Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.022%

Price spread now: Nado against Aster−0.195%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.195%, 7d avg −0.061%

Together, before fees+0.077%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.134% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.8118	0.0259	pay 0.0129% / 4h	14m 32s	$12.9M	$2.0M	50x
Short	Nado LIT-PERP	4.8025	0.0100	get 0.0012% / 1h	14m 32s	$2.2M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.195%Rate

Funding earned: −$33.36
Price spread: −0.195% → −0.061%: −$13.42
Slippage, 4 orders: −$19.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$81.53
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Nado: live order book, 4 min ago.

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 Aster live order book, 4 min ago	2.82 bp	10.7 bp −$11	25.8 bp −$258	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.94 bp	8.5 bp −$9	36.0 bp −$360	doesn't fit	doesn't fit

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	−0.0390%	1h	4.7943	−0.364%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7870	−0.516%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.704%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.8042	−0.159%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0217%	1h	4.7917	−0.418%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0162%	4h	4.8025	−0.194%	$25.8M	$59.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.620%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.579%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8083	−0.073%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7949	−0.351%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.163%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0038%	4h	4.8040	−0.163%	$41.6M	$27.7M	75x	as long as short
Phoenix LIT	+0.0050%	1h	4.7943	−0.364%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.8050	−0.142%	$800K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8101	−0.037%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8097	−0.044%	$59.9M	$26.8M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.8025	−0.195%	$2.2M	$1.6M	10x
Pacifica LIT	+0.0100%	1h	4.8087	−0.065%	$822K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8015	−0.214%	$77.0M	$73.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8038	−0.167%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8040	−0.163%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8035	−0.173%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8056	−0.130%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8080	−0.080%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7989	−0.269%	$684K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.545%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8032	−0.179%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7879	−0.498%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7898	−0.458%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7950	−0.350%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.410%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7920	−0.412%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.709%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8019	−0.206%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7928	−0.396%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0209%	1h	4.8109	−0.019%	$217.3M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0240%	1h	4.8117	−0.003%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDTlong	+0.0259%	4h	4.8118	long leg	$12.9M	$2.0M	50x
BloFin LIT-USDT	+0.0340%	4h	4.7936	−0.379%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0375%	1h	4.7868	−0.520%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	−0.337%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8062	−0.117%	$32K	$645K	33x	as long as short