Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)−0.822%68s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.822% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.822% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$82 on $10k: about 28 days of funding at the current rate (+$3 a day). The two prices were read 68 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	4.8404	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	32m 09s	$36K	—	150x
Short	edgeX LITUSDC	4.8006	0.0100	get 0.0050% / 4h	3h 32m	$292K	$311K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.822%Rate

Funding earned: $20.34
Price spread: −0.822% → 0.000%: −$82.18
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$80.84
Costs to cover: 0.190%
Break-even: 34.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; edgeX: live order book, 16 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 edgeX live order book, 16 min ago	5.23 bp	10.7 bp −$11	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0741%	1h	4.8400	−0.008%	$42K	$40K	10x	as long as short
Phemex LITUSDT	−0.0598%	4h	4.8350	−0.112%	$1.3M	$2.7M	20x	as long as short
Orderly PERP_LIT_USDC	−0.0522%	4h	4.8330	−0.153%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0520%	1h	4.8347	−0.118%	$34K	$5K	5x	as long as short
Bullet LIT-USD	−0.0342%	1h	4.8359	−0.094%	$87K	$79K	20x	as long as short
ApeX Omni LITUSDT	−0.0288%	1h	4.8090	−0.649%	$56K	$81K	50x	as long as short
KuCoin LITUSDTM	−0.0284%	4h	4.8370	−0.070%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0246%	4h	4.8368	−0.075%	$25.8M	$60.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0168%	4h	4.8180	−0.463%	$909K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0112%	1h	4.8332	−0.149%	$667K	$407K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0067%	1h	4.8225	−0.370%	$250K	$321K	5x	as long as short
Bybit LITUSDT	−0.0029%	4h	4.8390	−0.029%	$43.9M	$29.8M	75x	as long as short
Injective LIT/USDC PERP	−0.0004%	1h	4.8040	−0.752%	$422	$178K	5.5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8399	−0.010%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0003%	1h	4.8404	long leg	$36K	—	150x
Paradex LIT-USD-PERP	+0.0005%	8h	4.8350	−0.112%	$5K	$1K	5x	as long as short
Aftermath Perps LITUSD	+0.0011%	1h	4.8143	−0.539%	$11K	$199K	10x	as long as short
RISEx LIT/USDC	+0.0014%	1h	4.8427	+0.048%	$844K	$2.0M	5x	as long as short
SoDEX LIT-USD	+0.0016%	1h	4.8397	−0.015%	$1K	$475K	5x	as long as short
Bulk LIT-USD	+0.0057%	1h	4.8343	−0.126%	$121K	$7K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8350	−0.112%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8445	+0.083%	$215.2M	$44.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8408	+0.008%	$608K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8338	−0.137%	$76.1M	$80.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8372	−0.066%	$119K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8370	−0.070%	$2.9M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8355	−0.101%	$6.3M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8420	+0.033%	$6.9M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8428	+0.049%	$672K	$1.5M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.8006	−0.822%	$292K	$311K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.8401	−0.006%	$457K	$106K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8428	+0.050%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8357	−0.097%	$5K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8317	−0.180%	$192K	$328K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8378	−0.053%	$5.3M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8364	−0.082%	$151K	$44K	3x	as long as short
Aster LITUSDT	+0.0169%	4h	4.8431	+0.056%	$12.9M	$2.5M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8317	−0.180%	$1.6M	$2.1M	75x	as long as short
Lighter RH LIT	+0.0424%	1h	4.8487	+0.171%	$3.8M	$13.8M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0428% / S −0.0232%	1h	4.8403	−0.003%	$61K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8393	−0.023%	$32K	$841K	33x	as long as short
Lighter LIT	+0.0512%	1h	4.8486	+0.169%	$60.6M	$29.4M	5x	as long as short