Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.019%

Price spread now: Paradex against Phoenix−0.242%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 0.242% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.242% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 20 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	Phoenix LIT	4.8015	0.0050	pay 0.0006% / 1h	37m 29s	$206K	$293K	5x
Short	Paradex LIT-USD-PERP	4.7899	0.0091	get 0.0091% / 8h	37m 29s	$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 −0.242%Rate

Funding earned: $8.6
Price spread: −0.242% → 0.000%: −$24.21
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$26.61
Costs to cover: 0.110%
Break-even: 28.6 days

Slippage unknown: Phoenix: live order book, 64 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, 64 min ago	2.10 bp	16.1 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 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
01 Exchange LITUSD	−0.0384%	1h	4.7829	−0.387%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0367%	4h	4.7931	−0.175%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.490%	$605K	$347K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0341%	1h	4.7991	−0.049%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0245%	1h	4.7880	−0.281%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0151%	4h	4.7873	−0.296%	$25.8M	$59.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0106%	4h	4.7950	−0.135%	$891K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0038%	1h	4.7980	−0.073%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7940	−0.155%	$34K	—	5x	as long as short
Bybit LITUSDT	0.0000%	4h	4.7872	−0.298%	$41.6M	$28.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8011	−0.009%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.052%	$422	$178K	5.5x	as long as short
Phoenix LITlong	+0.0050%	1h	4.8015	long leg	$206K	$293K	5x
RISEx LIT/USDC	+0.0064%	1h	4.7904	−0.230%	$801K	$2.3M	5x	as long as short
Phemex LITUSDT	+0.0075%	4h	4.7980	−0.073%	$1.4M	$2.7M	20x	as long as short
Paradex LIT-USD-PERPshort	+0.0091%	8h	4.7899	−0.242%	$7K	$2K	5x
Lighter LIT	+0.0096%	1h	4.7978	−0.077%	$59.7M	$26.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7865	−0.312%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7951	−0.134%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7860	−0.323%	$76.7M	$74.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7913	−0.212%	$125K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7931	−0.175%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7960	−0.115%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7873	−0.296%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7942	−0.152%	$5.5M	$938K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7900	−0.240%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8001	−0.029%	$767K	$944K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7933	−0.171%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7889	−0.262%	$450K	$82K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7984	−0.065%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7991	−0.050%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7982	−0.069%	$1K	$329K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7994	−0.044%	$200K	$299K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7897	−0.246%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7976	−0.082%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7995	−0.042%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0193%	4h	4.7989	−0.055%	$12.9M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0263%	1h	4.7976	−0.081%	$216.7M	$38.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0311%	1h	4.7969	−0.096%	$10K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7938	−0.160%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7912	−0.216%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7924	−0.190%	$32K	$653K	33x	as long as short