Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.067%

Price spread now: gTrade (Gains Network) against Perpl+0.055%7-day average — · you sell dearer than you buy

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

Long on Perpl 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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.055% dearer against Perpl than usual: you sell high and buy low, +$5 on $10k if it 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	Perpl LIT	4.7336	0	get 0.0000% / 43m	0m 33s	$31K	$854K	33x
Short	gTrade (Gains Network) LIT/USD	4.7362	L +0.0003% / S −0.0003%	get 0.0000% / 1h	4m 33s	$35K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Perpl. 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 PerplbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.055%Rate

Funding earned: $0.55
Price spread: +0.055% → 0.000%: $5.45
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$17.8
Costs to cover: 0.238%
Break-even: 235.2 days

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

Perpl 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
Deribit LIT_USDC-PERPETUAL	−0.0824%	1h	4.7326	−0.021%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0814%	4h	4.7420	+0.177%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7280	−0.119%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0540%	4h	4.7255	−0.171%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7310	−0.055%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0333%	4h	4.7378	+0.089%	$25.7M	$64.1M	50x	as long as short
Phemex LITUSDT	−0.0301%	4h	4.7310	−0.055%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0156%	4h	4.7369	+0.070%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.575%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7370	+0.072%	$907K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7386	+0.105%	$205K	$353K	5x	as long as short
Perpl LITlong	0.0000%	43m	4.7336	long leg	$31K	$854K	33x
dYdX LIT-USD	0.0000%	1h	4.7403	+0.142%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0003%	1h	4.7362	+0.055%	$35K	—	150x
RISEx LIT/USDC	+0.0012%	1h	4.7403	+0.141%	$804K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.487%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0034%	8h	4.7372	+0.075%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0046%	4h	4.7373	+0.078%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0082%	1h	4.7357	+0.044%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7443	+0.226%	$59.3M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7365	+0.061%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7420	+0.177%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7411	+0.158%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7360	+0.050%	$75.5M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7404	+0.143%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.096%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7352	+0.034%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7410	+0.156%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	−0.024%	$288K	$310K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7380	+0.093%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7324	−0.026%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7366	+0.063%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7218	−0.249%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	−0.002%	$999	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7287	−0.104%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7376	+0.084%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7349	+0.027%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7459	+0.260%	$3.7M	$14.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7360	+0.051%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0197%	1h	4.7464	+0.270%	$212.8M	$45.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7295	−0.087%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7352	+0.033%	$63K	—	50x	as long as short