Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.079%

Price spread now: Aster against GMX+0.246%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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

The price spread pays, funding is against you. Aster is 0.246% dearer against GMX than usual: you sell high and buy low (spread +0.246% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.8750	L +0.0430% / S −0.0217%	pay 0.0054% / 1h	15m 15s	$65K	—	50x
Short	Aster LITUSDT	4.8870	0.0230	get 0.0115% / 4h	2h 15m	$13.1M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.246%Rate

Funding earned: −$42.01
Price spread: +0.246% → 0.000%: $24.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.4
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Aster: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	2.37 bp	6.9 bp −$7	17.5 bp −$175	doesn't fit	doesn't fit

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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	−0.574%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0355%	4h	4.8732	−0.038%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0200%	1h	4.8804	+0.110%	$32K	$3K	5x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.8729	−0.044%	$87K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0153%	4h	4.8816	+0.135%	$26.2M	$63.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0137%	1h	4.8762	+0.024%	$43K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.8366	−0.789%	$902K	$1.9M	10x	as long as short
Phemex LITUSDT	−0.0075%	4h	4.8740	−0.021%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0017%	1h	4.8725	−0.052%	$210K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8816	+0.135%	$848K	$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
dYdX LIT-USD	0.0000%	1h	4.8862	+0.228%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8776	+0.052%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−1.457%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0056%	4h	4.8815	+0.132%	$5.5M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8790	+0.081%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8812	+0.126%	$60.8M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8755	+0.009%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8805	+0.111%	$624K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8798	+0.098%	$78.4M	$77.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8820	+0.143%	$42.3M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8805	+0.112%	$121K	$465K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−1.904%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8760	+0.020%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8756	+0.011%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8760	+0.020%	$7.0M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8632	−0.243%	$685K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8595	−0.318%	$297K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8550	−0.411%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8800	+0.102%	$458K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8766	+0.033%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8725	−0.052%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8755	+0.009%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8917	+0.342%	$203K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8742	−0.018%	$5.3M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8755	+0.009%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8829	+0.161%	$3.7M	$13.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0198%	1h	4.8351	−0.818%	$9K	$217K	10x	as long as short
Aster LITUSDTshort	+0.0230%	4h	4.8870	+0.246%	$13.1M	$2.0M	50x
Hyperliquid LIT	+0.0239%	1h	4.8869	+0.243%	$220.3M	$41.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8645	−0.216%	$1.6M	$2.2M	75x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0430% / S −0.0217%	1h	4.8750	long leg	$65K	—	50x
Perpl LIT	+0.0447%	43m	4.8766	+0.031%	$35K	$689K	33x	as long as short