Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.009%

Price spread now: Paradex against Aster−0.273%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.273% cheaper against Aster than usual: you would sell low and buy high (−$27 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	Aster LITUSDT	4.7485	0.0100	pay 0.0050% / 4h	2h 51m	$12.7M	$2.5M	50x
Short	Paradex LIT-USD-PERP	4.7355	−0.0016	pay 0.0016% / 8h	2h 51m	$5K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.273%Rate

Funding earned: −$24.31
Price spread: −0.273% → 0.000%: −$27.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$63.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; 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 Aster live order book, 3 min ago	2.21 bp	8.1 bp −$8	22.6 bp −$226	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Deribit LIT_USDC-PERPETUAL	−0.1161%	1h	4.7413	−0.151%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0656%	1h	4.7346	−0.293%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0569%	4h	4.7364	−0.255%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0528%	1h	4.7448	−0.078%	$666K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0449%	4h	4.7390	−0.200%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0420%	4h	4.7430	−0.116%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7406	−0.167%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7459	−0.055%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0299%	4h	4.7400	−0.179%	$25.1M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	−0.011%	$895K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0206%	4h	4.7409	−0.160%	$42.8M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0186%	1h	4.7398	−0.182%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.037%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0080%	1h	4.7396	−0.186%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0063%	1h	4.7415	−0.147%	$982	$474K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	−0.040%	$246K	$321K	5x	as long as short
Paradex LIT-USD-PERPshort	−0.0016%	8h	4.7355	−0.273%	$5K	$1K	5x
dYdX LIT-USD	0.0000%	1h	4.7460	−0.053%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7455	−0.063%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7456	−0.061%	$815K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.169%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0051%	4h	4.7381	−0.219%	$74.9M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7384	−0.213%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	−0.062%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7387	−0.207%	$148K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.7422	−0.133%	$448K	$104K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.185%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7451	−0.071%	$210.8M	$44.3M	5x	as long as short
Aster LITUSDTlong	+0.0100%	4h	4.7485	long leg	$12.7M	$2.5M	50x
Pacifica LIT	+0.0100%	1h	4.7439	−0.097%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7413	−0.152%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7430	−0.116%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7440	−0.095%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7457	−0.058%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7432	−0.112%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7468	−0.036%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7455	−0.063%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0112%	1h	4.7497	+0.025%	$59.6M	$29.6M	5x	as long as short
Aftermath Perps LITUSD	+0.0190%	1h	4.7563	+0.164%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0203%	4h	4.7398	−0.183%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0264%	1h	4.7507	+0.046%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7451	−0.071%	$59K	—	50x	as long as short