Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC+0.0373%/8h= +40.8% APRpaid last 24h +0.047%

Price spread now: Perpl against Paradex+0.065%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 Perpl

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 · Perpl: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Perpl is 0.065% dearer against Paradex than usual: you sell high and buy low: +$7 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	4.6904	0.0074	pay 0.0074% / 8h	5h 09m	$7K	$2K	5x
Short	Perpl LIT	4.6935	0.0447	get 0.0040% / 43m	40m 12s	$31K	$806K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.065%Rate

Funding earned: $78.33
Price spread: +0.065% → 0.000%: $6.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $67.03
Costs to cover: 0.178%
Break-even: 1.0 days

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

Paradex and Perpl: 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
Orderly PERP_LIT_USDC	−0.0380%	4h	4.6886	−0.039%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.6885	−0.041%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0305%	1h	4.6960	+0.119%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0258%	1h	4.6925	+0.044%	$84K	$68K	20x	as long as short
ApeX Omni LITUSDT	−0.0119%	1h	4.6960	+0.119%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0092%	4h	4.6960	+0.119%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7010	+0.226%	$202K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.223%	$611K	$411K	50x	as long as short
Phemex LITUSDT	−0.0009%	4h	4.6920	+0.034%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6978	+0.157%	$11K	—	150x	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	+0.0005%	1h	4.6918	+0.029%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0019%	4h	4.6968	+0.136%	$25.2M	$61.8M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.422%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0040%	4h	4.6974	+0.149%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERPlong	+0.0074%	8h	4.6904	long leg	$7K	$2K	5x
Bybit LITUSDT	+0.0076%	4h	4.6930	+0.055%	$41.6M	$28.5M	75x	as long as short
GRVT LIT_USDT_Perp	+0.0084%	4h	4.7000	+0.205%	$905K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6989	+0.181%	$58.5M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7015	+0.236%	$3.6M	$13.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6955	+0.110%	$783K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6915	+0.023%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7016	+0.239%	$210.1M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6929	+0.053%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6930	+0.056%	$74.8M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6935	+0.066%	$122K	$454K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6938	+0.072%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6970	+0.141%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6986	+0.175%	$666K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6928	+0.051%	$286K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6924	+0.042%	$438K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6984	+0.171%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6916	+0.025%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6965	+0.130%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7012	+0.230%	$199K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7305	+0.855%	$118K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6923	+0.040%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6937	+0.069%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0207%	1h	4.7047	+0.304%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0211%	4h	4.6959	+0.117%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6917	+0.028%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0416% / S −0.0214%	1h	4.6973	+0.148%	$63K	—	50x	as long as short
Perpl LITshort	+0.0447%	43m	4.6935	+0.065%	$31K	$806K	33x