Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.052%

Price spread now: gTrade (Gains Network) against Phemex+0.053%7-day average — · you sell dearer than you buy

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

Long on Phemex 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 +$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.053% dearer against Phemex than usual: you sell high and buy low: +$5 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	Phemex LITUSDT	4.6990	−0.0057	get 0.0028% / 4h	25m 04s	$1.4M	$2.8M	20x
Short	gTrade (Gains Network) LIT/USD	4.7015	L +0.0003% / S −0.0002%	get 0.0000% / 1h	25m 04s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.053%Rate

Funding earned: $12.4
Price spread: +0.053% → 0.000%: $5.26
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$4.34
Costs to cover: 0.220%
Break-even: 9.4 days

Slippage unknown: Phemex: live order book, 4 min ago; 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 Phemex live order book, 4 min ago	6.39 bp	28.3 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0432%	1h	4.6922	−0.145%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0388%	4h	4.6934	−0.119%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0265%	1h	4.6982	−0.017%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0252%	1h	4.7004	+0.030%	$41K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	−0.303%	$612K	$398K	50x	as long as short
Gate LIT_USDT	−0.0182%	4h	4.6970	−0.043%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0073%	4h	4.6984	−0.013%	$41.3M	$28.9M	75x	as long as short
Phemex LITUSDTlong	−0.0057%	4h	4.6990	long leg	$1.4M	$2.8M	20x
Extended LIT-USD	−0.0056%	1h	4.6973	−0.037%	$5.1M	$5.0M	25x	as long as short
Phoenix LIT	−0.0034%	1h	4.6980	−0.021%	$202K	$305K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.6932	−0.124%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0002%	1h	4.7015	+0.053%	$11K	—	150x
KuCoin LITUSDTM	+0.0010%	4h	4.6967	−0.049%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	+0.0011%	4h	4.6973	−0.036%	$25.3M	$61.3M	50x	as long as short
Backpack LIT_USDC_PERP	+0.0021%	1h	4.7007	+0.036%	$657K	$1.4M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.235%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0066%	1h	4.6965	−0.053%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0071%	1h	4.6975	−0.032%	$439K	$109K	10x	as long as short
Paradex LIT-USD-PERP	+0.0072%	8h	4.6896	−0.201%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6962	−0.060%	$794K	$2.1M	5x	as long as short
ApeX Omni LITUSDT	+0.0091%	1h	4.6890	−0.213%	$56K	$76K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.7040	+0.106%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7052	+0.132%	$3.7M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7051	+0.130%	$210.5M	$42.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6949	−0.087%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6977	−0.028%	$75.1M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6960	−0.064%	$117K	$458K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6983	−0.015%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6980	−0.021%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6895	−0.201%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6950	−0.085%	$903K	$1.8M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7022	+0.068%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7006	+0.034%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6999	+0.019%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.051%	$199K	$368K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6576	−0.881%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6984	−0.012%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0216%	4h	4.6978	−0.026%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0243%	1h	4.6907	−0.177%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.7007	+0.037%	$31K	$780K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6988	−0.004%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7008	+0.038%	$65K	—	50x	as long as short