Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.059%

Price spread now: OKX against gTrade (Gains Network)−0.059%53s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on OKX

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 −$5 a day on $10k at the current rate, and OKX is 0.059% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	gTrade (Gains Network) LIT/USD	4.8465	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	6m 31s	$12K	—	150x
Short	OKX LIT-USDT-SWAP	4.8437	−0.0156	pay 0.0078% / 4h	2h 06m	$26.0M	$62.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$33.38
Price spread: −0.059% → 0.000%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 2 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	1.34 bp	11.3 bp −$11	27.2 bp −$272	doesn't fit	doesn't fit

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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8434	−0.065%	$614K	$372K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0359%	4h	4.8439	−0.054%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0176%	1h	4.8468	+0.005%	$32K	$3K	5x	as long as short
Bullet LIT-USD	−0.0160%	1h	4.8452	−0.028%	$87K	$66K	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0156%	4h	4.8437	−0.059%	$26.0M	$62.9M	50x
Deribit LIT_USDC-PERPETUAL	−0.0146%	1h	4.8508	+0.088%	$43K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0086%	4h	4.8423	−0.088%	$895K	$2.0M	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.8489	+0.049%	$208K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8493	+0.057%	$837K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8471	+0.012%	$35K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.8465	long leg	$12K	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.878%	$422	$178K	5.5x	as long as short
Phemex LITUSDT	+0.0053%	4h	4.8450	−0.032%	$1.4M	$2.8M	20x	as long as short
KuCoin LITUSDTM	+0.0074%	4h	4.8500	+0.071%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8452	−0.028%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8538	+0.150%	$60.4M	$28.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8485	+0.040%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8518	+0.109%	$622K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8446	−0.039%	$77.7M	$77.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8458	−0.015%	$41.9M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8490	+0.051%	$120K	$466K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8500	+0.071%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8476	+0.022%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8500	+0.071%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8477	+0.024%	$683K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8458	−0.015%	$296K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8400	−0.135%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8448	−0.036%	$455K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8521	+0.115%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8380	−0.176%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8445	−0.042%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8452	−0.028%	$201K	$343K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8496	+0.064%	$121K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8452	−0.027%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8466	+0.001%	$152K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0129%	1h	4.8443	−0.047%	$10K	$219K	10x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8565	+0.206%	$3.7M	$13.4M	5x	as long as short
Aster LITUSDT	+0.0243%	4h	4.8510	+0.092%	$13.0M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0300%	1h	4.8563	+0.201%	$219.2M	$41.3M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8383	−0.170%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0427% / S −0.0217%	1h	4.8473	+0.015%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8421	−0.092%	$32K	$688K	33x	as long as short