Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.049%

Price spread now: GMX against Paradex+0.157%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 GMX

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.157% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LIT-USD-PERP	4.7648	0.0048	pay 0.0048% / 8h	7h 12m	$7K	$2K	5x
Short	GMX LIT/USD [ETH-USDC]	4.7723	L +0.0399% / S −0.0189%	get 0.0024% / 1h	12m 51s	$64K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $29.46
Price spread: +0.157% → 0.000%: $15.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $29.15
Costs to cover: 0.160%
Break-even: 0.1 days

Slippage unknown: Paradex: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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	−0.0722%	1h	4.7692	+0.092%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7635	−0.028%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7615	−0.070%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0353%	1h	4.7669	+0.044%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0196%	4h	4.7682	+0.070%	$25.9M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	+0.192%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0134%	4h	4.7684	+0.075%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.282%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0054%	4h	4.7731	+0.173%	$913K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	+0.133%	$207K	$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	4.7715	+0.140%	$32K	$852K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7680	+0.067%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7750	+0.214%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.822%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPlong	+0.0048%	8h	4.7648	long leg	$7K	$2K	5x
Nado LIT-PERP	+0.0059%	1h	4.7665	+0.035%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7691	+0.089%	$451K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7757	+0.228%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7765	+0.245%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7697	+0.102%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7659	+0.021%	$76.2M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7671	+0.047%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7686	+0.079%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.362%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7700	+0.108%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7664	+0.033%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7710	+0.129%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7715	+0.140%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7665	+0.035%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7733	+0.178%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7675	+0.056%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7681	+0.068%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7773	+0.261%	$191K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7700	+0.108%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7659	+0.023%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7715	+0.140%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7704	+0.116%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7754	+0.222%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7625	−0.049%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0341%	1h	4.7781	+0.278%	$214.5M	$43.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0380%	1h	4.7655	+0.013%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0399% / S −0.0189%	1h	4.7723	+0.157%	$64K	—	50x