Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.052%

Price spread now: gTrade (Gains Network) against Phemex+0.079%7-day average — · you sell dearer than you buy

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

Long on Phemex 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—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.079% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread 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	Phemex LITUSDT	4.6590	−0.0124	get 0.0062% / 4h	37m 52s	$1.3M	$2.8M	20x
Short	gTrade (Gains Network) LIT/USD	4.6627	L +0.0003% / S −0.0002%	get 0.0000% / 1h	37m 52s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.079%Rate

Funding earned: $26.62
Price spread: +0.079% → 0.000%: $7.9
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $12.52
Costs to cover: 0.220%
Break-even: 3.7 days

Slippage unknown: Phemex: live order book, 6 min ago; 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 Phemex live order book, 6 min ago	2.14 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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
01 Exchange LITUSD	−0.0520%	1h	4.6538	−0.112%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6543	−0.101%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0288%	1h	4.6604	+0.029%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0270%	1h	4.6609	+0.041%	$83K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0247%	1h	4.6617	+0.058%	$658K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6580	−0.021%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.553%	$612K	$404K	50x	as long as short
Phemex LITUSDTlong	−0.0124%	4h	4.6590	long leg	$1.3M	$2.8M	20x
Extended LIT-USD	−0.0096%	1h	4.6553	−0.079%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0053%	1h	4.6569	−0.046%	$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	4.6718	+0.275%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0032%	4h	4.6545	−0.097%	$41.0M	$28.8M	75x	as long as short
KuCoin LITUSDTM	−0.0012%	4h	4.6563	−0.058%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0003%	4h	4.6549	−0.088%	$25.0M	$61.1M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6602	+0.025%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0002%	1h	4.6627	+0.079%	$11K	—	150x
ApeX Omni LITUSDT	+0.0032%	1h	4.6640	+0.107%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+3.112%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0054%	1h	4.6618	+0.060%	$436K	$110K	10x	as long as short
Paradex LIT-USD-PERP	+0.0066%	8h	4.6557	−0.071%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6611	+0.046%	$777K	$2.1M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0074%	4h	4.6661	+0.152%	$906K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6637	+0.101%	$58.1M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6652	+0.133%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6607	+0.036%	$208.5M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6585	−0.011%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6550	−0.087%	$74.4M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6717	+0.273%	$121K	$450K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6564	−0.056%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6580	−0.021%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6641	+0.110%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6616	+0.056%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6612	+0.047%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6600	+0.021%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6617	+0.058%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	+0.076%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6581	−0.019%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0181%	4h	4.6636	+0.099%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0242%	1h	4.6677	+0.186%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6628	+0.082%	$31K	$789K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6557	−0.071%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6627	+0.079%	$62K	—	50x	as long as short