Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC+0.0336%/8h= +36.8% APRpaid last 24h +0.044%

Price spread now: Perpl against Paradex+0.082%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 Perpl

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 · Perpl: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.082% dearer against Paradex than usual: you sell high and buy low: +$8 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	4.7154	−0.0002	get 0.0002% / 8h	1h 43m	$6K	$2K	5x
Short	Perpl LIT	4.7193	0.0335	get 0.0030% / 43m	13m 13s	$32K	$838K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.082%Rate

Funding earned: $70.65
Price spread: +0.082% → 0.000%: $8.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $61.05
Costs to cover: 0.178%
Break-even: 1.0 days

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

Paradex and Perpl: 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	−0.0968%	4h	4.7180	+0.055%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0869%	1h	4.7150	−0.009%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0664%	1h	4.7166	+0.025%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.7093	−0.130%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7122	−0.068%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0540%	4h	4.7140	−0.030%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0422%	4h	4.7120	−0.072%	$25.2M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0350%	1h	4.7135	−0.040%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0312%	4h	4.7153	−0.002%	$42.6M	$30.5M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7201	+0.100%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0215%	1h	4.7154	−0.001%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0200%	4h	4.7104	−0.107%	$899K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.203%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7200	+0.098%	$786K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0058%	1h	4.7168	+0.028%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7125	−0.062%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERPlong	−0.0002%	8h	4.7154	long leg	$6K	$2K	5x
dYdX LIT-USD	0.0000%	1h	4.7235	+0.171%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7202	+0.102%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.879%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7135	−0.040%	$5.6M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0054%	4h	4.7112	−0.090%	$287K	$312K	10x	as long as short
Binance LITUSDT	+0.0055%	4h	4.7153	−0.003%	$74.8M	$81.1M	75x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7145	−0.019%	$1K	$467K	5x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7136	−0.039%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7231	+0.163%	$59.4M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7242	+0.186%	$210.6M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7223	+0.146%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7225	+0.151%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7182	+0.059%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7055	−0.210%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7200	+0.097%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	−0.051%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7189	+0.074%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7193	+0.083%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7186	+0.068%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7222	+0.144%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7128	−0.056%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0219%	4h	4.7141	−0.028%	$1.5M	$2.1M	75x	as long as short
Perpl LITshort	+0.0335%	43m	4.7193	+0.082%	$32K	$838K	33x
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7194	+0.086%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0384%	1h	4.7248	+0.199%	$3.7M	$13.5M	5x	as long as short