Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.031%

Price spread now: Nado against KuCoin−0.050%7-day average −0.005% · 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−$86as in the Price arb table

costs, in and out, $10k−$820.815% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.081%+$8 on $10k

Price spread, last 7 days+0.246%+$25 · spread now −0.050%, 7d avg −0.005%

Together, before fees+0.327%+ Points / potential airdropNado: Active · farm board+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 3.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.8619	0.0060	pay 0.0030% / 4h	2h 14m	$5.5M	$1.0M	30x
Short	Nado LIT-PERP	4.8594	0.0100	get 0.0012% / 1h	14m 11s	$2.2M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.050%Rate

Funding earned: $8.4
Price spread: −0.050% → −0.005%: −$4.52
Slippage, 4 orders: −$62.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$77.66
Costs to cover: 0.815%
Break-even: 71.7 days

Slippage from KuCoin: live order book, 4 min ago; Nado: live order book, 5 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 KuCoin live order book, 4 min ago	9.24 bp	30.2 bp −$30	444.6 bp −$4,446	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.41 bp	6.3 bp −$6	30.3 bp −$303	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	−0.0600%	1h	4.8552	−0.138%	$43K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	−0.306%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0353%	4h	4.8540	−0.162%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0192%	1h	4.8695	+0.156%	$32K	$3K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0154%	4h	4.8568	−0.105%	$26.1M	$63.0M	50x	as long as short
Bullet LIT-USD	−0.0154%	1h	4.8576	−0.089%	$87K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.8366	−0.521%	$902K	$1.9M	10x	as long as short
Phemex LITUSDT	−0.0055%	4h	4.8600	−0.039%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0017%	1h	4.8725	+0.218%	$210K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8687	+0.141%	$845K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8890	+0.558%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8602	−0.035%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−1.191%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTMlong	+0.0060%	4h	4.8619	long leg	$5.5M	$1.0M	30x
Paradex LIT-USD-PERP	+0.0094%	8h	4.8751	+0.272%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8624	+0.010%	$60.5M	$28.5M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.8594	−0.050%	$2.2M	$1.6M	10x
Pacifica LIT	+0.0100%	1h	4.8842	+0.459%	$625K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8559	−0.123%	$78.0M	$77.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8581	−0.078%	$42.1M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8717	+0.202%	$121K	$465K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−1.639%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8580	−0.080%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8569	−0.103%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8600	−0.039%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8575	−0.090%	$685K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8595	−0.049%	$297K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8550	−0.142%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8618	−0.002%	$457K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8569	−0.102%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8535	−0.173%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8585	−0.070%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8908	+0.594%	$203K	$343K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8554	−0.133%	$5.3M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8584	−0.073%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8651	+0.066%	$3.7M	$13.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0186%	1h	4.8427	−0.395%	$10K	$218K	10x	as long as short
Aster LITUSDT	+0.0234%	4h	4.8652	+0.068%	$13.0M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0255%	1h	4.8653	+0.070%	$219.4M	$41.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8645	+0.053%	$1.6M	$2.2M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0429% / S −0.0217%	1h	4.8602	−0.035%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8616	−0.006%	$34K	$687K	33x	as long as short