Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.015%

Price spread now: Paradex against Phoenix−0.048%7-day average — · you buy dearer than you sell

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

Long on Phoenix 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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.048% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 29 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7401	−0.0102	get 0.0013% / 1h	26m 52s	$205K	$352K	5x
Short	Paradex LIT-USD-PERP	4.7378	0.0033	get 0.0033% / 8h	6h 26m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phoenix. 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 PhoenixbpFee ParadexbpOrdersPrice spread, now −0.048%Rate

Funding earned: $28.39
Price spread: −0.048% → 0.000%: −$4.84
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $12.55
Costs to cover: 0.110%
Break-even: 3.9 days

Slippage unknown: Phoenix: live order book, 39 min ago; 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 Phoenix live order book, 39 min ago	2.10 bp	16.0 bp −$16	57.9 bp −$579	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 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	−0.068%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7355	−0.097%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0463%	4h	4.7291	−0.232%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0460%	1h	4.7366	−0.073%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.445%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.612%	$906K	$1.8M	10x	as long as short
Gate LIT_USDT	−0.0156%	4h	4.7330	−0.150%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0146%	4h	4.7420	+0.040%	$25.7M	$64.0M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7363	−0.080%	$5.3M	$1.1M	30x	as long as short
Phoenix LITlong	−0.0102%	1h	4.7401	long leg	$205K	$352K	5x

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	+0.016%	$671K	$374K	50x	as long as short
Phemex LITUSDT	−0.0078%	4h	4.7350	−0.108%	$1.4M	$2.7M	20x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7392	−0.019%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7431	+0.062%	$475	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0029%	1h	4.7414	+0.027%	$684K	$1.4M	5x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−1.033%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERPshort	+0.0033%	8h	4.7378	−0.048%	$7K	$2K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.348%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0046%	4h	4.7392	−0.019%	$42.4M	$29.2M	75x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7385	−0.034%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7430	+0.061%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7446	+0.095%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7465	+0.135%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7357	−0.093%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7456	+0.116%	$212.4M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7471	+0.147%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7415	+0.030%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7381	−0.042%	$75.6M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7407	+0.013%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7336	−0.137%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−0.023%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.546%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7393	−0.017%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7406	+0.011%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7409	+0.017%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.388%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7317	−0.176%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7356	−0.096%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0268%	1h	4.7176	−0.475%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7405	+0.008%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7421	+0.043%	$31K	$860K	33x	as long as short