Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.017%

Price spread now: Paradex against gTrade (Gains Network)−0.113%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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 0.113% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7641	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	42m 27s	$11K	—	150x
Short	Paradex LIT-USD-PERP	4.7587	0.0090	get 0.0090% / 8h	1h 42m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.113%Rate

Funding earned: $18.26
Price spread: −0.113% → 0.000%: −$11.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.07
Costs to cover: 0.140%
Break-even: 9.7 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.0497%	1h	4.7615	−0.054%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	+0.253%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.7548	−0.195%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7573	−0.143%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0248%	1h	4.7608	−0.068%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0172%	4h	4.7626	−0.031%	$25.5M	$61.1M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0115%	1h	4.7655	+0.030%	$672K	$1.1M	5x	as long as short
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7668	+0.056%	$880K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7661	+0.043%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.7641	long leg	$11K	—	150x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7699	+0.122%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.838%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0040%	1h	4.7650	+0.019%	$57K	$73K	50x	as long as short
Phemex LITUSDT	+0.0068%	4h	4.7630	−0.023%	$1.3M	$2.8M	20x	as long as short
KuCoin LITUSDTM	+0.0068%	4h	4.7657	+0.034%	$5.3M	$989K	30x	as long as short
Bybit LITUSDT	+0.0071%	4h	4.7604	−0.077%	$41.2M	$28.6M	75x	as long as short
Paradex LIT-USD-PERPshort	+0.0090%	8h	4.7587	−0.113%	$7K	$2K	5x
Lighter LIT	+0.0096%	1h	4.7671	+0.063%	$59.3M	$27.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7595	−0.096%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	−0.007%	$618K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7593	−0.101%	$76.2M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7604	−0.077%	$123K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7600	−0.086%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7650	+0.019%	$2.7M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7592	−0.103%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7640	−0.002%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7649	+0.017%	$291K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7606	−0.073%	$447K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7642	+0.002%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7617	−0.050%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7641	0.000%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7879	+0.500%	$199K	$322K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7585	−0.118%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7582	−0.124%	$149K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7637	−0.008%	$31K	$677K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7621	−0.043%	$794K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0187%	1h	4.7723	+0.172%	$9K	$210K	10x	as long as short
Aster LITUSDT	+0.0212%	4h	4.7679	+0.080%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0304%	1h	4.7707	+0.139%	$215.2M	$40.5M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7608	−0.069%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0344%	1h	4.7683	+0.088%	$3.7M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7645	+0.009%	$64K	—	50x	as long as short