Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0951%/8h= −104.1% APRpaid last 24h −0.247%

Price spread now: Orderly against GMX−0.169%7-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 Orderly

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 −$29 a day on $10k at the current rate, and Orderly is 0.169% cheaper against GMX than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.7323	L +0.0377% / S −0.0169%	pay 0.0047% / 1h	23m 28s	$62K	—	50x
Short	Orderly PERP_LIT_USDC	4.7243	−0.0574	pay 0.0287% / 4h	23m 28s	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.169%Rate

Funding earned: −$199.64
Price spread: −0.169% → 0.000%: −$16.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$234.57
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: 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 GMX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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
Gate LIT_USDT	−0.0860%	4h	4.7310	−0.028%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0729%	1h	4.7252	−0.150%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0574%	4h	4.7243	−0.169%	$32K	$2K	10x
01 Exchange LITUSD	−0.0568%	1h	4.7193	−0.275%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0392%	4h	4.7291	−0.068%	$25.7M	$63.7M	50x	as long as short
Phemex LITUSDT	−0.0345%	4h	4.7240	−0.176%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0334%	1h	4.7292	−0.066%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0216%	4h	4.7287	−0.076%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.603%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	+0.395%	$903K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7329	+0.012%	$205K	$353K	5x	as long as short
Bybit LITUSDT	−0.0018%	4h	4.7310	−0.028%	$42.6M	$30.1M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7290	−0.071%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7261	−0.130%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7329	+0.013%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7290	−0.070%	$813K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0022%	8h	4.7238	−0.181%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.515%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0094%	4h	4.7263	−0.127%	$5.5M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0095%	4h	4.7358	+0.075%	$288K	$310K	10x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7277	−0.099%	$75.3M	$81.7M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7308	−0.032%	$59.5M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7275	−0.102%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7317	−0.013%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7277	−0.097%	$589K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7274	−0.104%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	+0.063%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7280	−0.091%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7296	−0.057%	$671K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7350	+0.057%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7316	−0.015%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7282	−0.087%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7241	−0.174%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7270	−0.112%	$984	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7400	+0.162%	$189K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7241	−0.175%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7238	−0.179%	$148K	$44K	3x	as long as short
Hyperliquid LIT	+0.0192%	1h	4.7366	+0.091%	$212.4M	$44.9M	5x	as long as short
Lighter RH LIT	+0.0200%	1h	4.7330	+0.014%	$3.7M	$13.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0214%	1h	4.7412	+0.188%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0338%	4h	4.7320	−0.007%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0377% / S −0.0169%	1h	4.7323	long leg	$62K	—	50x