Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.101%

Price spread now: BloFin against gTrade (Gains Network)−0.150%50s7-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 BloFin

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. BloFin is 0.150% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 36 hours of funding at the current rate (+$10 a day). The two prices were read 50 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	gTrade (Gains Network) LIT/USD	4.6627	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	38m 07s	$11K	—	150x
Short	BloFin LIT-USDT	4.6557	0.0340	get 0.0170% / 4h	38m 07s	$1.5M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.150%Rate

Funding earned: $70.74
Price spread: −0.150% → 0.000%: −$14.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.77
Costs to cover: 0.220%
Break-even: 3.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.11 bp	9.3 bp −$9	19.6 bp −$196	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
01 Exchange LITUSD	−0.0520%	1h	4.6538	−0.190%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6543	−0.180%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0288%	1h	4.6604	−0.050%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0270%	1h	4.6609	−0.038%	$83K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0247%	1h	4.6617	−0.021%	$658K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6600	−0.057%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.473%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0124%	4h	4.6590	−0.079%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0096%	1h	4.6582	−0.096%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0053%	1h	4.6569	−0.125%	$2.1M	$1.7M	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	−0.0034%	1h	4.6718	+0.196%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0032%	4h	4.6577	−0.107%	$41.0M	$28.8M	75x	as long as short
KuCoin LITUSDTM	−0.0012%	4h	4.6570	−0.122%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0003%	4h	4.6604	−0.049%	$25.0M	$61.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6602	−0.054%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.6627	long leg	$11K	—	150x
ApeX Omni LITUSDT	+0.0032%	1h	4.6640	+0.028%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+3.031%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0054%	1h	4.6618	−0.019%	$436K	$110K	10x	as long as short
Paradex LIT-USD-PERP	+0.0066%	8h	4.6557	−0.149%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6611	−0.033%	$777K	$2.1M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0074%	4h	4.6661	+0.073%	$906K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6637	+0.022%	$58.1M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6652	+0.054%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6645	+0.039%	$208.6M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6585	−0.090%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6580	−0.100%	$74.5M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6717	+0.193%	$121K	$450K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6575	−0.111%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6590	−0.079%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6641	+0.031%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6616	−0.023%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6612	−0.032%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6600	−0.057%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6617	−0.021%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.003%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6581	−0.098%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0181%	4h	4.6636	+0.020%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0242%	1h	4.6677	+0.107%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6628	+0.003%	$31K	$789K	33x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.6557	−0.150%	$1.5M	$1.9M	75x
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6627	0.000%	$62K	—	50x	as long as short