Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.081%

Price spread now: GMX against KuCoin−0.042%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 GMX

What this pair did over the last

the charts below follow

Funding, last 4 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. GMX is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.8365	0.0100	pay 0.0050% / 4h	3h 51m	$5.5M	$928K	30x
Short	GMX LIT/USD [ETH-USDC]	4.8345	L +0.0427% / S −0.0217%	get 0.0027% / 1h	51m 00s	$65K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $24.58
Price spread: −0.042% → 0.000%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$3.61
Costs to cover: 0.240%
Break-even: 8.0 days

Slippage unknown: KuCoin: live order book, 7 min ago; GMX: 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	6.73 bp	28.7 bp −$29	362.2 bp −$3,622	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Orderly PERP_LIT_USDC	−0.0366%	4h	4.8291	−0.153%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0364%	1h	4.8354	−0.022%	$42K	$39K	10x	as long as short
Bullet LIT-USD	−0.0322%	1h	4.8298	−0.139%	$87K	$66K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7968	−0.822%	$608K	$349K	50x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.8233	−0.273%	$31K	$3K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0158%	4h	4.8312	−0.110%	$26.1M	$59.9M	50x	as long as short
Bybit LITUSDT	−0.0148%	4h	4.8310	−0.114%	$42.0M	$27.4M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0056%	4h	4.8090	−0.569%	$896K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8140	−0.464%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8353	−0.024%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0017%	1h	4.8132	−0.482%	$207K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.672%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.8170	−0.404%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8410	+0.093%	$60.3M	$25.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8315	−0.103%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8416	+0.105%	$218.8M	$38.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8207	−0.327%	$715K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8319	−0.095%	$77.6M	$73.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8241	−0.256%	$127K	$443K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8183	−0.377%	$120K	−$0	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8360	−0.010%	$2.8M	$4.0M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8304	−0.126%	$6.3M	$3.9M	100x	as long as short
KuCoin LITUSDTMlong	+0.0100%	4h	4.8365	long leg	$5.5M	$928K	30x
Bitget LITUSDT	+0.0100%	4h	4.8330	−0.072%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8372	+0.014%	$690K	$988K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8068	−0.615%	$294K	$302K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8080	−0.589%	$57K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8344	−0.043%	$450K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8239	−0.261%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8102	−0.544%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8355	−0.021%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8401	+0.074%	$194K	$313K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8350	−0.031%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8293	−0.149%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8317	−0.100%	$151K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8281	−0.174%	$804K	$2.3M	5x	as long as short
Lighter RH LIT	+0.0120%	1h	4.8442	+0.159%	$3.7M	$12.2M	5x	as long as short
Aster LITUSDT	+0.0316%	4h	4.8376	+0.023%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8349	−0.033%	$32K	$640K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8326	−0.081%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0427% / S −0.0217%	1h	4.8345	−0.042%	$65K	—	50x
Aftermath Perps LITUSD	+0.0471%	1h	4.8140	−0.465%	$10K	$202K	10x	as long as short