Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.023%

Price spread now: GMX against Aster−0.052%51s7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.052% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Aster LITUSDT	4.7444	0.0261	pay 0.0130% / 4h	3h 51m	$12.7M	$1.9M	50x
Short	GMX LIT/USD [ETH-USDC]	4.7419	L +0.0437% / S −0.0231%	get 0.0029% / 1h	51m 34s	$66K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$6.25
Price spread: −0.052% → 0.000%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$31.48
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; GMX: 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 Aster live order book, 2 min ago	2.96 bp	9.8 bp −$10	22.3 bp −$223	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Orderly PERP_LIT_USDC	−0.0387%	4h	4.7357	−0.183%	$32K	$1K	10x	as long as short
Nado LIT-PERP	−0.0319%	1h	4.7350	−0.198%	$2.2M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−1.138%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0208%	1h	4.7362	−0.173%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0183%	1h	4.7389	−0.115%	$85K	$68K	20x	as long as short
ApeX Omni LITUSDT	−0.0157%	1h	4.7340	−0.219%	$57K	$76K	50x	as long as short
Phemex LITUSDT	−0.0150%	4h	4.7390	−0.114%	$1.4M	$2.9M	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0136%	1h	4.7410	−0.072%	$42K	$40K	10x	as long as short
Bybit LITUSDT	−0.0133%	4h	4.7337	−0.226%	$41.5M	$29.1M	75x	as long as short
Phoenix LIT	−0.0017%	1h	4.7264	−0.379%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	−0.0010%	4h	4.7353	−0.192%	$25.5M	$61.7M	50x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7370	−0.156%	$814K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7411	−0.069%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7418	−0.056%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0004%	4h	4.7398	−0.097%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.256%	$422	$178K	5.5x	as long as short
Aftermath Perps LITUSD	+0.0049%	1h	4.7198	−0.518%	$9K	$205K	10x	as long as short
Paradex LIT-USD-PERP	+0.0072%	8h	4.7333	−0.235%	$7K	$2K	5x	as long as short
Extended LIT-USD	+0.0080%	1h	4.7322	−0.258%	$5.2M	$5.0M	25x	as long as short
Lighter LIT	+0.0096%	1h	4.7463	+0.040%	$59.3M	$28.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7487	+0.091%	$212.0M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7373	−0.149%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7344	−0.212%	$75.9M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7365	−0.167%	$118K	$451K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7410	−0.072%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7357	−0.183%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	−0.156%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7445	+0.002%	$665K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7238	−0.434%	$289K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7416	−0.060%	$918K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7418	−0.055%	$443K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7436	−0.017%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7419	−0.053%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7416	−0.059%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7335	−0.230%	$200K	$360K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7192	−0.532%	$118K	$8K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7411	−0.069%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7437	−0.014%	$31K	$762K	33x	as long as short
Aster LITUSDTlong	+0.0261%	4h	4.7444	long leg	$12.7M	$1.9M	50x
BloFin LIT-USDT	+0.0340%	4h	4.7370	−0.156%	$1.6M	$1.9M	75x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7489	+0.095%	$3.8M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0437% / S −0.0231%	1h	4.7419	−0.052%	$66K	—	50x