Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h +0.047%

Price spread now: gTrade (Gains Network) against Phemex+0.141%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.141% dearer against Phemex than usual: you sell high and buy low (spread +0.141% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7860	0.0071	pay 0.0035% / 4h	37m 11s	$1.4M	$2.7M	20x
Short	gTrade (Gains Network) LIT/USD	4.7927	L +0.0003% / S −0.0002%	get 0.0000% / 1h	37m 11s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.141%Rate

Funding earned: −$14.36
Price spread: +0.141% → 0.000%: $14.1
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$22.26
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 1 min ago; 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 Phemex live order book, 1 min ago	5.21 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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 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	−0.0384%	1h	4.7829	−0.065%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7843	−0.036%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.168%	$605K	$347K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0305%	1h	4.7894	+0.071%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0245%	1h	4.7880	+0.042%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0151%	4h	4.7869	+0.019%	$25.7M	$59.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0106%	4h	4.7950	+0.188%	$891K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0038%	1h	4.7980	+0.251%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7940	+0.168%	$34K	—	5x	as long as short
Bybit LITUSDT	0.0000%	4h	4.7860	0.000%	$41.6M	$28.0M	75x	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/USDshort	L +0.0003% / S −0.0002%	1h	4.7927	+0.141%	$11K	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.376%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.8015	+0.324%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7904	+0.093%	$801K	$2.3M	5x	as long as short
Phemex LITUSDTlong	+0.0071%	4h	4.7860	long leg	$1.4M	$2.7M	20x
Paradex LIT-USD-PERP	+0.0091%	8h	4.7899	+0.081%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7908	+0.100%	$59.6M	$26.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7865	+0.010%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7951	+0.189%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7837	−0.048%	$76.7M	$74.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7913	+0.111%	$125K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7931	+0.148%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7940	+0.167%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7851	−0.019%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7951	+0.190%	$5.5M	$938K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7890	+0.063%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7903	+0.090%	$765K	$944K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7933	+0.152%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7889	+0.061%	$450K	$82K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7984	+0.259%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7862	+0.004%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7887	+0.056%	$1K	$329K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7994	+0.280%	$200K	$299K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7877	+0.036%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7884	+0.050%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7926	+0.138%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0193%	4h	4.7935	+0.157%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0261%	1h	4.7938	+0.164%	$216.5M	$39.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0311%	1h	4.7969	+0.228%	$10K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7836	−0.050%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7912	+0.108%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7924	+0.133%	$32K	$653K	33x	as long as short