7131	+0.003%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perplong	−0.0178%	4h	4.7130	long leg	$900K	$1.8M	10x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7000	−0.275%	$650K	$382K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7028	−0.214%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6978	−0.320%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7117	−0.027%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0004%	8h	4.6974	−0.330%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7074	−0.118%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7051	−0.167%	$35K	—	150x	as long as short
SoDEX LIT-USDshort	+0.0029%	1h	4.6964	−0.351%	$1K	$465K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.932%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6929	−0.425%	$74.4M	$81.0M	75x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.6974	−0.330%	$5.5M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7140	+0.021%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6950	−0.380%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7045	−0.179%	$59.1M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7065	−0.137%	$209.8M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7045	−0.180%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7060	−0.147%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7028	−0.215%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.039%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6980	−0.317%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.001%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7008	−0.258%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7041	−0.188%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6994	−0.288%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.016%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6951	−0.379%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0233%	4h	4.7034	−0.203%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0328%	1h	4.7054	−0.160%	$3.7M	$13.6M	5x	as long as short
Perpl LIT	+0.0335%	43m	4.7032	−0.207%	$31K	$840K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7024	−0.224%	$59K	—	50x	as long as short