Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.008%

Price spread now: Backpack against Paradex+0.165%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Backpack

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 airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.165% dearer against Paradex than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LIT-USD-PERP	4.7558	−0.0023	get 0.0023% / 8h	2h 14m	$6K	$2K	5x
Short	Backpack LIT_USDC_PERP	4.7637	−0.0244	pay 0.0031% / 1h	14m 37s	$669K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$46.46
Price spread: +0.165% → 0.000%: $16.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$43.93
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 4 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 4 min ago	0.94 bp	6.4 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit

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	−0.1042%	1h	4.7605	+0.097%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7562	+0.008%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0568%	4h	4.7580	+0.045%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7620	+0.129%	$2.8M	$4.5M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7536	−0.047%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7594	+0.075%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0332%	4h	4.7577	+0.039%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7610	+0.108%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0280%	4h	4.7647	+0.186%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	+0.050%	$901K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERPshort	−0.0244%	1h	4.7637	+0.165%	$669K	$1.5M	5x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.342%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0067%	1h	4.7610	+0.109%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	+0.214%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERPlong	−0.0023%	8h	4.7558	long leg	$6K	$2K	5x
SoDEX LIT-USD	−0.0020%	1h	4.7594	+0.075%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7646	+0.184%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7659	+0.212%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7636	+0.162%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7612	+0.113%	$450K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7577	+0.040%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.013%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7566	+0.016%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0045%	4h	4.7568	+0.020%	$75.3M	$81.5M	75x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7599	+0.085%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7581	+0.048%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7675	+0.245%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7686	+0.268%	$212.4M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7663	+0.220%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	+0.167%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7599	+0.085%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7610	+0.108%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	+0.193%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7654	+0.200%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7624	+0.138%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	+0.195%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.220%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7573	+0.032%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7665	+0.225%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	+0.113%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7651	+0.195%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7700	+0.298%	$3.7M	$14.2M	5x	as long as short