Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0468%/8h= −51.3% APRpaid last 24h −0.147%

Price spread now: Orderly against Paradex−0.098%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Orderly

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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.098% cheaper against Paradex than usual: you would sell low and buy high (−$10 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	Paradex LIT-USD-PERP	4.7021	0.0074	pay 0.0074% / 8h	4h 18m	$6K	$2K	5x
Short	Orderly PERP_LIT_USDC	4.6975	−0.0394	pay 0.0197% / 4h	18m 25s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.098%Rate

Funding earned: −$98.3
Price spread: −0.098% → 0.000%: −$9.8
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$118.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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	−0.0408%	1h	4.7009	−0.026%	$33K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0399%	1h	4.6970	−0.108%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0394%	4h	4.6975	−0.098%	$32K	$1K	10x
Bullet LIT-USD	−0.0295%	1h	4.6998	−0.049%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.249%	$613K	$398K	50x	as long as short
Gate LIT_USDT	−0.0134%	4h	4.7030	+0.019%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0080%	4h	4.7010	−0.024%	$41.3M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0046%	4h	4.6940	−0.172%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.7025	+0.008%	$202K	$305K	5x	as long as short
Extended LIT-USD	−0.0016%	1h	4.7023	+0.003%	$5.1M	$5.0M	25x	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	0.0000%	1h	4.7081	+0.127%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7048	+0.058%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0011%	4h	4.7017	−0.009%	$25.3M	$61.2M	50x	as long as short
KuCoin LITUSDTM	+0.0026%	4h	4.7016	−0.011%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.167%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0069%	1h	4.7022	+0.002%	$439K	$109K	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7050	+0.062%	$791K	$2.1M	5x	as long as short
Paradex LIT-USD-PERPlong	+0.0074%	8h	4.7021	long leg	$6K	$2K	5x
Nado LIT-PERP	+0.0082%	1h	4.7024	+0.005%	$2.2M	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.6910	−0.236%	$56K	$76K	50x	as long as short
Backpack LIT_USDC_PERP	+0.0088%	1h	4.6998	−0.049%	$657K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7101	+0.170%	$58.7M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7033	+0.025%	$3.7M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7094	+0.155%	$210.6M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7045	+0.051%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7001	−0.044%	$75.2M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7047	+0.055%	$117K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.268%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7005	−0.034%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	+0.019%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6919	−0.218%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6947	−0.158%	$906K	$1.7M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7000	−0.045%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6959	−0.132%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6985	−0.077%	$1K	$380K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6977	−0.094%	$199K	$361K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6937	−0.180%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0227%	4h	4.7107	+0.183%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0270%	1h	4.6984	−0.080%	$10K	$204K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.7077	+0.120%	$32K	$760K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6955	−0.141%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7034	+0.027%	$65K	—	50x	as long as short