Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0341%/8h= −37.4% APRpaid last 24h −0.089%

Price spread now: edgeX against GMX−0.781%70s7-day average — · you buy dearer than you sell

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

Long on GMX Short on edgeX

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.781% cheaper against GMX than usual: you would sell low and buy high (−$78 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	GMX LIT/USD [ETH-USDC]	4.7758	L +0.0441% / S −0.0231%	pay 0.0055% / 1h	28m 19s	$66K	—	50x
Short	edgeX LITUSDC	4.7385	0.0100	get 0.0050% / 4h	2h 28m	$290K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.781%Rate

Funding earned: −$71.71
Price spread: −0.781% → 0.000%: −$78.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$170.81
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 20 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 edgeX live order book, 20 min ago	5.17 bp	12.3 bp −$12	doesn't fit	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	4.7300	−0.959%	$612K	$347K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0359%	4h	4.7690	−0.142%	$33K	$1K	10x	as long as short
Phemex LITUSDT	−0.0305%	4h	4.7830	+0.151%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0240%	1h	4.7753	−0.010%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0176%	4h	4.7470	−0.603%	$888K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0165%	1h	4.7728	−0.063%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0135%	4h	4.7738	−0.042%	$25.7M	$61.1M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0121%	1h	4.7748	−0.020%	$42K	$40K	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.7563	−0.408%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7786	+0.059%	$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	−0.050%	$41.5M	$28.7M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7760	+0.005%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7759	+0.002%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.7733	−0.052%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.590%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7710	−0.100%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7785	+0.057%	$59.6M	$27.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7705	−0.112%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7745	−0.027%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7726	−0.067%	$76.7M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7769	+0.023%	$118K	$462K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7462	−0.620%	$118K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7730	−0.059%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7721	−0.077%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.025%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7766	+0.017%	$669K	$1.1M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.7385	−0.781%	$290K	$305K	10x
ApeX Omni LITUSDT	+0.0100%	1h	4.7420	−0.708%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7740	−0.038%	$448K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7760	+0.005%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7708	−0.105%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7834	+0.159%	$1K	$330K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7579	−0.375%	$201K	$337K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7722	−0.076%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7694	−0.133%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0121%	1h	4.7793	+0.073%	$214.1M	$40.7M	5x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7802	+0.092%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0226%	4h	4.7766	+0.017%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7743	−0.031%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0428%	1h	4.7617	−0.296%	$8K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0441% / S −0.0231%	1h	4.7758	long leg	$66K	—	50x
Perpl LIT	+0.0447%	43m	4.7777	+0.039%	$32K	$679K	33x	as long as short