Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h +0.013%

Price spread now: Paradex against Polymarket Perps+0.098%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps 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

The price spread pays, funding is against you. Paradex is 0.098% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LIT-USD	4.7150	0.0100	pay 0.0013% / 1h	48m 56s	$446K	$104K	10x
Short	Paradex LIT-USD-PERP	4.7196	0.0041	get 0.0041% / 8h	6h 48m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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 Polymarket PerpsbpFee ParadexbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$12.29
Price spread: +0.098% → 0.000%: $9.82
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 19 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 Polymarket Perps live order book, 19 min ago	3.24 bp	9.8 bp −$10	20.3 bp −$203	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 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	−0.0581%	1h	4.7132	−0.038%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7127	−0.049%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0469%	4h	4.7094	−0.119%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0413%	1h	4.7106	−0.093%	$85K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0212%	1h	4.7157	+0.015%	$683K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0175%	4h	4.7169	+0.040%	$25.6M	$64.0M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.543%	$899K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0126%	4h	4.7163	+0.028%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0110%	4h	4.7160	+0.021%	$2.8M	$4.2M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.577%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.125%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7212	+0.132%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7190	+0.084%	$472	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.888%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0041%	8h	4.7196	+0.098%	$7K	$2K	5x
RISEx LIT/USDC	+0.0081%	1h	4.7200	+0.107%	$787K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7215	+0.138%	$59.1M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.523%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7145	−0.011%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7232	+0.174%	$211.7M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7234	+0.179%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7233	+0.176%	$586K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7136	−0.030%	$75.3M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7142	−0.017%	$42.4M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7187	+0.078%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7132	−0.038%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7200	+0.106%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.652%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	−0.042%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.7150	long leg	$446K	$104K	10x
Derive LIT-PERP	+0.0100%	1h	4.7154	+0.008%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7198	+0.102%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7121	−0.062%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	+0.221%	$189K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7120	−0.064%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7149	−0.003%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7120	−0.064%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7224	+0.157%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0332%	1h	4.7139	−0.024%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	−0.023%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0194%	1h	4.7144	−0.012%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7218	+0.143%	$31K	$860K	33x	as long as short