Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:33 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.082%

Price spread now: gTrade (Gains Network) against Perpl+0.088%7-day average — · you sell dearer than you buy

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

Long on Perpl Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.088% dearer against Perpl than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.8011	0.0447	pay 0.0040% / 43m	32m 37s	$28K	$560K	33x
Short	gTrade (Gains Network) LIT/USD	4.8054	L +0.0003% / S −0.0003%	get 0.0000% / 1h	51m 37s	$36K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Perpl. 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 PerplbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.088%Rate

Funding earned: −$93.22
Price spread: +0.088% → 0.000%: $8.83
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$108.19
Costs to cover: 0.238%
Break-even: never at this rate

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

Perpl and gTrade (Gains Network): 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 41 exchanges

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
Orderly PERP_LIT_USDC	−0.0365%	4h	4.7917	−0.196%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0296%	1h	4.8127	+0.242%	$609K	$297K	50x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.7947	−0.134%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0121%	1h	4.7975	−0.075%	$42K	$19K	10x	as long as short
Bullet LIT-USD	−0.0084%	1h	4.7983	−0.058%	$86K	$44K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0081%	4h	4.7984	−0.057%	$26.1M	$54.0M	50x	as long as short
Extended LIT-USD	−0.0080%	1h	4.7959	−0.109%	$5.1M	$4.9M	25x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7967	−0.093%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0003%	1h	4.8054	+0.088%	$36K	—	150x
GRVT LIT_USDT_Perp	+0.0008%	4h	4.8059	+0.101%	$894K	$1.9M	10x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.060%	$422	$178K	5.5x	as long as short
Gate LIT_USDT	+0.0056%	4h	4.8000	−0.023%	$2.8M	$3.6M	50x	as long as short
Bybit LITUSDT	+0.0060%	4h	4.7960	−0.107%	$41.6M	$24.8M	75x	as long as short
Phoenix LIT	+0.0083%	1h	4.8185	+0.362%	$207K	$268K	5x	as long as short
Pacifica LIT	+0.0092%	1h	4.7987	−0.050%	$639K	$1.5M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8034	+0.047%	$59.9M	$23.2M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.8012	+0.003%	$7K	$1K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7985	−0.055%	$2.1M	$1.5M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8029	+0.037%	$217.0M	$34.6M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7973	−0.080%	$77.4M	$65.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8011	0.000%	$132K	$356K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8088	+0.160%	$157K	$37K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7963	−0.100%	$6.3M	$3.5M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8019	+0.016%	$5.5M	$661K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7980	−0.065%	$6.9M	$2.2M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7986	−0.052%	$685K	$869K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7942	−0.144%	$294K	$300K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8030	+0.039%	$58K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7972	−0.082%	$447K	$80K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7926	−0.177%	$4K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7971	−0.084%	$4K	$298K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8060	+0.102%	$193K	$268K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7990	−0.044%	$1.4M	$2.7M	20x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7970	−0.086%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0176%	1h	4.8017	+0.013%	$818K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0273%	4h	4.8029	+0.037%	$12.8M	$1.7M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8020	+0.018%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0344%	1h	4.8061	+0.104%	$3.8M	$11.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7983	−0.059%	$64K	—	50x	as long as short
Perpl LITlong	+0.0447%	43m	4.8011	long leg	$28K	$560K	33x
Aftermath Perps LITUSD	+0.0476%	1h	4.8026	+0.031%	$9K	$182K	10x	as long as short