Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0303%/8h= +33.1% APRpaid last 24h +0.003%

Price spread now: gTrade (Gains Network) against KuCoin−0.100%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Funding pays, the price is against you. gTrade (Gains Network) is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 26 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.7292	−0.0300	get 0.0150% / 4h	2h 10m	$5.2M	$1.1M	30x
Short	gTrade (Gains Network) LIT/USD	4.7245	L +0.0003% / S −0.0003%	get 0.0000% / 1h	10m 23s	$35K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.100%Rate

Funding earned: $63.55
Price spread: −0.100% → 0.000%: −$9.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $31.57
Costs to cover: 0.220%
Break-even: 3.5 days

Slippage unknown: KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	7.77 bp	26.5 bp −$26	428.6 bp −$4,286	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
Deribit LIT_USDC-PERPETUAL	−0.1375%	1h	4.7314	+0.047%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0618%	4h	4.7145	−0.311%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0606%	4h	4.7280	−0.025%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0593%	4h	4.7320	+0.059%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7138	−0.326%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7212	−0.169%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0352%	4h	4.7169	−0.260%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTMlong	−0.0300%	4h	4.7292	long leg	$5.2M	$1.1M	30x
Bybit LITUSDT	−0.0295%	4h	4.7210	−0.173%	$42.7M	$30.7M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7505	+0.450%	$902K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0237%	1h	4.7331	+0.082%	$665K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.908%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0108%	1h	4.7521	+0.484%	$11K	$201K	10x	as long as short
SoDEX LIT-USD	−0.0064%	1h	4.7320	+0.059%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7633	+0.721%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7179	−0.240%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7268	−0.052%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0003%	1h	4.7245	−0.100%	$35K	—	150x
RISEx LIT/USDC	+0.0009%	1h	4.7261	−0.065%	$813K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0015%	1h	4.7232	−0.127%	$446K	$105K	10x	as long as short
Nado LIT-PERP	+0.0019%	1h	4.7210	−0.173%	$2.1M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.582%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0037%	4h	4.7175	−0.247%	$74.7M	$81.5M	75x	as long as short
MEXC LIT_USDT	+0.0040%	4h	4.7196	−0.203%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	+0.619%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7206	−0.181%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7304	+0.025%	$59.3M	$30.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7300	+0.017%	$210.8M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7289	−0.006%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7278	−0.030%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7233	−0.125%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.173%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7220	−0.152%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	+0.651%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7491	+0.421%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7394	+0.216%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7572	+0.592%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7214	−0.165%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7264	−0.059%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0163%	4h	4.7287	−0.011%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7250	−0.089%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7336	+0.093%	$3.7M	$14.3M	5x	as long as short