Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h −0.190%

Price spread now: OKX against GMX−0.111%52s7-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 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 −$12 a day on $10k at the current rate, and OKX is 0.111% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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]	4.7023	L +0.0435% / S −0.0231%	pay 0.0054% / 1h	15m 34s	$65K	—	50x
Short	OKX LIT-USDT-SWAP	4.6971	0.0020	get 0.0010% / 4h	15m 34s	$25.2M	$61.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$87.32
Price spread: −0.111% → 0.000%: −$11.09
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$120.41
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.21 bp	10.6 bp −$11	33.3 bp −$333	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
01 Exchange LITUSD	−0.0400%	1h	4.6930	−0.198%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6956	−0.143%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0286%	1h	4.6988	−0.074%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.254%	$613K	$388K	50x	as long as short
Gate LIT_USDT	−0.0126%	4h	4.6990	−0.071%	$2.7M	$4.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0120%	1h	4.7017	−0.013%	$41K	$40K	10x	as long as short
Bybit LITUSDT	−0.0080%	4h	4.6965	−0.124%	$41.2M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0077%	4h	4.6970	−0.113%	$1.3M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6998	−0.054%	$202K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7012	−0.025%	$34K	—	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/USD	L +0.0003% / S −0.0002%	1h	4.7033	+0.020%	$11K	—	150x	as long as short
Extended LIT-USD	+0.0016%	1h	4.6932	−0.193%	$5.1M	$5.0M	25x	as long as short
OKX LIT-USDT-SWAPshort	+0.0020%	4h	4.6971	−0.111%	$25.2M	$61.1M	50x
KuCoin LITUSDTM	+0.0022%	4h	4.6995	−0.060%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.162%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0071%	1h	4.7010	−0.028%	$56K	$76K	50x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6979	−0.093%	$793K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0076%	8h	4.6915	−0.229%	$6K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0079%	1h	4.6985	−0.081%	$439K	$109K	10x	as long as short
Nado LIT-PERP	+0.0094%	1h	4.6945	−0.166%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6999	−0.051%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7053	+0.063%	$3.7M	$13.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7055	+0.068%	$210.3M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6968	−0.117%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6959	−0.136%	$75.2M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6974	−0.105%	$117K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.273%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6966	−0.122%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6970	−0.113%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7027	+0.008%	$658K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6977	−0.099%	$287K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7008	−0.032%	$907K	$1.7M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7030	+0.015%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6995	−0.060%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7015	−0.017%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7051	+0.059%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6981	−0.089%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7033	+0.021%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0262%	1h	4.6977	−0.098%	$10K	$204K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.7023	0.000%	$31K	$761K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7010	−0.028%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0435% / S −0.0231%	1h	4.7023	long leg	$65K	—	50x