Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC−0.0143%/8h= −15.6% APRpaid last 24h −0.040%

Price spread now: Paradex against Perpl−0.156%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Perpl Short on Paradex

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 airdropPerpl: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.156% cheaper against Perpl than usual: you would sell low and buy high (−$16 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	Perpl LIT	4.7369	0.0112	pay 0.0010% / 43m	19m 23s	$31K	$841K	33x
Short	Paradex LIT-USD-PERP	4.7295	−0.0031	pay 0.0031% / 8h	2h 32m	$6K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Perpl. 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 PerplbpFee ParadexbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$29.98
Price spread: −0.156% → 0.000%: −$15.63
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$63.41
Costs to cover: 0.178%
Break-even: never at this rate

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

Perpl and 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	−0.1061%	1h	4.7396	+0.058%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0708%	4h	4.7370	+0.003%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0595%	4h	4.7331	−0.079%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.7285	−0.176%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0458%	1h	4.7395	+0.056%	$666K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0446%	4h	4.7360	−0.018%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0388%	1h	4.7397	+0.061%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0305%	4h	4.7392	+0.049%	$24.9M	$61.4M	50x	as long as short
KuCoin LITUSDTM	−0.0304%	4h	4.7298	−0.149%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0304%	4h	4.7340	−0.061%	$891K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0283%	4h	4.7390	+0.045%	$42.9M	$30.5M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7487	+0.249%	$657K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7438	+0.147%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0040%	1h	4.7307	−0.131%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0034%	1h	4.7375	+0.014%	$984	$487K	5x	as long as short
Paradex LIT-USD-PERPshort	−0.0031%	8h	4.7295	−0.156%	$6K	$2K	5x
dYdX LIT-USD	0.0000%	1h	4.7355	−0.028%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7425	+0.118%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7363	−0.011%	$815K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0016%	1h	4.7316	−0.111%	$447K	$105K	10x	as long as short
Bulk LIT-USD	+0.0018%	1h	4.7345	−0.049%	$119K	$6K	10x	as long as short
MEXC LIT_USDT	+0.0026%	4h	4.7330	−0.081%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0029%	4h	4.7317	−0.110%	$288K	$311K	10x	as long as short
Binance LITUSDT	+0.0030%	4h	4.7373	+0.009%	$74.8M	$81.0M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.417%	$422	$178K	5.5x	as long as short
Aevo LIT-PERP	+0.0040%	1h	4.7364	−0.009%	$148K	$44K	3x	as long as short
Nado LIT-PERP	+0.0055%	1h	4.7311	−0.121%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7403	+0.073%	$59.4M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7432	+0.134%	$210.9M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7378	+0.020%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7365	−0.008%	$585K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7334	−0.073%	$117K	$447K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7380	+0.024%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7400	+0.066%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7429	+0.127%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7426	+0.121%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7453	+0.178%	$190K	$329K	30x	as long as short
BloFin LIT-USDT	+0.0106%	4h	4.7380	+0.024%	$1.5M	$2.0M	75x	as long as short
Perpl LITlong	+0.0112%	43m	4.7369	long leg	$31K	$841K	33x
Aftermath Perps LITUSD	+0.0198%	1h	4.7404	+0.075%	$12K	$199K	10x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7421	+0.111%	$3.7M	$14.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7437	+0.144%	$59K	—	50x	as long as short