Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.067%

Price spread now: Perpl against gTrade (Gains Network)−0.051%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 Perpl

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 airdropPerpl: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Perpl is 0.051% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7590	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	4m 28s	$35K	—	150x
Short	Perpl LIT	4.7566	0	get 0.0000% / 43m	17m 28s	$31K	$840K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$0.66
Price spread: −0.051% → 0.000%: −$5.11
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$29.57
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Perpl: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Perpl: 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	−0.1146%	4h	4.7610	+0.041%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0841%	1h	4.7536	−0.115%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0632%	4h	4.7480	−0.232%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0611%	1h	4.7579	−0.024%	$666K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7553	−0.079%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0512%	4h	4.7510	−0.169%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0464%	4h	4.7583	−0.016%	$25.7M	$63.6M	50x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7542	−0.102%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0283%	1h	4.7430	−0.337%	$11K	$202K	10x	as long as short
KuCoin LITUSDTM	−0.0246%	4h	4.7574	−0.034%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0235%	4h	4.7600	+0.020%	$42.9M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7670	+0.167%	$674K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7430	−0.337%	$903K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7629	+0.081%	$813K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7409	−0.381%	$205K	$327K	5x	as long as short
Nado LIT-PERP	−0.0015%	1h	4.7587	−0.008%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7633	+0.090%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7566	−0.051%	$31K	$840K	33x
Paradex LIT-USD-PERP	+0.0003%	8h	4.7579	−0.024%	$7K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0003%	1h	4.7590	long leg	$35K	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.945%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7573	−0.037%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7572	−0.039%	$75.7M	$81.0M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7444	−0.308%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7538	−0.110%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7609	+0.039%	$59.9M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7630	+0.083%	$212.9M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7623	+0.069%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7622	+0.066%	$617K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7596	+0.012%	$119K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.408%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7610	+0.041%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	−0.190%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7602	+0.024%	$450K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7577	−0.028%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7559	−0.066%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7545	−0.095%	$998	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7685	+0.199%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7586	−0.010%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7626	+0.075%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0223%	4h	4.7505	−0.179%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7586	−0.010%	$62K	—	50x	as long as short