Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC−0.0234%/8h= −25.6% APRpaid last 24h 0.000%

Price spread now: GMX against Perpl+0.012%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 GMX

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 airdropPerpl: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.6985	0.0447	pay 0.0040% / 43m	42m 39s	$31K	$814K	33x
Short	GMX LIT/USD [ETH-USDC]	4.6990	L +0.0415% / S −0.0213%	get 0.0027% / 1h	11m 39s	$63K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$49.05
Price spread: +0.012% → 0.000%: $1.19
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$73.66
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Perpl and 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
Orderly PERP_LIT_USDC	−0.0384%	4h	4.6903	−0.174%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0346%	1h	4.6964	−0.043%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.6910	−0.159%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0248%	1h	4.6953	−0.068%	$84K	$68K	20x	as long as short
ApeX Omni LITUSDT	−0.0119%	1h	4.6960	−0.053%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0094%	4h	4.6950	−0.074%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7086	+0.216%	$203K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.394%	$611K	$411K	50x	as long as short
Phemex LITUSDT	−0.0011%	4h	4.6960	−0.053%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6996	+0.023%	$11K	—	150x	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	+0.0005%	1h	4.6971	−0.030%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0022%	4h	4.6976	−0.019%	$25.3M	$61.9M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.246%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0044%	4h	4.6900	−0.180%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.6890	−0.201%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0082%	4h	4.7009	+0.051%	$905K	$1.8M	10x	as long as short
Bybit LITUSDT	+0.0084%	4h	4.6960	−0.053%	$41.7M	$28.7M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.6983	−0.004%	$58.5M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6962	−0.048%	$3.6M	$13.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6977	−0.017%	$783K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6945	−0.084%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6947	−0.080%	$209.8M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6919	−0.140%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6929	−0.119%	$74.8M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6964	−0.044%	$122K	$454K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6899	−0.182%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6940	−0.095%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6923	−0.131%	$667K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7007	+0.047%	$286K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6976	−0.019%	$439K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6983	−0.003%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6946	−0.082%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6965	−0.042%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7100	+0.245%	$195K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7305	+0.682%	$118K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6913	−0.153%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6975	−0.020%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0190%	1h	4.7108	+0.262%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0208%	4h	4.6946	−0.081%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6947	−0.080%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0415% / S −0.0213%	1h	4.6990	+0.012%	$63K	—	50x
Perpl LITlong	+0.0447%	43m	4.6985	long leg	$31K	$814K	33x