Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0425%/8h= −46.5% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against GRVT+0.075%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.075%, 7d avg −0.050%

Together, before fees−0.035%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.124% dearer against GRVT than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.050%): +$12 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.065%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LITE_USDT_Perp	961.43	0.0475	pay 0.0475% / 8h	0m 50s	$654	$225K	10x
Short	Polymarket Perps LITE-USD	962.15	0.0050	get 0.0006% / 1h	0m 50s	$33K	$493K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GRVT. 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 GRVTbpFee Polymarket PerpsbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$89.25
Price spread: +0.075% → −0.050%: $12.44
Slippage, 4 orders: −$20.08
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$113.89
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from GRVT: live order book, 12 min ago; Polymarket Perps: live order book, 12 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 GRVT live order book, 12 min ago	1.98 bp	13.8 bp −$14	45895.8 bp −$459.0K	548646.9 bp −$54.86M	doesn't fit
Sell Polymarket Perps live order book, 12 min ago	2.08 bp	6.1 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit

LITE on 27 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
Coinbase International LITE-PERP-INTX	−0.0064%	1h	960.78	−0.068%	$111K	$224K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	961.83	+0.042%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	962.16	+0.076%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	962.33	+0.094%	$3.8M	$18.1M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	962.76	+0.138%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	961.90	+0.049%	$2.8M	$3.0M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	962.30	+0.090%	$685	$4.2M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	962.03	+0.062%	$19K	$37K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	962.05	+0.064%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	962.63	+0.125%	$1.5M	$683K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LITE-USDT	+0.0027%	8h	962.18	+0.078%	$223K	$236K	20x	as long as short
QFEX LITE-USD	+0.0033%	1h	962.03	+0.062%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	961.46	+0.003%	—	$3K	10x	as long as short
Polymarket Perps LITE-USDshort	+0.0050%	1h	962.15	+0.075%	$33K	$493K	10x
Ondo Perps LITE-USD.P	+0.0050%	1h	960.73	−0.073%	$174K	$162K	10x	as long as short
Lighter LITE	+0.0064%	1h	962.55	+0.116%	$27K	$102K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	961.36	−0.007%	$518K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	962.36	+0.097%	$935	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	962.79	+0.141%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0141%	1h	962.22	+0.082%	$23K	$10K	10x	as long as short
Variational Omni LITE	+0.0309%	8h	962.19	+0.079%	$242K	$142K	—	as long as short
ApeX Omni LITEUSDT	+0.0366%	1h	961.17	−0.027%	$16K	$265K	50x	as long as short
tradeXYZ xyz:LITE	+0.0389%	1h	962.61	+0.123%	$7.2M	$5.1M	10x	as long as short
Extended LITE-USD	+0.0424%	1h	961.42	−0.001%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0425%	8h	961.87	+0.045%	$13.8M	$45.1M	25x	as long as short
edgeX LITEUSDC	+0.0435%	4h	961.16	−0.028%	$71K	$461K	10x	as long as short
GRVT LITE_USDT_Perplong	+0.0475%	8h	961.43	long leg	$654	$225K	10x