Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.012%

Price spread now: Paradex against Extended−0.122%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.122% cheaper against Extended than usual: you would sell low and buy high (−$12 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	Extended LIT-USD	4.7254	0.0104	pay 0.0013% / 1h	50m 19s	$5.2M	$5.1M	25x
Short	Paradex LIT-USD-PERP	4.7197	0.0040	get 0.0040% / 8h	6h 50m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$13.34
Price spread: −0.122% → 0.000%: −$12.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.56
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 4 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 Extended live order book, 4 min ago	1.71 bp	5.7 bp −$6	45.2 bp −$452	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
01 Exchange LITUSD	−0.0584%	1h	4.7184	−0.149%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0472%	4h	4.7213	−0.088%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0420%	1h	4.7263	+0.018%	$85K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0409%	1h	4.7281	+0.057%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0350%	1h	4.7198	−0.119%	$684K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0176%	4h	4.7280	+0.054%	$25.7M	$64.1M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.763%	$899K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7207	−0.100%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0122%	4h	4.7230	−0.052%	$2.8M	$4.2M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.796%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	−0.096%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7293	+0.083%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7301	+0.100%	$473	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.663%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0040%	8h	4.7197	−0.122%	$7K	$2K	5x
RISEx LIT/USDC	+0.0081%	1h	4.7259	+0.009%	$787K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7288	+0.071%	$59.2M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.743%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7213	−0.088%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7316	+0.130%	$212.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7319	+0.136%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7256	+0.003%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7237	−0.037%	$75.4M	$80.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7255	+0.001%	$42.5M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7227	−0.058%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7224	−0.064%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7300	+0.097%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.871%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6890	−0.771%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7234	−0.043%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7300	+0.097%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7290	+0.075%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7286	+0.067%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7065	−0.401%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7220	−0.073%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USDlong	+0.0104%	1h	4.7254	long leg	$5.2M	$5.1M	25x
Aevo LIT-PERP	+0.0104%	1h	4.7246	−0.018%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7306	+0.109%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0322%	1h	4.7108	−0.309%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7113	−0.299%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0403% / S −0.0194%	1h	4.7309	+0.115%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7277	+0.048%	$31K	$860K	33x	as long as short