Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:40 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.078%

Price spread now: gTrade (Gains Network) against Perpl+0.014%7-day average — · you sell dearer than you buy

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

Long on Perpl Short on gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7861	0.0447	pay 0.0040% / 43m	5m 39s	$32K	$664K	33x
Short	gTrade (Gains Network) LIT/USD	4.7867	L +0.0003% / S −0.0002%	get 0.0000% / 1h	59m 39s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Perpl. 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 PerplbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.014%Rate

Funding earned: −$93.26
Price spread: +0.014% → 0.000%: $1.42
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$115.64
Costs to cover: 0.238%
Break-even: never at this rate

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

Perpl and 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	−0.0534%	1h	4.7817	−0.092%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.169%	$605K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0408%	1h	4.7761	−0.208%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7759	−0.212%	$33K	$1K	10x	as long as short
Bullet LIT-USD	−0.0197%	1h	4.7818	−0.089%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0137%	4h	4.7792	−0.144%	$25.7M	$60.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7770	−0.190%	$884K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7841	−0.041%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0002%	1h	4.7867	+0.014%	$11K	—	150x
Bybit LITUSDT	+0.0033%	4h	4.7790	−0.148%	$41.4M	$28.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7845	−0.033%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.375%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0036%	1h	4.7846	−0.031%	$675K	$941K	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7791	−0.147%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7867	+0.013%	$59.5M	$26.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7796	−0.136%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7831	−0.062%	$768K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7778	−0.173%	$76.6M	$75.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7825	−0.075%	$126K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7741	−0.250%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7840	−0.043%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7786	−0.156%	$5.8M	$3.8M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7853	−0.016%	$5.5M	$984K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7820	−0.085%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7753	−0.224%	$292K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7740	−0.252%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7821	−0.083%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	−0.049%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7774	−0.181%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7826	−0.073%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7861	+0.001%	$199K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7810	−0.106%	$1.4M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7777	−0.176%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7804	−0.119%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7843	−0.036%	$797K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0189%	4h	4.7845	−0.033%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0211%	1h	4.7877	+0.034%	$216.0M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7763	−0.204%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7874	+0.028%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0424%	1h	4.7860	−0.002%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7858	−0.005%	$64K	—	50x	as long as short
Perpl LITlong	+0.0447%	43m	4.7861	long leg	$32K	$664K	33x