Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0596%/8h= +65.2% APRpaid last 24h +0.101%

Price spread now: GMX against Phemex+0.276%52s7-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 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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and GMX is 0.276% dearer against Phemex than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7380	−0.0440	get 0.0220% / 4h	2h 31m	$1.3M	$2.7M	20x
Short	GMX LIT/USD [ETH-USDC]	4.7511	L +0.0359% / S −0.0155%	get 0.0019% / 1h	31m 20s	$60K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.276%Rate

Funding earned: $125.1
Price spread: +0.276% → 0.000%: $27.63
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $128.73
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Phemex: 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 Phemex live order book, 2 min ago	6.34 bp	27.8 bp −$28	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0913%	1h	4.7480	+0.210%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0696%	4h	4.7480	+0.211%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0595%	4h	4.7424	+0.093%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7456	+0.160%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0454%	1h	4.7397	+0.036%	$666K	$1.5M	5x	as long as short
Phemex LITUSDTlong	−0.0440%	4h	4.7380	long leg	$1.3M	$2.7M	20x
Bullet LIT-USD	−0.0380%	1h	4.7464	+0.178%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0304%	4h	4.7465	+0.179%	$25.0M	$61.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0304%	4h	4.7340	−0.085%	$891K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0301%	4h	4.7490	+0.232%	$43.0M	$30.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0300%	4h	4.7452	+0.152%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7487	+0.225%	$657K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7438	+0.122%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0031%	8h	4.7462	+0.174%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0024%	1h	4.7466	+0.182%	$993	$487K	5x	as long as short
Extended LIT-USD	−0.0024%	1h	4.7460	+0.170%	$5.2M	$5.1M	25x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7555	+0.370%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7515	+0.284%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7498	+0.248%	$817K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7482	+0.215%	$448K	$105K	10x	as long as short
edgeX LITUSDC	+0.0026%	4h	4.7394	+0.029%	$288K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0030%	4h	4.7454	+0.156%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0031%	4h	4.7447	+0.141%	$75.0M	$81.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.393%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0037%	1h	4.7479	+0.209%	$119K	$6K	10x	as long as short
Nado LIT-PERP	+0.0045%	1h	4.7495	+0.243%	$2.1M	$1.7M	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7462	+0.174%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7561	+0.382%	$59.6M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7520	+0.295%	$211.1M	$44.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7550	+0.359%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7490	+0.233%	$586K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7475	+0.201%	$117K	$447K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7510	+0.274%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7430	+0.106%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7528	+0.311%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7509	+0.272%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7391	+0.023%	$190K	$329K	30x	as long as short
BloFin LIT-USDT	+0.0106%	4h	4.7380	0.000%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0112%	43m	4.7495	+0.242%	$31K	$841K	33x	as long as short
Aftermath Perps LITUSD	+0.0182%	1h	4.7421	+0.087%	$12K	$199K	10x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0359% / S −0.0155%	1h	4.7511	+0.276%	$60K	—	50x
Lighter RH LIT	+0.0392%	1h	4.7585	+0.433%	$3.7M	$14.2M	5x	as long as short