Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0435%/8h= +47.7% APRpaid last 24h +0.087%

Price spread now: Paradex against Bullet−0.404%7-day average — · you buy dearer than you sell

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

Long on Bullet 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 0.404% cheaper against Bullet than usual: you would sell low and buy high (spread −0.404% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 3.1 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet LIT-USD	4.7641	−0.0395	get 0.0049% / 1h	3m 37s	$85K	$72K	20x
Short	Paradex LIT-USD-PERP	4.7448	0.0040	get 0.0040% / 8h	7h 03m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bullet. 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 BulletbpFee ParadexbpOrdersPrice spread, now −0.404%Rate

Funding earned: $91.38
Price spread: −0.404% → 0.000%: −$40.42
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $38.96
Costs to cover: 0.120%
Break-even: 4.0 days

Slippage unknown: Bullet: 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 Bullet no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bullet 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	−0.0878%	1h	4.7620	−0.043%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0483%	4h	4.7572	−0.145%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0456%	1h	4.7444	−0.413%	$33K	$4K	5x	as long as short
Bullet LIT-USDlong	−0.0395%	1h	4.7641	long leg	$85K	$72K	20x
ApeX Omni LITUSDT	−0.0233%	1h	4.7650	+0.019%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0193%	4h	4.7384	−0.539%	$25.7M	$63.4M	50x	as long as short
KuCoin LITUSDTM	−0.0146%	4h	4.7523	−0.248%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0116%	4h	4.7605	−0.076%	$905K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.297%	$676K	$392K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.281%	$208K	$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	−0.334%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7690	+0.104%	$477	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.838%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0040%	8h	4.7448	−0.404%	$7K	$2K	5x
Polymarket Perps LIT-USD	+0.0059%	1h	4.7640	−0.002%	$450K	$104K	10x	as long as short
Nado LIT-PERP	+0.0090%	1h	4.7380	−0.548%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7566	−0.157%	$59.5M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7522	−0.250%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7519	−0.256%	$589K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7354	−0.603%	$75.7M	$79.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7357	−0.596%	$42.6M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7495	−0.306%	$117K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7660	+0.041%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7520	−0.254%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7468	−0.363%	$5.5M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7490	−0.317%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7649	+0.017%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7738	+0.203%	$291K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7671	+0.062%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7657	+0.034%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7627	−0.029%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7653	+0.025%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7620	−0.044%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7457	−0.386%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7605	−0.075%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7533	−0.228%	$792K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7571	−0.147%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0298%	1h	4.7589	−0.109%	$213.7M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7589	−0.109%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0354%	1h	4.7707	+0.138%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0191%	1h	4.7686	+0.095%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7671	+0.064%	$32K	$849K	33x	as long as short