Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.014%

Price spread now: Nado against Bitget−0.053%7-day average −0.012% · 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−$70as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.053%, 7d avg −0.012%

Together, before fees+0.125%+ Points / potential airdropNado: Active · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.041% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7080	0.0100	pay 0.0050% / 4h	4m 18s	$6.7M	$2.6M	20x
Short	Nado LIT-PERP	4.7055	0.0094	get 0.0012% / 1h	4m 18s	$2.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: −$1.34
Price spread: −0.053% → −0.012%: −$4.11
Slippage, 4 orders: −$46.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.22
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 4 min ago	1.06 bp	21.1 bp −$21	105.7 bp −$1,057	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	1.27 bp	8.9 bp −$9	27.8 bp −$278	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	−0.0622%	1h	4.7069	−0.022%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.6991	−0.189%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7027	−0.113%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0292%	1h	4.7055	−0.053%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.374%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0126%	4h	4.7100	+0.042%	$2.7M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0102%	4h	4.7060	−0.042%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0095%	4h	4.7056	−0.051%	$41.3M	$28.8M	75x	as long as short
Phoenix LIT	−0.0034%	1h	4.7171	+0.193%	$203K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7132	+0.109%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7108	+0.060%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0016%	4h	4.7074	−0.013%	$25.3M	$61.2M	50x	as long as short
KuCoin LITUSDTM	+0.0020%	4h	4.7069	−0.023%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.039%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.7029	−0.109%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7074	−0.012%	$785K	$2.1M	5x	as long as short
ApeX Omni LITUSDT	+0.0074%	1h	4.7110	+0.064%	$56K	$76K	50x	as long as short
Extended LIT-USD	+0.0088%	1h	4.7052	−0.060%	$5.2M	$5.0M	25x	as long as short
Backpack LIT_USDC_PERP	+0.0089%	1h	4.7113	+0.070%	$663K	$1.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0092%	1h	4.7058	−0.047%	$10K	$204K	10x	as long as short
Nado LIT-PERPshort	+0.0094%	1h	4.7055	−0.053%	$2.2M	$1.7M	10x
Lighter LIT	+0.0096%	1h	4.7158	+0.166%	$58.8M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7183	+0.219%	$3.8M	$13.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7142	+0.132%	$210.5M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7070	−0.021%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7038	−0.089%	$75.3M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7059	−0.045%	$117K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−0.047%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7038	−0.089%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7080	long leg	$6.7M	$2.6M	20x
edgeX LITUSDC	+0.0100%	4h	4.7052	−0.059%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7074	−0.013%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7061	−0.040%	$440K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7108	+0.059%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7049	−0.066%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	+0.011%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7143	+0.134%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7061	−0.040%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7115	+0.073%	$31K	$759K	33x	as long as short
Aster LITUSDT	+0.0252%	4h	4.7165	+0.181%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7078	−0.004%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7106	+0.056%	$65K	—	50x	as long as short