Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0463%/8h= +50.7% APRpaid last 24h +0.008%

Price spread now: Paradex against Backpack−0.054%7-day average — · you buy dearer than you sell

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

Long on Backpack 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

Funding pays, the price is against you. Paradex is 0.054% cheaper against Backpack than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7528	−0.0483	get 0.0060% / 1h	57m 04s	$667K	$1.5M	5x
Short	Paradex LIT-USD-PERP	4.7502	−0.0020	pay 0.0020% / 8h	2h 57m	$5K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Backpack. 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 BackpackbpFee ParadexbpOrdersPrice spread, now −0.054%Rate

Funding earned: $97.17
Price spread: −0.054% → 0.000%: −$5.43
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $77.74
Costs to cover: 0.140%
Break-even: 1.4 days

Slippage unknown: Backpack: live order book, 2 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 Backpack live order book, 2 min ago	0.63 bp	6.6 bp −$7	15.0 bp −$150	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	−0.0827%	1h	4.7501	−0.057%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0752%	1h	4.7457	−0.149%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7435	−0.196%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0505%	4h	4.7470	−0.122%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPlong	−0.0483%	1h	4.7528	long leg	$667K	$1.5M	5x
Bullet LIT-USD	−0.0378%	1h	4.7506	−0.046%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0324%	4h	4.7529	+0.002%	$5.3M	$1.1M	30x	as long as short
SoDEX LIT-USD	−0.0323%	1h	4.7490	−0.080%	$986	$474K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0289%	4h	4.7535	+0.015%	$25.2M	$60.8M	50x	as long as short
Gate LIT_USDT	−0.0268%	4h	4.7530	+0.004%	$2.8M	$4.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0262%	4h	4.7620	+0.194%	$902K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0241%	4h	4.7540	+0.025%	$43.0M	$30.1M	75x	as long as short
ApeX Omni LITUSDT	−0.0230%	1h	4.7610	+0.173%	$56K	$78K	50x	as long as short
Nado LIT-PERP	−0.0209%	1h	4.7510	−0.038%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+1.945%	$668K	$408K	50x	as long as short
Polymarket Perps LIT-USD	−0.0128%	1h	4.7536	+0.017%	$449K	$104K	10x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.313%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7525	−0.007%	$5.3M	$5.2M	25x	as long as short
Paradex LIT-USD-PERPshort	−0.0020%	8h	4.7502	−0.054%	$5K	$1K	5x
dYdX LIT-USD	0.0000%	1h	4.7560	+0.067%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7539	+0.023%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7573	+0.095%	$817K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.077%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7513	−0.032%	$75.1M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.7475	−0.112%	$6.0M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0066%	4h	4.7648	+0.253%	$290K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7488	−0.085%	$149K	$44K	3x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.208%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7548	+0.042%	$211.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7568	+0.084%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7578	+0.105%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7551	+0.048%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	+0.025%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7547	+0.040%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7510	−0.038%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	+0.320%	$190K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7562	+0.071%	$31K	$843K	33x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.7757	+0.482%	$11K	$198K	10x	as long as short
Lighter LIT	+0.0152%	1h	4.7585	+0.120%	$59.7M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7596	+0.143%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7493	−0.074%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0389% / S −0.0190%	1h	4.7536	+0.017%	$60K	—	50x	as long as short