Funding you earn now, next payment 22:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.009%
Price spread now: Paradex against Lighter−0.309%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.309% cheaper against Lighter than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7283 | 0.0096 | pay 0.0012% / 1h | 1m 43s | $59.4M | $30.4M | 5x |
| Short | Paradex LIT-USD-PERP | 4.7137 | −0.0031 | pay 0.0031% / 8h | 2h 01m | $6K | $2K | 5x |
Lighter LIT
Paradex LIT-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.65
- Price spread: −0.309% → 0.000%
- −$30.9
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$61.55
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 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 Lighter live order book, 7 min ago | 2.11 bp | 7.1 bp −$7 | 26.5 bp −$265 | 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 | −0.1033% | 1h | 4.7260 | −0.048% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0782% | 4h | 4.7220 | −0.133% | $2.8M | $4.6M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0625% | 4h | 4.7186 | −0.205% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0600% | 1h | 4.7091 | −0.406% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0600% | 4h | 4.7210 | −0.154% | $1.3M | $2.8M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0380% | 4h | 4.7193 | −0.190% | $25.1M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0361% | 1h | 4.7223 | −0.127% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0328% | 4h | 4.7230 | −0.112% | $42.7M | $30.8M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0308% | 4h | 4.7263 | −0.042% | $5.2M | $1.1M | 30x | as long as short |
| Backpack LIT_USDC_PERP | −0.0305% | 1h | 4.7253 | −0.063% | $664K | $1.5M | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTM
Backpack LIT_USDC_PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0258% | 4h | 4.7093 | −0.401% | $894K | $1.9M | 10x | as long as short |
| Aftermath Perps LITUSD | −0.0202% | 1h | 4.7257 | −0.055% | $10K | $202K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.927% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7150 | −0.281% | $245K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0049% | 1h | 4.7245 | −0.080% | $1K | $487K | 5x | as long as short |
| Paradex LIT-USD-PERPshort | −0.0031% | 8h | 4.7137 | −0.309% | $6K | $2K | 5x | |
| Nado LIT-PERP | −0.0002% | 1h | 4.7146 | −0.291% | $2.1M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7268 | −0.031% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7288 | +0.011% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7194 | −0.188% | $756K | $2.1M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0021% | 1h | 4.7170 | −0.239% | $445K | $105K | 10x | as long as short |
| MEXC LIT_USDT | +0.0026% | 4h | 4.7194 | −0.188% | $5.8M | $4.3M | 100x | as long as short |
| Binance LITUSDT | +0.0031% | 4h | 4.7183 | −0.212% | $74.8M | $81.7M | 75x | as long as short |
| edgeX LITUSDC | +0.0032% | 4h | 4.7110 | −0.366% | $287K | $311K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.601% | $422 | $178K | 5.5x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7195 | −0.187% | $148K | $44K | 3x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7283 | long leg | $59.4M | $30.4M | 5x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.7287 | +0.008% | $210.8M | $45.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7267 | −0.034% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7229 | −0.114% | $582K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7161 | −0.258% | $116K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7374 | +0.192% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7220 | −0.133% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.324% | $55K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7298 | +0.031% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7179 | −0.220% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7270 | −0.027% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7206 | −0.163% | $5.2M | $5.2M | 25x | as long as short |
| BloFin LIT-USDT | +0.0111% | 4h | 4.7170 | −0.239% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7228 | −0.115% | $31K | $843K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0357% / S −0.0155% | 1h | 4.7287 | +0.009% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0408% | 1h | 4.7314 | +0.066% | $3.7M | $14.3M | 5x | as long as short |
GRVT LIT_USDT_Perp
Aftermath Perps LITUSD
Coinbase International LIT-PERP-INTX
Phoenix LIT
SoDEX LIT-USD
Nado LIT-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Injective LIT/USDC PERP
Aevo LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT