Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0550%/8h= −60.2% APRpaid last 24h −0.055%

Price spread now: Phemex against Paradex+0.056%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 Phemex

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

The price spread pays, funding is against you. Phemex is 0.056% dearer against Paradex than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LIT-USD-PERP	4.7523	−0.0019	get 0.0019% / 8h	2h 25m	$6K	$2K	5x
Short	Phemex LITUSDT	4.7550	−0.0570	pay 0.0285% / 4h	2h 25m	$1.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$115.53
Price spread: +0.056% → 0.000%: $5.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$125.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago	6.31 bp	35.5 bp −$35	doesn't fit	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0831%	1h	4.7574	+0.106%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0694%	4h	4.7520	−0.007%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0607%	4h	4.7525	+0.004%	$33K	$2K	10x	as long as short
Phemex LITUSDTshort	−0.0570%	4h	4.7550	+0.056%	$1.3M	$2.7M	20x
01 Exchange LITUSD	−0.0568%	1h	4.7495	−0.059%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0374%	1h	4.7569	+0.096%	$668K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0363%	1h	4.7554	+0.065%	$86K	$81K	20x	as long as short
Bybit LITUSDT	−0.0341%	4h	4.7507	−0.034%	$43.0M	$30.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0312%	4h	4.7512	−0.024%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTM	−0.0302%	4h	4.7581	+0.122%	$5.3M	$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
GRVT LIT_USDT_Perp	−0.0292%	4h	4.7463	−0.126%	$906K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.417%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7537	+0.029%	$247K	$321K	5x	as long as short
Extended LIT-USD	−0.0024%	1h	4.7488	−0.074%	$5.3M	$5.1M	25x	as long as short
Paradex LIT-USD-PERPlong	−0.0019%	8h	4.7523	long leg	$6K	$2K	5x
dYdX LIT-USD	0.0000%	1h	4.7558	+0.073%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7622	+0.207%	$35K	—	150x	as long as short
SoDEX LIT-USD	+0.0006%	1h	4.7559	+0.075%	$1K	$487K	5x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7588	+0.135%	$819K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0021%	1h	4.7535	+0.025%	$2.1M	$1.7M	10x	as long as short
edgeX LITUSDC	+0.0030%	4h	4.7464	−0.125%	$289K	$312K	10x	as long as short
Polymarket Perps LIT-USD	+0.0032%	1h	4.7557	+0.071%	$449K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7510	−0.028%	$5.8M	$4.2M	100x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.087%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0035%	4h	4.7500	−0.049%	$75.1M	$81.2M	75x	as long as short
Bulk LIT-USD	+0.0037%	1h	4.7479	−0.093%	$119K	$6K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7573	+0.106%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7592	+0.145%	$59.6M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7564	+0.086%	$211.3M	$45.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7571	+0.100%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7591	+0.143%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7550	+0.056%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7530	+0.014%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7490	−0.070%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7607	+0.177%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7601	+0.164%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7590	+0.140%	$190K	$329K	30x	as long as short
Aftermath Perps LITUSD	+0.0103%	1h	4.7525	+0.004%	$12K	$199K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7602	+0.166%	$31K	$838K	33x	as long as short
BloFin LIT-USDT	+0.0136%	4h	4.7567	+0.092%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7601	+0.163%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0384%	1h	4.7610	+0.183%	$3.7M	$14.2M	5x	as long as short