Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0373%/8h= +40.9% APRpaid last 24h +0.121%

Price spread now: GMX against OKX−0.049%7-day average — · you buy dearer than you sell

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

Long on OKX Short on GMX

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. GMX is 0.049% cheaper against OKX than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7961	−0.0142	get 0.0071% / 4h	2h 22m	$25.7M	$61.5M	50x
Short	GMX LIT/USD [ETH-USDC]	4.7937	L +0.0442% / S −0.0231%	get 0.0029% / 1h	22m 14s	$66K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $78.38
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $51.48
Costs to cover: 0.220%
Break-even: 2.4 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	0.10 bp	12.2 bp −$12	25.2 bp −$252	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−1.378%	$612K	$347K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0358%	4h	4.7884	−0.161%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0313%	1h	4.7931	−0.062%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0240%	1h	4.7935	−0.054%	$31K	$4K	5x	as long as short
Phemex LITUSDT	−0.0235%	4h	4.7920	−0.085%	$1.4M	$2.8M	20x	as long as short
Bullet LIT-USD	−0.0176%	1h	4.7902	−0.123%	$86K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0150%	4h	4.7721	−0.500%	$881K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAPlong	−0.0142%	4h	4.7961	long leg	$25.7M	$61.5M	50x
Phoenix LIT	−0.0017%	1h	4.7786	−0.365%	$206K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7931	−0.062%	$827K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0010%	4h	4.7950	−0.023%	$41.7M	$28.6M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7902	−0.122%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7941	−0.042%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0032%	4h	4.7929	−0.067%	$5.4M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.165%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7834	−0.264%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7982	+0.044%	$59.8M	$27.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7889	−0.149%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7883	−0.163%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7932	−0.060%	$77.0M	$76.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7937	−0.050%	$119K	$461K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−0.289%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7920	−0.085%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7926	−0.073%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	−0.023%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7853	−0.225%	$670K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7814	−0.306%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7810	−0.315%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7941	−0.042%	$450K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7958	−0.007%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7888	−0.152%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7940	−0.044%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7893	−0.142%	$199K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7916	−0.093%	$5.3M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7908	−0.111%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0127%	1h	4.8011	+0.104%	$215.1M	$40.1M	5x	as long as short
Lighter RH LIT	+0.0208%	1h	4.8007	+0.096%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0220%	4h	4.8007	+0.096%	$12.8M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0331%	1h	4.7750	−0.439%	$8K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7764	−0.411%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0442% / S −0.0231%	1h	4.7937	−0.049%	$66K	—	50x
Perpl LIT	+0.0447%	43m	4.7915	−0.095%	$32K	$683K	33x	as long as short