Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h −0.147%

Price spread now: Orderly against Paradex−0.184%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 Orderly

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

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Orderly is 0.184% cheaper against Paradex than usual: you would sell low and buy high (−$18 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	4.7378	0.0033	pay 0.0033% / 8h	6h 27m	$7K	$2K	5x
Short	Orderly PERP_LIT_USDC	4.7291	−0.0463	pay 0.0232% / 4h	2h 27m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.184%Rate

Funding earned: −$104.29
Price spread: −0.184% → 0.000%: −$18.37
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$132.66
Costs to cover: 0.100%
Break-even: never at this rate

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

Paradex and Orderly: 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 41 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	−0.0807%	1h	4.7369	−0.019%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7355	−0.049%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0463%	4h	4.7291	−0.184%	$32K	$2K	10x
Bullet LIT-USD	−0.0460%	1h	4.7366	−0.025%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.397%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.564%	$906K	$1.8M	10x	as long as short
Gate LIT_USDT	−0.0156%	4h	4.7380	+0.004%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0146%	4h	4.7397	+0.040%	$25.7M	$64.0M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7373	−0.011%	$5.3M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.7401	+0.048%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.065%	$671K	$374K	50x	as long as short
Phemex LITUSDT	−0.0078%	4h	4.7350	−0.059%	$1.4M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0001%	1h	4.7435	+0.120%	$685K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7392	+0.029%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7431	+0.111%	$475	—	150x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.985%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERPlong	+0.0033%	8h	4.7378	long leg	$7K	$2K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.397%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0046%	4h	4.7370	−0.017%	$42.4M	$29.3M	75x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7385	+0.015%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7430	+0.110%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7446	+0.143%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7465	+0.184%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7357	−0.044%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7448	+0.148%	$212.3M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7444	+0.139%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7415	+0.078%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7355	−0.049%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7407	+0.061%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7364	−0.030%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7410	+0.067%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.498%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7393	+0.032%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7406	+0.060%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7409	+0.065%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.340%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7343	−0.075%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7356	−0.048%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0268%	1h	4.7176	−0.427%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7405	+0.056%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7421	+0.091%	$31K	$860K	33x	as long as short