Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.090%

Price spread now: Bitget against GMX+0.059%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.059% dearer against GMX than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.6662	L +0.0418% / S −0.0217%	pay 0.0052% / 1h	41m 15s	$62K	—	50x
Short	Bitget LITUSDT	4.6690	0.0100	get 0.0050% / 4h	41m 15s	$6.7M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$66.79
Price spread: +0.059% → 0.000%: $5.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.85
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.14 bp	19.0 bp −$19	81.7 bp −$817	doesn't fit	doesn't fit

GMX: 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	−0.0512%	1h	4.6570	−0.198%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6582	−0.172%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0283%	1h	4.6651	−0.024%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0264%	1h	4.6696	+0.072%	$659K	$1.4M	5x	as long as short
Bullet LIT-USD	−0.0253%	1h	4.6626	−0.078%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6700	+0.081%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.397%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0133%	4h	4.6640	−0.048%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0064%	1h	4.6628	−0.074%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6615	−0.101%	$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	4.6711	+0.104%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0029%	4h	4.6680	+0.038%	$41.1M	$28.7M	75x	as long as short
KuCoin LITUSDTM	−0.0020%	4h	4.6670	+0.017%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0001%	4h	4.6691	+0.062%	$25.1M	$61.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6661	−0.002%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6675	+0.027%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0026%	1h	4.6660	−0.005%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.953%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.6634	−0.061%	$436K	$109K	10x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6599	−0.136%	$6K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6672	+0.020%	$904K	$1.8M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6648	−0.030%	$778K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6721	+0.126%	$58.2M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6737	+0.160%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6722	+0.128%	$209.0M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6636	−0.056%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6653	−0.020%	$74.6M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6712	+0.107%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6645	−0.037%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.6690	+0.059%	$6.7M	$2.6M	20x
edgeX LITUSDC	+0.0100%	4h	4.6641	−0.045%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6670	+0.016%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6656	−0.013%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6645	−0.037%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6660	−0.005%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.079%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6648	−0.031%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6696	+0.072%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0230%	1h	4.6704	+0.090%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6668	+0.012%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6649	−0.028%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0418% / S −0.0217%	1h	4.6662	long leg	$62K	—	50x