Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.102%

Price spread now: Paradex against GMX−0.146%7-day average — · you buy dearer than you sell

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

Long on GMX 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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Paradex is 0.146% cheaper against GMX than usual: you would sell low and buy high (−$15 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	GMX LIT/USD [ETH-USDC]	4.7127	L +0.0356% / S −0.0155%	pay 0.0045% / 1h	49m 23s	$59K	—	50x
Short	Paradex LIT-USD-PERP	4.7059	−0.0008	pay 0.0008% / 8h	1h 49m	$6K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GMX. 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 GMXbpFee ParadexbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$76.54
Price spread: −0.146% → 0.000%: −$14.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$107.13
Costs to cover: 0.160%
Break-even: never at this rate

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

GMX 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	−0.0985%	1h	4.7050	−0.164%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0874%	4h	4.7110	−0.037%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0633%	4h	4.7002	−0.266%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0527%	4h	4.7050	−0.164%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0468%	1h	4.7097	−0.064%	$661K	$1.5M	5x	as long as short
01 Exchange LITUSD	−0.0464%	1h	4.7026	−0.215%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0411%	4h	4.7081	−0.098%	$25.2M	$62.2M	50x	as long as short
Bullet LIT-USD	−0.0350%	1h	4.7080	−0.100%	$84K	$81K	20x	as long as short
Bybit LITUSDT	−0.0286%	4h	4.7090	−0.079%	$42.6M	$30.6M	75x	as long as short
KuCoin LITUSDTM	−0.0286%	4h	4.7147	+0.042%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0198%	4h	4.7078	−0.104%	$899K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0176%	1h	4.7177	+0.105%	$10K	$202K	10x	as long as short
Nado LIT-PERP	−0.0155%	1h	4.7088	−0.082%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.260%	$660K	$389K	50x	as long as short
SoDEX LIT-USD	−0.0114%	1h	4.7070	−0.122%	$1K	$469K	5x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7128	+0.002%	$785K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7152	+0.052%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERPshort	−0.0008%	8h	4.7059	−0.146%	$6K	$2K	5x
dYdX LIT-USD	0.0000%	1h	4.7145	+0.038%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7129	+0.004%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.937%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0042%	4h	4.7093	−0.072%	$286K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0046%	4h	4.7064	−0.134%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0048%	4h	4.7054	−0.156%	$74.6M	$81.5M	75x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7055	−0.154%	$147K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0064%	1h	4.7130	+0.006%	$55K	$78K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.7166	+0.082%	$59.3M	$29.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7159	+0.067%	$210.2M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7150	+0.049%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7116	−0.024%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7094	−0.071%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7055	−0.154%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	−0.016%	$6.7M	$2.7M	20x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7094	−0.071%	$445K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7104	−0.050%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7081	−0.098%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7177	+0.105%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7073	−0.116%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0175%	4h	4.7054	−0.156%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7130	+0.006%	$31K	$837K	33x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0356% / S −0.0155%	1h	4.7127	long leg	$59K	—	50x
Lighter RH LIT	+0.0504%	1h	4.7186	+0.124%	$3.7M	$13.5M	5x	as long as short