Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.025%

Price spread now: GRVT against Pacifica−0.074%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Pacifica Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 7 days−0.179%−$18 · spread now −0.074%, 7d avg −0.104%

Together, before fees−0.573%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.030% dearer against Pacifica than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.104%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LIT	4.7264	0.0100	pay 0.0013% / 1h	11m 24s	$588K	$1.7M	10x
Short	GRVT LIT_USDT_Perp	4.7229	−0.0068	pay 0.0034% / 4h	11m 24s	$905K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Pacifica. 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 PacificabpFee GRVTbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$35.28
Price spread: −0.074% → −0.104%: $3
Slippage, 4 orders: −$18.72
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$68
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; GRVT: live order book, 2 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 Pacifica live order book, 3 min ago	2.43 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.06 bp	12.6 bp −$13	55.0 bp −$550	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	−0.0820%	4h	4.7290	+0.055%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0805%	1h	4.7245	−0.040%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0544%	4h	4.7199	−0.138%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0536%	1h	4.7136	−0.271%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0347%	1h	4.7245	−0.040%	$84K	$78K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0342%	4h	4.7256	−0.017%	$25.6M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0303%	4h	4.7260	−0.008%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0176%	4h	4.7265	+0.002%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.728%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perpshort	−0.0068%	4h	4.7229	−0.074%	$905K	$1.8M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7285	+0.044%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7241	−0.048%	$32K	$852K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7281	+0.037%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7293	+0.061%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7249	−0.032%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7212	−0.110%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.642%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0036%	4h	4.7257	−0.015%	$42.6M	$30.2M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7291	+0.057%	$59.1M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7245	−0.040%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7319	+0.116%	$12.6M	$2.4M	50x	as long as short
Pacifica LITlong	+0.0100%	1h	4.7264	long leg	$588K	$1.7M	10x
Binance LITUSDT	+0.0100%	4h	4.7225	−0.082%	$75.3M	$82.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7231	−0.070%	$120K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	+0.110%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7217	−0.099%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	−0.008%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7316	+0.110%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7244	−0.042%	$287K	$309K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.051%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7261	−0.006%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7276	+0.026%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7221	−0.091%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7251	−0.028%	$989	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7251	−0.028%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7236	−0.059%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7226	−0.081%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7297	+0.069%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0198%	1h	4.7331	+0.142%	$212.3M	$45.0M	5x	as long as short
Lighter RH LIT	+0.0200%	1h	4.7312	+0.102%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7213	−0.108%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7276	+0.026%	$62K	—	50x	as long as short