Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.007%

Price spread now: Paradex against Derive−0.263%7-day average — · you buy dearer than you sell

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

Long on Derive 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.263% cheaper against Derive than usual: you would sell low and buy high, −$26 on $10k if it 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	Derive LIT-PERP	4.7521	0.0100	pay 0.0013% / 1h	38m 46s	$2K	—	6.7x
Short	Paradex LIT-USD-PERP	4.7397	0.0093	get 0.0093% / 8h	2h 38m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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 DerivebpFee ParadexbpOrdersPrice spread, now −0.263%Rate

Funding earned: −$1.57
Price spread: −0.263% → 0.000%: −$26.25
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.82
Costs to cover: 0.100%
Break-even: never at this rate

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

Derive 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
Phemex LITUSDT	−0.0475%	4h	4.7490	−0.066%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.465%	$612K	$358K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7442	−0.167%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7468	−0.112%	$31K	$5K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0205%	1h	4.7492	−0.061%	$42K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0202%	4h	4.7389	−0.280%	$898K	$1.8M	10x	as long as short
Bullet LIT-USD	−0.0157%	1h	4.7471	−0.105%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0146%	4h	4.7470	−0.108%	$25.6M	$61.0M	50x	as long as short
Bybit LITUSDT	−0.0064%	4h	4.7490	−0.066%	$41.4M	$28.6M	75x	as long as short
Phoenix LIT	−0.0017%	1h	4.7395	−0.266%	$204K	$283K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0012%	1h	4.7458	−0.134%	$818K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7471	−0.107%	$34K	—	5x	as long as short
KuCoin LITUSDTM	+0.0002%	4h	4.7462	−0.125%	$5.3M	$1.0M	30x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7527	+0.011%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.091%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0093%	8h	4.7397	−0.263%	$7K	$2K	5x
Lighter LIT	+0.0096%	1h	4.7546	+0.052%	$59.3M	$27.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7453	−0.145%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7571	+0.103%	$213.0M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7464	−0.121%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7475	−0.098%	$76.2M	$77.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7460	−0.129%	$118K	$462K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7500	−0.045%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7477	−0.093%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7500	−0.045%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7502	−0.041%	$665K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7301	−0.464%	$289K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7400	−0.255%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7467	−0.114%	$446K	$87K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7521	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7459	−0.131%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7495	−0.056%	$1K	$352K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7306	−0.453%	$200K	$347K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	−0.453%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7468	−0.113%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7453	−0.144%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7544	+0.048%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0208%	4h	4.7550	+0.060%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7470	−0.108%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0423%	1h	4.7422	−0.209%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0440% / S −0.0231%	1h	4.7514	−0.016%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7444	−0.162%	$31K	$688K	33x	as long as short