Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h −0.147%

Price spread now: Orderly against Paradex−0.660%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Orderly

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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Orderly is 0.660% cheaper against Paradex than usual: you would sell low and buy high (−$66 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	Paradex LIT-USD-PERP	4.7448	0.0040	pay 0.0040% / 8h	7h 03m	$7K	$2K	5x
Short	Orderly PERP_LIT_USDC	4.7135	−0.0484	pay 0.0242% / 4h	3h 03m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.660%Rate

Funding earned: −$110.06
Price spread: −0.660% → 0.000%: −$66.04
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$186.1
Costs to cover: 0.100%
Break-even: never at this rate

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

Paradex and Orderly: 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	−0.1125%	1h	4.7146	−0.637%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0484%	4h	4.7135	−0.660%	$32K	$2K	10x
01 Exchange LITUSD	−0.0456%	1h	4.7444	−0.009%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0400%	1h	4.7186	−0.553%	$85K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0233%	1h	4.7650	+0.425%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0193%	4h	4.7154	−0.620%	$25.6M	$63.2M	50x	as long as short
KuCoin LITUSDTM	−0.0146%	4h	4.7201	−0.521%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0116%	4h	4.7605	+0.330%	$905K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7439	−0.019%	$671K	$389K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7663	+0.452%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	+0.0002%	1h	4.7482	+0.071%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7212	−0.499%	$472	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.247%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPlong	+0.0040%	8h	4.7448	long leg	$7K	$2K	5x
Polymarket Perps LIT-USD	+0.0049%	1h	4.7372	−0.161%	$448K	$104K	10x	as long as short
Nado LIT-PERP	+0.0090%	1h	4.7380	−0.144%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7234	−0.452%	$59.1M	$30.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7424	−0.051%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7519	+0.149%	$589K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7130	−0.670%	$75.3M	$79.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7140	−0.650%	$42.4M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7495	+0.098%	$117K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7660	+0.447%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7300	−0.313%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7126	−0.679%	$5.4M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7190	−0.544%	$6.7M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7173	−0.580%	$684K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7738	+0.610%	$291K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7195	−0.533%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7492	+0.092%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7180	−0.566%	$1K	$458K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7178	−0.570%	$188K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7160	−0.608%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7149	−0.631%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7164	−0.599%	$147K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7533	+0.177%	$792K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7239	−0.441%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0295%	1h	4.7474	+0.054%	$213.2M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7116	−0.700%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0359%	1h	4.7680	+0.488%	$8K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0191%	1h	4.7194	−0.536%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7405	−0.091%	$31K	$849K	33x	as long as short