Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Binance against gTrade (Gains Network)−0.249%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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

Funding pays, the price is against you. Binance is 0.249% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.249% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 8.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7428	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	18m 44s	$35K	—	150x
Short	Binance LITUSDT	4.7310	0.0100	get 0.0050% / 4h	18m 44s	$75.4M	$81.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.249%Rate

Funding earned: $20.34
Price spread: −0.249% → 0.000%: −$24.86
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.52
Costs to cover: 0.200%
Break-even: 15.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 9 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.10 bp	16.0 bp −$16	36.1 bp −$361	doesn't fit	doesn't fit

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
Gate LIT_USDT	−0.0826%	4h	4.7370	−0.122%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0557%	4h	4.7336	−0.194%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7341	−0.183%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0467%	1h	4.7400	−0.059%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0370%	4h	4.7332	−0.202%	$25.7M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0324%	1h	4.7368	−0.126%	$85K	$80K	20x	as long as short
Phemex LITUSDT	−0.0305%	4h	4.7370	−0.122%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0190%	4h	4.7351	−0.162%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.380%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0090%	4h	4.7310	−0.249%	$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	4.7392	−0.076%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7374	−0.113%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7353	−0.158%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0003%	1h	4.7428	long leg	$35K	—	150x
RISEx LIT/USDC	+0.0012%	1h	4.7377	−0.107%	$819K	$2.1M	5x	as long as short
Bybit LITUSDT	+0.0015%	4h	4.7352	−0.160%	$42.6M	$30.1M	75x	as long as short
Paradex LIT-USD-PERP	+0.0028%	8h	4.7328	−0.210%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.291%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0095%	4h	4.7260	−0.354%	$288K	$310K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7398	−0.063%	$59.6M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7325	−0.217%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7402	−0.055%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7354	−0.155%	$589K	$1.7M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7310	−0.249%	$75.4M	$81.6M	75x
Arcus LIT-USD	+0.0100%	1h	4.7360	−0.143%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	−0.236%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7330	−0.206%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7360	−0.143%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7394	−0.071%	$682K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7320	−0.228%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7355	−0.154%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7419	−0.018%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7328	−0.211%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7395	−0.069%	$982	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7402	−0.055%	$189K	$343K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7336	−0.194%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7347	−0.172%	$148K	$44K	3x	as long as short
Hyperliquid LIT	+0.0199%	1h	4.7416	−0.025%	$212.6M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0227%	1h	4.7415	−0.027%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7420	−0.017%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7386	−0.088%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7415	−0.026%	$62K	—	50x	as long as short