Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.020%

Price spread now: Nado against GRVT−0.066%7-day average +0.093% · 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−$67as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.112%+$11 on $10k

Price spread, last 7 days+0.385%+$39 · spread now −0.066%, 7d avg +0.093%

Together, before fees+0.497%+ Points / potential airdropGRVT: Active · Nado: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.159% cheaper against GRVT than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.093%). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.112% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.6951	−0.0136	get 0.0068% / 4h	2h 05m	$893K	$1.7M	10x
Short	Nado LIT-PERP	4.6920	0.0100	get 0.0012% / 1h	5m 34s	$2.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpFee NadobpOrdersPrice spread, now −0.066%Rate

Funding earned: $49.56
Price spread: −0.066% → +0.093%: −$15.93
Slippage, 4 orders: −$34.83
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.2
Costs to cover: 0.508%
Break-even: 9.4 days

Slippage from GRVT: live order book, 3 min ago; Nado: live order book, 3 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 GRVT live order book, 3 min ago	1.07 bp	15.9 bp −$16	54.7 bp −$547	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.75 bp	9.9 bp −$10	30.3 bp −$303	doesn't fit	doesn't fit

LIT on 41 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
01 Exchange LITUSD	−0.0512%	1h	4.6899	−0.110%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0431%	4h	4.6861	−0.191%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.6919	−0.068%	$84K	$72K	20x	as long as short
GRVT LIT_USDT_Perplong	−0.0136%	4h	4.6951	long leg	$893K	$1.7M	10x
ApeX Omni LITUSDT	−0.0112%	1h	4.6900	−0.108%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7017	+0.141%	$203K	$352K	5x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6910	−0.086%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0084%	4h	4.6926	−0.052%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.924%	$670K	$373K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0078%	1h	4.6907	−0.093%	$41K	$40K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	−0.0074%	4h	4.6953	+0.005%	$25.4M	$61.8M	50x	as long as short
Gate LIT_USDT	−0.0026%	4h	4.6940	−0.023%	$2.7M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6912	−0.082%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6924	−0.056%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.320%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.167%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0047%	8h	4.6891	−0.126%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6941	−0.020%	$818K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6976	+0.054%	$58.8M	$29.7M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.6920	−0.066%	$2.2M	$1.7M	10x
Hyperliquid LIT	+0.0100%	1h	4.7019	+0.146%	$210.3M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6922	−0.061%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6945	−0.012%	$74.8M	$78.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6940	−0.023%	$41.8M	$28.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6924	−0.057%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6903	−0.101%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6990	+0.084%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6903	−0.101%	$680K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6884	−0.142%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6979	+0.060%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6927	−0.050%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6935	−0.033%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6925	−0.055%	$1K	$420K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7000	+0.105%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6891	−0.126%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6908	−0.091%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0123%	4h	4.6959	+0.018%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0208%	1h	4.6998	+0.101%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0257%	1h	4.7036	+0.183%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0201%	1h	4.6922	−0.062%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6939	−0.025%	$31K	$839K	33x	as long as short