Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.007%

Price spread now: Derive against Paradex+0.229%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Derive

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Derive is 0.229% dearer against Paradex than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LIT-USD-PERP	4.6967	0.0043	pay 0.0043% / 8h	6h 47m	$7K	$2K	5x
Short	Derive LIT-PERP	4.7075	0.0100	get 0.0013% / 1h	47m 22s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Paradex. 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 ParadexbpFee DerivebpOrdersPrice spread, now +0.229%Rate

Funding earned: $11.87
Price spread: +0.229% → 0.000%: $22.9
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Derive: 3 bp × 2 orders: −$6
Net: $24.77
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Derive: 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 Paradex no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Paradex and Derive: 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	−0.0812%	1h	4.7045	+0.164%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6949	−0.039%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0467%	4h	4.6953	−0.031%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0392%	1h	4.7008	+0.086%	$84K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0196%	1h	4.7079	+0.237%	$682K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0173%	4h	4.7000	+0.069%	$25.6M	$63.8M	50x	as long as short
Gate LIT_USDT	−0.0170%	4h	4.7040	+0.154%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7066	+0.210%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0122%	4h	4.7120	+0.325%	$895K	$1.8M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7162	+0.414%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.514%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7022	+0.117%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7048	+0.172%	$471	—	150x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	+0.050%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.284%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERPlong	+0.0043%	8h	4.6967	long leg	$7K	$2K	5x
RISEx LIT/USDC	+0.0081%	1h	4.7035	+0.143%	$784K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7055	+0.186%	$58.9M	$29.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6975	+0.016%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7075	+0.228%	$211.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7055	+0.186%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7024	+0.120%	$583K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6995	+0.059%	$75.1M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7030	+0.133%	$42.2M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7004	+0.078%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6971	+0.007%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7020	+0.112%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7154	+0.397%	$287K	$306K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7150	+0.389%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6997	+0.063%	$444K	$104K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7075	+0.229%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7065	+0.208%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7050	+0.176%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	+0.610%	$189K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7030	+0.133%	$1.4M	$2.7M	20x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7090	+0.261%	$3.7M	$13.2M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6963	−0.010%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7019	+0.110%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0339%	1h	4.7101	+0.285%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.365%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0195%	1h	4.7045	+0.164%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7034	+0.142%	$31K	$861K	33x	as long as short