Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0678%/8h= −74.2% APRpaid last 24h −0.193%

Price spread now: OKX against GMX−0.132%52s7-day average — · you buy dearer than you sell

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

Long on GMX Short on OKX

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

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and OKX is 0.132% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	GMX LIT/USD [ETH-USDC]	4.7224	L +0.0382% / S −0.0174%	pay 0.0048% / 1h	51m 35s	$62K	—	50x
Short	OKX LIT-USDT-SWAP	4.7162	−0.0296	pay 0.0148% / 4h	3h 51m	$25.6M	$63.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$142.29
Price spread: −0.132% → 0.000%: −$13.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$177.44
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.32 bp	11.0 bp −$11	25.6 bp −$256	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
Gate LIT_USDT	−0.0826%	4h	4.7180	−0.093%	$2.8M	$4.4M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0741%	1h	4.7160	−0.136%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0528%	4h	4.7135	−0.189%	$32K	$2K	10x	as long as short
ApeX Omni LITUSDT	−0.0508%	1h	4.7130	−0.199%	$55K	$77K	50x	as long as short
01 Exchange LITUSD	−0.0504%	1h	4.7138	−0.182%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAPshort	−0.0296%	4h	4.7162	−0.132%	$25.6M	$63.7M	50x
Bullet LIT-USD	−0.0282%	1h	4.7189	−0.074%	$84K	$77K	20x	as long as short
KuCoin LITUSDTM	−0.0172%	4h	4.7186	−0.081%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7414	+0.401%	$670K	$402K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0055%	1h	4.7155	−0.146%	$679K	$1.4M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0042%	4h	4.7160	−0.136%	$903K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7174	−0.106%	$204K	$361K	5x	as long as short
Phemex LITUSDT	−0.0010%	4h	4.7120	−0.220%	$1.4M	$2.7M	20x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7142	−0.173%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7218	−0.012%	$31K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7233	+0.020%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7132	−0.196%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.728%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0082%	1h	4.7155	−0.146%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7216	−0.017%	$59.0M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7226	+0.003%	$211.8M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7207	−0.037%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7168	−0.119%	$586K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7130	−0.200%	$75.2M	$81.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7140	−0.178%	$42.5M	$30.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7175	−0.104%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7190	−0.072%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7120	−0.220%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7190	−0.072%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7133	−0.193%	$287K	$310K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7203	−0.045%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7195	−0.062%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7163	−0.129%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7155	−0.146%	$993	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7244	+0.042%	$188K	$347K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7237	+0.027%	$3.7M	$13.6M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7145	−0.167%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7274	+0.107%	$148K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7191	−0.071%	$795K	$2.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0264%	1h	4.7261	+0.078%	$12K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7149	−0.159%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0382% / S −0.0174%	1h	4.7224	long leg	$62K	—	50x