Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.134%

Price spread now: KuCoin against GMX+0.099%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 KuCoin

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. KuCoin is 0.099% dearer against GMX than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.7134	L +0.0436% / S −0.0231%	pay 0.0055% / 1h	17m 46s	$65K	—	50x
Short	KuCoin LITUSDTM	4.7181	0.0004	get 0.0002% / 4h	3h 17m	$5.3M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$90.81
Price spread: +0.099% → 0.000%: $9.92
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	5.86 bp	22.7 bp −$23	135.2 bp −$1,352	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
Deribit LIT_USDC-PERPETUAL	−0.0495%	1h	4.7099	−0.074%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.7049	−0.181%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.547%	$607K	$357K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7053	−0.172%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0296%	1h	4.7101	−0.070%	$84K	$67K	20x	as long as short
Phemex LITUSDT	−0.0191%	4h	4.7130	−0.009%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0113%	4h	4.7200	+0.139%	$41.2M	$28.8M	75x	as long as short
ApeX Omni LITUSDT	−0.0065%	1h	4.7060	−0.158%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0058%	4h	4.7191	+0.120%	$25.4M	$60.9M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7001	−0.283%	$202K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7108	−0.055%	$795K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7251	+0.249%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7128	−0.012%	$31K	$742K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7138	+0.008%	$11K	—	150x	as long as short
KuCoin LITUSDTMshort	+0.0004%	4h	4.7181	+0.099%	$5.3M	$1.0M	30x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.922%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0079%	1h	4.7076	−0.124%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7040	−0.201%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7256	+0.258%	$58.9M	$28.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7277	+0.303%	$211.1M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7123	−0.024%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7177	+0.091%	$75.7M	$78.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7094	−0.085%	$118K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7190	+0.118%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7174	+0.084%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7240	+0.224%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7176	+0.089%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7070	−0.137%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7063	−0.152%	$903K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7116	−0.039%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7127	−0.014%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7063	−0.151%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7105	−0.062%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7120	−0.030%	$199K	$359K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.412%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7165	+0.064%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7071	−0.134%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7267	+0.282%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7255	+0.256%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7034	−0.213%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0359%	1h	4.7130	−0.009%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0436% / S −0.0231%	1h	4.7134	long leg	$65K	—	50x