Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Paradex against Lighter−0.219%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.219% cheaper against Lighter than usual: you would sell low and buy high (−$22 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	Lighter LIT	4.7697	0.0096	pay 0.0012% / 1h	5m 19s	$59.6M	$30.0M	5x
Short	Paradex LIT-USD-PERP	4.7593	0.0042	get 0.0042% / 8h	7h 05m	$7K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.219%Rate

Funding earned: −$11.28
Price spread: −0.219% → 0.000%: −$21.91
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.19
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 9 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 Lighter live order book, 9 min ago	0.52 bp	4.3 bp −$4	16.5 bp −$165	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
Deribit LIT_USDC-PERPETUAL	−0.0998%	1h	4.7619	−0.163%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0483%	4h	4.7554	−0.300%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0448%	1h	4.7578	−0.249%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0390%	1h	4.7610	−0.183%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0198%	4h	4.7633	−0.134%	$25.9M	$63.5M	50x	as long as short
ApeX Omni LITUSDT	−0.0194%	1h	4.7680	−0.036%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7681	−0.034%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0092%	4h	4.7680	−0.036%	$906K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.179%	$676K	$392K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.164%	$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
Perpl LIT	0.0000%	43m	4.7672	−0.052%	$32K	$849K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7671	−0.055%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7679	−0.037%	$477	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.719%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPshort	+0.0042%	8h	4.7593	−0.219%	$7K	$2K	5x
Polymarket Perps LIT-USD	+0.0064%	1h	4.7623	−0.155%	$450K	$104K	10x	as long as short
Nado LIT-PERP	+0.0087%	1h	4.7615	−0.172%	$2.2M	$1.7M	10x	as long as short
Lighter LITlong	+0.0096%	1h	4.7697	long leg	$59.6M	$30.0M	5x
Aster LITUSDT	+0.0100%	4h	4.7680	−0.036%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7658	−0.082%	$590K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7601	−0.201%	$76.1M	$79.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7620	−0.161%	$42.9M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7635	−0.130%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7660	−0.077%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7630	−0.140%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7599	−0.205%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7650	−0.099%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7653	−0.092%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7738	+0.085%	$291K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7658	−0.082%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7627	−0.147%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7630	−0.140%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7653	−0.092%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7600	−0.203%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7603	−0.197%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7596	−0.212%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7663	−0.071%	$794K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7697	0.000%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0307%	1h	4.7716	+0.040%	$214.2M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7767	+0.147%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0357%	1h	4.7714	+0.036%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0190%	1h	4.7655	−0.089%	$64K	—	50x	as long as short