Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.031%7-day average — · you buy dearer than you sell

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

Long on SunX 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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.031% cheaper against SunX than usual: you would sell low and buy high (−$3 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	SunX LIT-USDT	4.7793	0.0100	pay 0.0050% / 4h	3h 32m	$4K	$1.1M	20x
Short	gTrade (Gains Network) LIT/USD	4.7778	L +0.0003% / S −0.0003%	get 0.0000% / 1h	32m 02s	$35K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.031%Rate

Funding earned: −$20.45
Price spread: −0.031% → 0.000%: −$3.14
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: 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 SunX live order book, 1 min ago	500.07 bp	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0644%	1h	4.7721	−0.150%	$42K	$39K	10x	as long as short
01 Exchange LITUSD	−0.0496%	1h	4.7715	−0.163%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0426%	4h	4.7979	+0.389%	$894K	$2.0M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0396%	4h	4.7687	−0.222%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7938	+0.303%	$607K	$349K	50x	as long as short
Bullet LIT-USD	−0.0228%	1h	4.7723	−0.147%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.7729	−0.134%	$25.8M	$58.7M	50x	as long as short
Gate LIT_USDT	−0.0162%	4h	4.7790	−0.006%	$2.8M	$4.0M	50x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7960	+0.349%	$57K	$75K	50x	as long as short
Bybit LITUSDT	−0.0093%	4h	4.7708	−0.178%	$41.5M	$27.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0024%	1h	4.7737	−0.117%	$681K	$986K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7832	+0.082%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDshort	L +0.0003% / S −0.0003%	1h	4.7778	−0.031%	$35K	—	150x
Phoenix LIT	+0.0017%	1h	4.8016	+0.467%	$206K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.517%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0047%	1h	4.7735	−0.121%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7817	+0.051%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7783	−0.021%	$59.5M	$26.1M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7798	+0.010%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7780	−0.027%	$215.8M	$38.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7817	+0.050%	$672K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7693	−0.209%	$76.6M	$73.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7806	+0.027%	$127K	$420K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	+0.242%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7701	−0.192%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7770	−0.048%	$5.4M	$901K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7730	−0.132%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7979	+0.389%	$294K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7788	−0.010%	$445K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.498%	$2K	$961	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7793	long leg	$4K	$1.1M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7734	−0.123%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7836	+0.090%	$192K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7730	−0.132%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7698	−0.199%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7531	−0.547%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7816	+0.049%	$802K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0275%	4h	4.7787	−0.013%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7807	+0.030%	$32K	$628K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7797	+0.008%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7753	−0.084%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0489%	1h	4.7963	+0.355%	$10K	$201K	10x	as long as short