Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.087%

Price spread now: Nado against BloFin+0.182%7-day average +0.020% · 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−$27as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.203%−$20 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now +0.182%, 7d avg +0.020%

Together, before fees−0.238%+ Points / potential airdropNado: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.162% dearer against BloFin than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of +0.020%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LIT-USDT	4.7259	0.0340	pay 0.0170% / 4h	0m 17s	$1.6M	$2.1M	75x
Short	Nado LIT-PERP	4.7345	0.0100	get 0.0012% / 1h	0m 17s	$2.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now +0.182%Rate

Funding earned: −$50.4
Price spread: +0.182% → +0.020%: $16.16
Slippage, 4 orders: −$23.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$76.97
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 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 BloFin live order book, 8 min ago	1.80 bp	12.8 bp −$13	27.3 bp −$273	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.95 bp	8.2 bp −$8	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	−0.0864%	1h	4.7338	+0.167%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0810%	4h	4.7360	+0.214%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7255	−0.008%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0537%	4h	4.7285	+0.055%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0385%	1h	4.7331	+0.153%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0319%	4h	4.7347	+0.186%	$25.7M	$64.2M	50x	as long as short
Phemex LITUSDT	−0.0315%	4h	4.7310	+0.108%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0164%	4h	4.7327	+0.144%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7313	+0.114%	$669K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	+0.108%	$906K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7276	+0.036%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7369	+0.233%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7383	+0.262%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7391	+0.280%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7376	+0.248%	$798K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7311	+0.110%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.653%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0040%	4h	4.7360	+0.214%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0060%	1h	4.7336	+0.163%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7383	+0.262%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.7345	+0.182%	$2.2M	$1.7M	10x
Aster LITUSDT	+0.0100%	4h	4.7416	+0.331%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7355	+0.203%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7307	+0.102%	$75.5M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7349	+0.190%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	+0.067%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7325	+0.140%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7360	+0.214%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7326	+0.142%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7330	+0.150%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7347	+0.186%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7376	+0.248%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7312	+0.112%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7345	+0.182%	$1K	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7317	+0.123%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7321	+0.131%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7347	+0.185%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7413	+0.326%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0186%	1h	4.7424	+0.349%	$212.7M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0216%	1h	4.7376	+0.247%	$13K	$203K	10x	as long as short
BloFin LIT-USDTlong	+0.0340%	4h	4.7259	long leg	$1.6M	$2.1M	75x
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0173%	1h	4.7374	+0.242%	$63K	—	50x	as long as short