Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.031%

Price spread now: Paradex against ApeX Omni−0.194%50s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Paradex

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 airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Paradex is 0.194% cheaper against ApeX Omni than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LITUSDT	4.6970	0.0083	pay 0.0010% / 1h	25m 51s	$56K	$76K	50x
Short	Paradex LIT-USD-PERP	4.6879	0.0072	get 0.0072% / 8h	4h 25m	$6K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now −0.194%Rate

Funding earned: −$2.29
Price spread: −0.194% → 0.000%: −$19.43
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$35.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Paradex: 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

ApeX Omni and Paradex: 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	−0.0440%	1h	4.6890	−0.170%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.6850	−0.255%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0319%	1h	4.6924	−0.098%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0269%	1h	4.6899	−0.151%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	−0.261%	$612K	$398K	50x	as long as short
Gate LIT_USDT	−0.0188%	4h	4.6930	−0.085%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0073%	4h	4.6910	−0.128%	$41.2M	$28.8M	75x	as long as short
Extended LIT-USD	−0.0064%	1h	4.6904	−0.140%	$5.1M	$5.0M	25x	as long as short
Phemex LITUSDT	−0.0061%	4h	4.6920	−0.106%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6885	−0.181%	$202K	$305K	5x	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	0.0000%	1h	4.6961	−0.019%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6933	−0.079%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0003%	4h	4.6927	−0.092%	$25.2M	$61.2M	50x	as long as short
Backpack LIT_USDC_PERP	+0.0005%	1h	4.6949	−0.045%	$657K	$1.4M	5x	as long as short
KuCoin LITUSDTM	+0.0008%	4h	4.6961	−0.019%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.278%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0060%	1h	4.6893	−0.163%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0066%	1h	4.6925	−0.096%	$439K	$109K	10x	as long as short
Paradex LIT-USD-PERPshort	+0.0072%	8h	4.6879	−0.194%	$6K	$2K	5x
RISEx LIT/USDC	+0.0073%	1h	4.6924	−0.097%	$794K	$2.1M	5x	as long as short
ApeX Omni LITUSDTlong	+0.0083%	1h	4.6970	long leg	$56K	$76K	50x
Lighter LIT	+0.0096%	1h	4.6973	+0.006%	$58.5M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6999	+0.062%	$3.6M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6998	+0.060%	$210.3M	$42.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6967	−0.006%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6900	−0.148%	$75.0M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6940	−0.064%	$117K	$458K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6907	−0.134%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6950	−0.043%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6855	−0.244%	$287K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6887	−0.176%	$903K	$1.8M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6930	−0.086%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6928	−0.089%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6925	−0.096%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6973	+0.006%	$198K	$368K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6576	−0.839%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6906	−0.136%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0216%	4h	4.6963	−0.015%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0244%	1h	4.6889	−0.173%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6925	−0.096%	$31K	$780K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6934	−0.077%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0419% / S −0.0217%	1h	4.6922	−0.101%	$63K	—	50x	as long as short