Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.091%

Price spread now: Bullet against Paradex−0.112%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 Bullet

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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bullet is 0.112% cheaper against Paradex than usual: you would sell low and buy high (−$11 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	Paradex LIT-USD-PERP	4.8413	0.0094	pay 0.0094% / 8h	2h 18m	$7K	$2K	5x
Short	Bullet LIT-USD	4.8359	−0.0171	pay 0.0021% / 1h	18m 34s	$87K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$55.78
Price spread: −0.112% → 0.000%: −$11.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$78.97
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bullet: 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 Paradex no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Paradex and Bullet: 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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	+0.118%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0354%	4h	4.8324	−0.184%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0267%	1h	4.8369	−0.091%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0216%	1h	4.8602	+0.390%	$32K	$4K	5x	as long as short
Bullet LIT-USDshort	−0.0171%	1h	4.8359	−0.112%	$87K	$66K	20x
Phemex LITUSDT	−0.0162%	4h	4.8380	−0.068%	$1.4M	$2.8M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0144%	4h	4.7790	−1.287%	$891K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0141%	4h	4.8611	+0.409%	$26.1M	$62.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.8141	−0.562%	$207K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8608	+0.403%	$845K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8471	+0.120%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8401	−0.025%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.771%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0046%	4h	4.8432	+0.039%	$5.5M	$1.0M	30x	as long as short
Bybit LITUSDT	+0.0058%	4h	4.8620	+0.427%	$42.2M	$28.8M	75x	as long as short
Paradex LIT-USD-PERPlong	+0.0094%	8h	4.8413	long leg	$7K	$2K	5x
Lighter LIT	+0.0096%	1h	4.8480	+0.138%	$60.4M	$28.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8390	−0.048%	$2.2M	$1.7M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8465	+0.108%	$620K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8614	+0.415%	$78.1M	$77.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8609	+0.405%	$116K	$465K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−1.221%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8420	+0.014%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8510	+0.200%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8610	+0.407%	$6.9M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8375	−0.079%	$678K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8045	−0.759%	$294K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7750	−1.370%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8414	+0.002%	$455K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8389	−0.049%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8344	−0.143%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8357	−0.116%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8450	+0.076%	$201K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8563	+0.309%	$5.3M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8372	−0.084%	$151K	—	3x	as long as short
Hyperliquid LIT	+0.0177%	1h	4.8524	+0.229%	$218.0M	$40.6M	5x	as long as short
Lighter RH LIT	+0.0192%	1h	4.8500	+0.179%	$3.7M	$13.3M	5x	as long as short
Aster LITUSDT	+0.0227%	4h	4.8672	+0.535%	$13.0M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0280%	1h	4.7988	−0.878%	$15K	$211K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8370	−0.089%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0428% / S −0.0217%	1h	4.8389	−0.051%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8423	+0.021%	$33K	$684K	33x	as long as short