Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h +0.041%

Price spread now: GMX against edgeX−0.195%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.195% cheaper against edgeX than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 5.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.7229	0.0037	pay 0.0019% / 4h	2h 05m	$287K	$310K	10x
Short	GMX LIT/USD [ETH-USDC]	4.7136	L +0.0357% / S −0.0155%	get 0.0019% / 1h	5m 07s	$59K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now −0.195%Rate

Funding earned: $24.85
Price spread: −0.195% → 0.000%: −$19.53
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$15.67
Costs to cover: 0.210%
Break-even: 11.4 days

Slippage unknown: edgeX: live order book, 18 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 edgeX live order book, 18 min ago	5.16 bp	10.5 bp −$11	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.1249%	1h	4.7093	−0.286%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0732%	4h	4.7110	−0.251%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0621%	4h	4.7037	−0.406%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0601%	4h	4.7100	−0.272%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7033	−0.414%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0371%	4h	4.7084	−0.306%	$25.0M	$61.9M	50x	as long as short
Bullet LIT-USD	−0.0355%	1h	4.7090	−0.293%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0304%	4h	4.7158	−0.150%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0302%	4h	4.7106	−0.260%	$42.6M	$30.8M	75x	as long as short
Backpack LIT_USDC_PERP	−0.0288%	1h	4.7130	−0.209%	$662K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7220	−0.018%	$896K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0179%	1h	4.7277	+0.102%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.043%	$660K	$404K	50x	as long as short
SoDEX LIT-USD	−0.0064%	1h	4.7105	−0.262%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7251	+0.047%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0029%	8h	4.7064	−0.349%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7127	−0.215%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7165	−0.135%	$35K	—	150x	as long as short
Nado LIT-PERP	+0.0006%	1h	4.7088	−0.299%	$2.1M	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7138	−0.192%	$791K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0024%	1h	4.7100	−0.272%	$445K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7065	−0.347%	$5.7M	$4.3M	100x	as long as short
Binance LITUSDT	+0.0032%	4h	4.7066	−0.344%	$74.6M	$81.7M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.718%	$422	$178K	5.5x	as long as short
edgeX LITUSDClong	+0.0037%	4h	4.7229	long leg	$287K	$310K	10x
Aevo LIT-PERP	+0.0048%	1h	4.7080	−0.314%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7174	−0.116%	$59.2M	$30.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7173	−0.118%	$210.2M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7165	−0.135%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7139	−0.190%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7100	−0.272%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.307%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	−0.251%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7170	−0.124%	$55K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7148	−0.170%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7116	−0.239%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7177	−0.109%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7078	−0.319%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7135	−0.199%	$31K	$843K	33x	as long as short
BloFin LIT-USDT	+0.0130%	4h	4.7101	−0.270%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0357% / S −0.0155%	1h	4.7136	−0.195%	$59K	—	50x
Lighter RH LIT	+0.0416%	1h	4.7193	−0.076%	$3.7M	$14.3M	5x	as long as short