Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: Nado against edgeX−0.095%62s7-day average +0.006% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.331% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+2.992%+$299 · spread now −0.095%, 7d avg +0.006%

Together, before fees+3.017%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$302 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 0.101% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.8007	0.0100	pay 0.0050% / 4h	1m 41s	$293K	$302K	10x
Short	Nado LIT-PERP	4.7961	0.0100	get 0.0012% / 1h	1m 41s	$2.1M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → +0.006%: −$10.08
Slippage, 4 orders: −$17.08
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$43.17
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from edgeX: live order book, 36 min ago; Nado: live order book, 2 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 edgeX live order book, 36 min ago	5.22 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.10 bp	6.5 bp −$6	28.2 bp −$282	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
Orderly PERP_LIT_USDC	−0.0366%	4h	4.7886	−0.252%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0365%	1h	4.7950	−0.118%	$42K	$39K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7968	−0.083%	$608K	$349K	50x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.7953	−0.113%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0191%	1h	4.7937	−0.146%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0146%	4h	4.7952	−0.115%	$25.8M	$59.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0092%	4h	4.7990	−0.036%	$887K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7973	−0.071%	$34K	—	5x	as long as short
ApeX Omni LITUSDT	+0.0002%	1h	4.8000	−0.015%	$57K	$73K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7991	−0.033%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0031%	4h	4.7955	−0.109%	$41.6M	$27.3M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.068%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7952	−0.115%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7976	−0.065%	$816K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7956	−0.107%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8021	+0.029%	$59.8M	$26.9M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.7961	−0.095%	$2.1M	$1.6M	10x
Pacifica LIT	+0.0100%	1h	4.7979	−0.059%	$741K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7925	−0.171%	$76.8M	$73.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7974	−0.069%	$127K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8027	+0.042%	$120K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7980	−0.057%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7924	−0.173%	$6.0M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7993	−0.029%	$5.5M	$933K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7960	−0.098%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7970	−0.077%	$684K	$992K	5x	as long as short
edgeX LITUSDClong	+0.0100%	4h	4.8007	long leg	$293K	$302K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7970	−0.077%	$447K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7969	−0.079%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7908	−0.207%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7955	−0.109%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7932	−0.157%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7950	−0.119%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7948	−0.123%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7940	−0.140%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0214%	1h	4.8032	+0.052%	$217.0M	$38.6M	5x	as long as short
Aster LITUSDT	+0.0290%	4h	4.8017	+0.021%	$12.9M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0296%	1h	4.8034	+0.056%	$3.7M	$12.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7946	−0.127%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7976	−0.065%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8019	+0.026%	$32K	$642K	33x	as long as short
Aftermath Perps LITUSD	+0.0463%	1h	4.8021	+0.029%	$9K	$202K	10x	as long as short