Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0507%/8h= −55.5% APRpaid last 24h −0.108%

Price spread now: Gate against Aftermath Perps+0.245%7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.428%−$43 on $10k

Price spread, last 4 days (all we have)−1.832%−$183 · spread now +0.245%, 7d avg −0.089%

Together, before fees−2.259%−$226 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.335% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.245% now, against its 7-day average of −0.089%): +$33 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LITUSD	4.8022	0.0461	pay 0.0058% / 1h	19m 34s	$9K	$196K	10x
Short	Gate LIT_USDT	4.8140	−0.0046	pay 0.0023% / 4h	3h 19m	$2.8M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.245%Rate

Funding earned: −$106.42
Price spread: +0.245% → −0.089%: $33.46
Slippage, 4 orders: −$92.6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$189.56
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 15 min ago; Gate: live order book, 4 min ago.

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 Aftermath Perps live order book, 15 min ago	4.02 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.08 bp	28.9 bp −$29	72.7 bp −$727	doesn't fit	doesn't fit

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	−0.0586%	1h	4.8031	+0.017%	$42K	$39K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.8051	+0.060%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0378%	4h	4.7972	−0.105%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7913	−0.227%	$607K	$336K	50x	as long as short
Bullet LIT-USD	−0.0229%	1h	4.8022	0.000%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0151%	4h	4.8049	+0.056%	$26.0M	$58.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0126%	4h	4.8068	+0.095%	$894K	$2.0M	10x	as long as short
Gate LIT_USDTshort	−0.0046%	4h	4.8140	+0.245%	$2.8M	$4.0M	50x
Backpack LIT_USDC_PERP	−0.0044%	1h	4.8062	+0.083%	$685K	$984K	5x	as long as short
ApeX Omni LITUSDT	−0.0015%	1h	4.8090	+0.141%	$57K	$75K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8133	+0.230%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8049	+0.056%	$36K	—	150x	as long as short
Bybit LITUSDT	+0.0006%	4h	4.8054	+0.066%	$41.7M	$26.8M	75x	as long as short
Phoenix LIT	+0.0017%	1h	4.7914	−0.225%	$206K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.037%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0061%	1h	4.8065	+0.090%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.8104	+0.170%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8187	+0.343%	$60.0M	$26.2M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8189	+0.347%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8191	+0.351%	$217.4M	$37.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8120	+0.204%	$652K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8065	+0.089%	$77.3M	$72.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8069	+0.097%	$127K	$417K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8095	+0.152%	$6.3M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8137	+0.239%	$5.5M	$854K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8140	+0.245%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8062	+0.083%	$295K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8035	+0.027%	$447K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7720	−0.630%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8019	−0.007%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8048	+0.054%	$1K	$334K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8111	+0.185%	$193K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8020	−0.005%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7738	−0.592%	$121K	$2K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8074	+0.107%	$5.0M	$5.5M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8032	+0.021%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8102	+0.165%	$801K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0313%	4h	4.8140	+0.245%	$12.9M	$1.9M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8080	+0.121%	$32K	$625K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8090	+0.141%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.8043	+0.043%	$64K	—	50x	as long as short
Aftermath Perps LITUSDlong	+0.0461%	1h	4.8022	long leg	$9K	$196K	10x