Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.014%

Price spread now: Nado against Gate−0.136%7-day average −0.014% · 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−$75as in the Price arb table

costs, in and out, $10k−$620.625% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 7 days+0.151%+$15 · spread now −0.136%, 7d avg −0.014%

Together, before fees+0.192%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.123% cheaper against Gate than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of −0.014%). If the spread goes back, that is −$12 on $10k: about 3.4 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.041% in total) that is about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7630	−0.0250	get 0.0125% / 4h	2h 58m	$2.8M	$4.5M	50x
Short	Nado LIT-PERP	4.7565	−0.0129	pay 0.0016% / 1h	58m 25s	$2.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.136%Rate

Funding earned: $25.51
Price spread: −0.136% → −0.014%: −$12.3
Slippage, 4 orders: −$40.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$49.27
Costs to cover: 0.625%
Break-even: 20.5 days

Slippage from Gate: live order book, 5 min ago; Nado: live order book, just now.

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 Gate live order book, 5 min ago	3.15 bp	17.3 bp −$17	49.9 bp −$499	doesn't fit	doesn't fit
Sell Nado live order book, just now	1.68 bp	11.5 bp −$12	30.0 bp −$300	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	−0.0973%	1h	4.7616	−0.030%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0728%	1h	4.7500	−0.273%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0562%	4h	4.7569	−0.128%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0479%	4h	4.7620	−0.021%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0411%	1h	4.7561	−0.144%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0324%	4h	4.7640	+0.021%	$5.3M	$1.1M	30x	as long as short
Polymarket Perps LIT-USD	−0.0288%	1h	4.7581	−0.103%	$449K	$104K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0285%	4h	4.7563	−0.141%	$25.3M	$60.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0274%	4h	4.7640	+0.020%	$898K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0263%	4h	4.7587	−0.090%	$43.0M	$30.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDTlong	−0.0250%	4h	4.7630	long leg	$2.8M	$4.5M	50x
ApeX Omni LITUSDT	−0.0246%	1h	4.7690	+0.126%	$56K	$79K	50x	as long as short
SoDEX LIT-USD	−0.0202%	1h	4.7630	0.000%	$987	$474K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+1.726%	$668K	$408K	50x	as long as short
Nado LIT-PERPshort	−0.0129%	1h	4.7565	−0.136%	$2.1M	$1.7M	10x
Phoenix LIT	−0.0067%	1h	4.7770	+0.294%	$247K	$317K	5x	as long as short
Paradex LIT-USD-PERP	−0.0021%	8h	4.7558	−0.152%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7640	+0.021%	$34K	—	5x	as long as short
Extended LIT-USD	0.0000%	1h	4.7570	−0.127%	$5.3M	$5.2M	25x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7615	−0.031%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7610	−0.042%	$817K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.861%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0045%	1h	4.7678	+0.101%	$669K	$1.5M	5x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7550	−0.168%	$75.1M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7544	−0.181%	$6.0M	$4.2M	100x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7606	−0.051%	$149K	$44K	3x	as long as short
edgeX LITUSDC	+0.0073%	4h	4.7688	+0.122%	$290K	$312K	10x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	−0.006%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7596	−0.071%	$211.5M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7672	+0.088%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7622	−0.017%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7601	−0.061%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7600	−0.063%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7662	+0.066%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7704	+0.155%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7750	+0.252%	$190K	$324K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7626	−0.009%	$31K	$843K	33x	as long as short
Aftermath Perps LITUSD	+0.0141%	1h	4.7797	+0.350%	$11K	$198K	10x	as long as short
Lighter LIT	+0.0176%	1h	4.7663	+0.069%	$59.8M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7691	+0.128%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0246%	4h	4.7590	−0.084%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7648	+0.038%	$60K	—	50x	as long as short