Funding you earn now, next payment 22:00 UTC+0.0255%/8h= +27.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.001%
Price spread now: Nado against Backpack+0.052%7-day average −0.195% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$290.292% of the position
Funding, last 3 days (all we have)−0.007%−$1 on $10k
+Price spread, last 7 days+0.235%+$24 · spread now +0.052%, 7d avg −0.195%
=Together, before fees+0.228%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Nado is 0.246% dearer against Backpack than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.195%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.007% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LIT_USDC_PERP | 4.7532 | −0.0234 | get 0.0029% / 1h | 13m 12s | $668K | $1.5M | 5x |
| Short | Nado LIT-PERP | 4.7556 | 0.0021 | get 0.0003% / 1h | 13m 12s | $2.2M | $1.7M | 10x |
Backpack LIT_USDC_PERP
Nado LIT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $53.57
- Price spread: +0.052% → −0.195%
- $24.63
- Slippage, 4 orders
- −$12.17
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $49.03
- Costs to cover
- 0.292%
- Break-even
- 0.6 days
Slippage from Backpack: live order book, 1 min ago; Nado: live order book, 1 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 Backpack live order book, 1 min ago | 0.31 bp | 5.6 bp −$6 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 0.10 bp | 9.4 bp −$9 | 28.1 bp −$281 | 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 | −0.1249% | 1h | 4.7509 | −0.048% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0613% | 4h | 4.7472 | −0.126% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0593% | 4h | 4.7500 | −0.067% | $1.3M | $2.7M | 20x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7505 | −0.057% | $33K | $4K | 5x | as long as short |
| Gate LIT_USDT | −0.0562% | 4h | 4.7540 | +0.017% | $2.8M | $4.5M | 50x | as long as short |
| Bullet LIT-USD | −0.0351% | 1h | 4.7540 | +0.017% | $86K | $81K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0340% | 4h | 4.7480 | −0.109% | $25.1M | $62.2M | 50x | as long as short |
| Bybit LITUSDT | −0.0294% | 4h | 4.7520 | −0.025% | $43.0M | $30.7M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0282% | 4h | 4.7595 | +0.133% | $5.3M | $1.1M | 30x | as long as short |
| GRVT LIT_USDT_Perp | −0.0250% | 4h | 4.7582 | +0.105% | $901K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Phemex LITUSDT
01 Exchange LITUSD
Gate LIT_USDT
Bullet LIT-USD
OKX LIT-USDT-SWAP
Bybit LITUSDT
KuCoin LITUSDTM
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack LIT_USDC_PERPlong | −0.0234% | 1h | 4.7532 | long leg | $668K | $1.5M | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.398% | $660K | $404K | 50x | as long as short |
| Aftermath Perps LITUSD | −0.0092% | 1h | 4.7570 | +0.080% | $12K | $199K | 10x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7633 | +0.212% | $247K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0041% | 1h | 4.7499 | −0.069% | $1K | $487K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0023% | 8h | 4.7531 | −0.001% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7605 | +0.154% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7585 | +0.112% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7607 | +0.157% | $824K | $2.0M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0019% | 1h | 4.7564 | +0.067% | $449K | $105K | 10x | as long as short |
| Nado LIT-PERPshort | +0.0021% | 1h | 4.7556 | +0.052% | $2.2M | $1.7M | 10x | |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.069% | $422 | $178K | 5.5x | as long as short |
| Binance LITUSDT | +0.0044% | 4h | 4.7460 | −0.151% | $75.2M | $81.5M | 75x | as long as short |
| MEXC LIT_USDT | +0.0044% | 4h | 4.7488 | −0.093% | $5.8M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0046% | 4h | 4.7585 | +0.111% | $289K | $312K | 10x | as long as short |
| Aevo LIT-PERP | +0.0056% | 1h | 4.7507 | −0.054% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7596 | +0.135% | $59.7M | $30.2M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7576 | +0.093% | $212.0M | $45.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7585 | +0.113% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7621 | +0.187% | $587K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7581 | +0.103% | $117K | $449K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7520 | −0.025% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7600 | +0.143% | $56K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7563 | +0.064% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7577 | +0.095% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7637 | +0.221% | $191K | $329K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7454 | −0.164% | $119K | $6K | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7494 | −0.081% | $5.3M | $5.2M | 25x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7592 | +0.126% | $31K | $841K | 33x | as long as short |
| BloFin LIT-USDT | +0.0176% | 4h | 4.7518 | −0.029% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0358% / S −0.0155% | 1h | 4.7573 | +0.086% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0424% | 1h | 4.7608 | +0.160% | $3.7M | $14.2M | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Aftermath Perps LITUSD
Phoenix LIT
SoDEX LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
Injective LIT/USDC PERP
Binance LITUSDT
MEXC LIT_USDT
edgeX LITUSDC
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Bulk LIT-USD
Extended LIT-USD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT