Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC+0.0443%/8h= +48.5% APRpaid last 24h +0.075%

Price spread now: Perpl against gTrade (Gains Network)+0.036%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Perpl

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 airdropPerpl: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Perpl is 0.036% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7759	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	28m 23s	$11K	—	150x
Short	Perpl LIT	4.7777	0.0447	get 0.0040% / 43m	8m 23s	$32K	$679K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.036%Rate

Funding earned: $93.11
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $72.95
Costs to cover: 0.238%
Break-even: 1.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Perpl: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Perpl: 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	4.7300	−0.961%	$612K	$347K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0359%	4h	4.7690	−0.145%	$33K	$1K	10x	as long as short
Phemex LITUSDT	−0.0305%	4h	4.7830	+0.148%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0240%	1h	4.7753	−0.013%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0176%	4h	4.7470	−0.605%	$888K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0165%	1h	4.7728	−0.065%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0135%	4h	4.7738	−0.044%	$25.7M	$61.1M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0121%	1h	4.7748	−0.022%	$42K	$40K	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.7563	−0.411%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7786	+0.057%	$824K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0005%	4h	4.7734	−0.053%	$41.5M	$28.7M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7760	+0.003%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.7759	long leg	$11K	—	150x
KuCoin LITUSDTM	+0.0022%	4h	4.7733	−0.055%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.588%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7710	−0.102%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7785	+0.054%	$59.6M	$27.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7705	−0.114%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7745	−0.029%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7726	−0.069%	$76.7M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7769	+0.021%	$118K	$462K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7462	−0.622%	$118K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7730	−0.061%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7721	−0.080%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.023%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7766	+0.014%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7385	−0.783%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7420	−0.710%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7740	−0.040%	$448K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7760	+0.003%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7708	−0.107%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7834	+0.157%	$1K	$330K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7579	−0.377%	$201K	$337K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7722	−0.078%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7694	−0.136%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0121%	1h	4.7793	+0.071%	$214.1M	$40.7M	5x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7802	+0.090%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0226%	4h	4.7766	+0.014%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7743	−0.034%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0428%	1h	4.7617	−0.298%	$8K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7758	−0.002%	$66K	—	50x	as long as short
Perpl LITshort	+0.0447%	43m	4.7777	+0.036%	$32K	$679K	33x