Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0471%/8h= +51.6% APRpaid last 24h +0.131%

Price spread now: gTrade (Gains Network) against Orderly+0.187%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and gTrade (Gains Network) is 0.187% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7213	−0.0472	get 0.0236% / 4h	2h 49m	$32K	$2K	10x
Short	gTrade (Gains Network) LIT/USD	4.7301	L +0.0003% / S 0.0000%	pay 0.0000% / 1h	49m 48s	$473	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.187%Rate

Funding earned: $98.99
Price spread: +0.187% → 0.000%: $18.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $101.72
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and 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
01 Exchange LITUSD	−0.0584%	1h	4.7184	−0.061%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0472%	4h	4.7213	long leg	$32K	$2K	10x
Bullet LIT-USD	−0.0420%	1h	4.7263	+0.105%	$85K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0409%	1h	4.7281	+0.144%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0268%	1h	4.7243	+0.064%	$685K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0176%	4h	4.7249	+0.076%	$25.7M	$64.1M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.676%	$899K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7216	+0.006%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0122%	4h	4.7240	+0.057%	$2.8M	$4.2M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.710%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	−0.009%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7293	+0.170%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S 0.0000%	1h	4.7301	+0.187%	$473	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.752%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.7197	−0.035%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7259	+0.096%	$787K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7255	+0.089%	$59.2M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.656%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7213	0.000%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7324	+0.235%	$212.1M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7247	+0.072%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7256	+0.091%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7204	−0.019%	$75.4M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7240	+0.057%	$42.5M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7227	+0.030%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7223	+0.021%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7270	+0.121%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.784%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6890	−0.684%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7234	+0.044%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7300	+0.185%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7290	+0.163%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7286	+0.155%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7065	−0.313%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7220	+0.015%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7214	+0.002%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7246	+0.069%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7299	+0.182%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0322%	1h	4.7108	−0.222%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7113	−0.212%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0403% / S −0.0194%	1h	4.7309	+0.202%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7277	+0.136%	$31K	$860K	33x	as long as short