Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.091%

Price spread now: Paradex against Bullet+0.045%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Paradex is 0.045% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet LIT-USD	4.8032	−0.0244	get 0.0031% / 1h	58m 18s	$86K	$66K	20x
Short	Paradex LIT-USD-PERP	4.8054	0.0094	get 0.0094% / 8h	1h 58m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bullet. 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 BulletbpFee ParadexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $70.94
Price spread: +0.045% → 0.000%: $4.54
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $63.47
Costs to cover: 0.120%
Break-even: 0.7 days

Slippage unknown: Bullet: 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 Bullet no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bullet 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
Deribit LIT_USDC-PERPETUAL	−0.0616%	1h	4.8020	−0.025%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.8177	+0.303%	$610K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0372%	4h	4.7999	−0.069%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.8084	+0.108%	$31K	$3K	5x	as long as short
Bullet LIT-USDlong	−0.0244%	1h	4.8032	long leg	$86K	$66K	20x
OKX LIT-USDT-SWAP	−0.0171%	4h	4.8031	−0.002%	$25.8M	$62.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0060%	4h	4.8130	+0.204%	$892K	$1.9M	10x	as long as short
Polymarket Perps LIT-USD	−0.0021%	1h	4.8068	+0.075%	$451K	$84K	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.8232	+0.416%	$207K	$266K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8120	+0.184%	$35K	—	5x	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/USD	L +0.0003% / S −0.0002%	1h	4.8076	+0.092%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.017%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0078%	4h	4.8106	+0.154%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERPshort	+0.0094%	8h	4.8054	+0.045%	$7K	$2K	5x
Lighter LIT	+0.0096%	1h	4.8142	+0.229%	$59.9M	$27.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8083	+0.105%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8111	+0.165%	$616K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8038	+0.012%	$77.1M	$78.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8062	+0.062%	$41.6M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8135	+0.214%	$119K	$470K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8070	+0.079%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8046	+0.029%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8090	+0.121%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8117	+0.177%	$678K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8138	+0.221%	$294K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8160	+0.266%	$57K	$75K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8058	+0.054%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7978	−0.112%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8011	−0.044%	$1K	$340K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8123	+0.189%	$200K	$343K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8030	−0.004%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8185	+0.319%	$120K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7993	−0.082%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8048	+0.033%	$150K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.8070	+0.080%	$32K	$690K	33x	as long as short
Lighter RH LIT	+0.0128%	1h	4.8169	+0.285%	$3.6M	$13.0M	5x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.8134	+0.212%	$803K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0155%	1h	4.8225	+0.401%	$10K	$219K	10x	as long as short
Hyperliquid LIT	+0.0225%	1h	4.8144	+0.233%	$217.2M	$41.8M	5x	as long as short
Aster LITUSDT	+0.0236%	4h	4.8139	+0.223%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8040	+0.017%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8060	+0.058%	$64K	—	50x	as long as short