Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.005%

Price spread now: Bulk against Paradex−0.095%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bulk

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. Bulk is 0.095% cheaper against Paradex than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LIT-USD-PERP	4.7398	0.0022	pay 0.0022% / 8h	28m 26s	$7K	$2K	5x
Short	Bulk LIT-USD	4.7353	0.0100	get 0.0013% / 1h	28m 26s	$118K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.095%Rate

Funding earned: $16.39
Price spread: −0.095% → 0.000%: −$9.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$4.14
Costs to cover: 0.110%
Break-even: 8.8 days

Slippage unknown: Paradex: no order-book sample; Bulk: live order book, 50 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 Bulk live order book, 50 min ago	0.96 bp	7.7 bp −$8	14.8 bp −$148	50.1 bp −$5,006	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
Gate LIT_USDT	−0.0872%	4h	4.7450	+0.109%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0584%	4h	4.7366	−0.068%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7371	−0.057%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0557%	1h	4.7447	+0.103%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0414%	4h	4.7414	+0.033%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0355%	4h	4.7420	+0.046%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0333%	1h	4.7405	+0.014%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0208%	4h	4.7416	+0.038%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.443%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0108%	4h	4.7364	−0.073%	$900K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7369	−0.062%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0043%	4h	4.7410	+0.025%	$42.7M	$30.0M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7432	+0.072%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7452	+0.113%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7438	+0.085%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7454	+0.118%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERPlong	+0.0022%	8h	4.7398	long leg	$7K	$2K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.354%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0083%	4h	4.7384	−0.031%	$288K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0086%	4h	4.7388	−0.021%	$5.5M	$4.1M	100x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7418	+0.043%	$148K	$44K	3x	as long as short
Binance LITUSDT	+0.0092%	4h	4.7388	−0.021%	$75.5M	$81.4M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7485	+0.183%	$59.7M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7415	+0.036%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7495	+0.204%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7441	+0.090%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7434	+0.076%	$120K	$456K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7353	−0.095%	$118K	$4K	10x
Bitget LITUSDT	+0.0100%	4h	4.7430	+0.067%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7446	+0.101%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7370	−0.059%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7436	+0.080%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7466	+0.144%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7386	−0.026%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7451	+0.112%	$985	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.095%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7406	+0.017%	$5.2M	$5.1M	25x	as long as short
Aftermath Perps LITUSD	+0.0167%	1h	4.7480	+0.173%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7497	+0.209%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0212%	1h	4.7497	+0.209%	$213.0M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0328%	4h	4.7369	−0.062%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7435	+0.078%	$62K	—	50x	as long as short