Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.017%

Price spread now: Paradex against gTrade (Gains Network)−0.156%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 pays, the price is against you. Paradex is 0.156% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7750	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	8m 08s	$11K	—	150x
Short	Paradex LIT-USD-PERP	4.7675	0.0045	get 0.0045% / 8h	7h 08m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.156%Rate

Funding earned: $8.84
Price spread: −0.156% → 0.000%: −$15.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.74
Costs to cover: 0.140%
Break-even: 23.4 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.0891%	1h	4.7692	−0.120%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0479%	4h	4.7636	−0.239%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0440%	1h	4.7650	−0.209%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0378%	1h	4.7701	−0.102%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0196%	4h	4.7720	−0.063%	$26.0M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0186%	1h	4.7690	−0.125%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7693	−0.119%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.068%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.195%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.053%	$208K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7732	−0.038%	$32K	$849K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7762	+0.026%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.7750	long leg	$11K	—	150x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.608%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0045%	8h	4.7675	−0.156%	$7K	$2K	5x
Polymarket Perps LIT-USD	+0.0075%	1h	4.7714	−0.075%	$451K	$104K	10x	as long as short
Nado LIT-PERP	+0.0082%	1h	4.7685	−0.136%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7790	+0.084%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7758	+0.017%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7720	−0.063%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7684	−0.138%	$76.2M	$79.9M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7690	−0.125%	$42.9M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7708	−0.088%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.573%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7710	−0.084%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7685	−0.136%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7740	−0.021%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7768	+0.038%	$692K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7637	−0.236%	$290K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7738	−0.025%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7719	−0.065%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7697	−0.111%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7740	−0.021%	$191K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7690	−0.125%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7665	−0.178%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7685	−0.137%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7732	−0.037%	$795K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7784	+0.071%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0319%	1h	4.7820	+0.147%	$214.7M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7661	−0.186%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0353%	1h	4.7721	−0.060%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0190%	1h	4.7748	−0.003%	$64K	—	50x	as long as short