Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%
Price spread now: Nado against Lighter−0.148%7-day average −0.078% · 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−$36as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Funding, last 3 days (all we have)−0.142%−$14 on $10k
+Price spread, last 7 days+0.135%+$14 · spread now −0.148%, 7d avg −0.078%
=Together, before fees−0.007%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$1 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 0.070% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7215 | 0.0096 | pay 0.0012% / 1h | 49m 18s | $59.1M | $29.2M | 5x |
| Short | Nado LIT-PERP | 4.7145 | 0.0100 | get 0.0012% / 1h | 49m 18s | $2.2M | $1.7M | 10x |
Lighter LIT
Nado LIT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.148% → −0.078%
- −$7.02
- Slippage, 4 orders
- −$21.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$34.67
- Costs to cover
- 0.285%
- Break-even
- 295.9 days
Slippage from Lighter: live order book, 15 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 Lighter live order book, 15 min ago | 0.10 bp | 5.7 bp −$6 | 14.9 bp −$149 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.85 bp | 8.9 bp −$9 | 30.7 bp −$307 | 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 | −0.0581% | 1h | 4.7132 | −0.175% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0576% | 1h | 4.7127 | −0.186% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0469% | 4h | 4.7094 | −0.256% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0413% | 1h | 4.7106 | −0.230% | $85K | $72K | 20x | as long as short |
| Backpack LIT_USDC_PERP | −0.0268% | 1h | 4.7243 | +0.059% | $685K | $1.4M | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0175% | 4h | 4.7143 | −0.152% | $25.6M | $64.0M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0152% | 4h | 4.6894 | −0.680% | $899K | $1.8M | 10x | as long as short |
| KuCoin LITUSDTM | −0.0126% | 4h | 4.7150 | −0.138% | $5.3M | $1.1M | 30x | as long as short |
| Gate LIT_USDT | −0.0110% | 4h | 4.7160 | −0.116% | $2.8M | $4.2M | 50x | as long as short |
| Phoenix LIT | −0.0102% | 1h | 4.6878 | −0.714% | $203K | $352K | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Backpack LIT_USDC_PERP
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
KuCoin LITUSDTM
Gate LIT_USDT
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.7209 | −0.013% | $668K | $387K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7212 | −0.005% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.7190 | −0.054% | $472 | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.747% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0041% | 8h | 4.7196 | −0.040% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7200 | −0.031% | $787K | $2.0M | 5x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7215 | long leg | $59.1M | $29.2M | 5x | |
| Bulk LIT-USD | +0.0096% | 1h | 4.6903 | −0.660% | $117K | $1K | 10x | as long as short |
| Nado LIT-PERPshort | +0.0100% | 1h | 4.7145 | −0.148% | $2.2M | $1.7M | 10x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.7231 | +0.034% | $211.7M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7244 | +0.061% | $12.6M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7233 | +0.038% | $586K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7121 | −0.199% | $75.3M | $80.4M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7140 | −0.159% | $42.4M | $29.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7187 | −0.059% | $117K | $448K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7122 | −0.197% | $5.4M | $4.0M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7190 | −0.053% | $6.7M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6843 | −0.788% | $285K | $305K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.180% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7150 | −0.138% | $446K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7154 | −0.130% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7198 | −0.036% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7121 | −0.199% | $1K | $457K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7254 | +0.083% | $189K | $354K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.7120 | −0.201% | $1.4M | $2.7M | 20x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7110 | −0.223% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7120 | −0.202% | $147K | — | 3x | as long as short |
| Lighter RH LIT | +0.0112% | 1h | 4.7224 | +0.019% | $3.7M | $13.2M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0332% | 1h | 4.7139 | −0.162% | $9K | $209K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7139 | −0.161% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0402% / S −0.0194% | 1h | 4.7144 | −0.149% | $64K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7218 | +0.005% | $31K | $860K | 33x | as long as short |
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
RISEx LIT/USDC
Bulk LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT