Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.050%

Price spread now: Paradex against Perpl−0.185%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

Funding pays, the price is against you. Paradex is 0.185% cheaper against Perpl than usual: you would sell low and buy high (spread −0.185% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7500	0	get 0.0000% / 43m	4m 23s	$31K	$855K	33x
Short	Paradex LIT-USD-PERP	4.7412	0.0040	get 0.0040% / 8h	7h 25m	$7K	$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 −0.185%Rate

Funding earned: $8.49
Price spread: −0.185% → 0.000%: −$18.55
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: −$27.86
Costs to cover: 0.178%
Break-even: 30.0 days

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	−0.0666%	1h	4.7471	−0.061%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0511%	4h	4.7440	−0.126%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7412	−0.185%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0358%	1h	4.7473	−0.057%	$85K	$75K	20x	as long as short
ApeX Omni LITUSDT	−0.0303%	1h	4.7390	−0.232%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0211%	4h	4.7483	−0.036%	$25.8M	$63.7M	50x	as long as short
KuCoin LITUSDTM	−0.0142%	4h	4.7440	−0.126%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.7450	−0.105%	$902K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7619	+0.252%	$674K	$406K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7684	+0.387%	$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
Perpl LITlong	0.0000%	43m	4.7500	long leg	$31K	$855K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7511	+0.022%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7502	+0.004%	$34K	—	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.137%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0040%	8h	4.7412	−0.185%	$7K	$2K	5x
Nado LIT-PERP	+0.0047%	1h	4.7425	−0.158%	$2.2M	$1.7M	10x	as long as short
Gate LIT_USDT	+0.0070%	4h	4.7450	−0.105%	$2.8M	$4.5M	50x	as long as short
Polymarket Perps LIT-USD	+0.0080%	1h	4.7493	−0.015%	$449K	$104K	10x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.7547	+0.099%	$119K	$1K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7540	+0.084%	$59.5M	$29.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7512	+0.026%	$12.7M	$2.2M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7487	−0.027%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7469	−0.065%	$75.8M	$80.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7480	−0.042%	$42.8M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7457	−0.091%	$117K	$450K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7454	−0.097%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7490	−0.021%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7456	−0.093%	$687K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7428	−0.152%	$289K	$307K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7512	+0.025%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7453	−0.099%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7486	−0.029%	$991	$459K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7475	−0.053%	$189K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7450	−0.105%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7464	−0.075%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7459	−0.086%	$148K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7473	−0.057%	$791K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7542	+0.088%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0289%	1h	4.7564	+0.135%	$213.4M	$44.3M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7465	−0.074%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0363%	1h	4.7564	+0.135%	$9K	$202K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0395% / S −0.0186%	1h	4.7510	+0.022%	$64K	—	50x	as long as short