Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bitget−0.225%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.225% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.6780	0.0100	pay 0.0050% / 4h	40m 51s	$6.7M	$2.6M	20x
Short	gTrade (Gains Network) LIT/USD	4.6675	L +0.0003% / S −0.0002%	get 0.0000% / 1h	40m 51s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.225%Rate

Funding earned: −$20.49
Price spread: −0.225% → 0.000%: −$22.49
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$64.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.14 bp	29.7 bp −$30	123.7 bp −$1,237	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	−0.0512%	1h	4.6570	−0.449%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6582	−0.423%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0283%	1h	4.6651	−0.276%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0264%	1h	4.6696	−0.180%	$659K	$1.4M	5x	as long as short
Bullet LIT-USD	−0.0253%	1h	4.6626	−0.329%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6760	−0.043%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.144%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0133%	4h	4.6640	−0.299%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0064%	1h	4.6718	−0.133%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6615	−0.353%	$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	4.6711	−0.147%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0029%	4h	4.6741	−0.083%	$41.2M	$28.7M	75x	as long as short
KuCoin LITUSDTM	−0.0020%	4h	4.6697	−0.177%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0001%	4h	4.6762	−0.038%	$25.1M	$61.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6661	−0.254%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0002%	1h	4.6675	−0.225%	$11K	—	150x
ApeX Omni LITUSDT	+0.0026%	1h	4.6660	−0.257%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.693%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.6634	−0.312%	$436K	$109K	10x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6599	−0.387%	$6K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6672	−0.232%	$904K	$1.8M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6648	−0.282%	$778K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6721	−0.126%	$58.2M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6737	−0.092%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6819	+0.083%	$209.4M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6636	−0.308%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6724	−0.120%	$74.7M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6712	−0.145%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6722	−0.124%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.6780	long leg	$6.7M	$2.6M	20x
edgeX LITUSDC	+0.0100%	4h	4.6641	−0.296%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6670	−0.236%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6656	−0.265%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6645	−0.289%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6660	−0.257%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.331%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6648	−0.282%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6751	−0.062%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0230%	1h	4.6704	−0.162%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6668	−0.240%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6649	−0.280%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6662	−0.252%	$62K	—	50x	as long as short