Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: Backpack against Nado+0.104%7-day average +0.211% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days+0.169%+$17 · spread now +0.104%, 7d avg +0.211%

Together, before fees+0.166%+ Points / potential airdropNado: Active · farm board+$17 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: Backpack is 0.107% cheaper against Nado than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.211%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7245	0.0100	pay 0.0012% / 1h	10m 51s	$2.2M	$1.7M	10x
Short	Backpack LIT_USDC_PERP	4.7294	0.0100	get 0.0013% / 1h	10m 51s	$681K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.211%: −$10.75
Slippage, 4 orders: −$11.63
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$39.38
Costs to cover: 0.286%
Break-even: 4045470532901720.0 days

Slippage from Nado: live order book, 3 min ago; Backpack: 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 Nado live order book, 3 min ago	1.48 bp	7.4 bp −$7	25.3 bp −$253	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.63 bp	5.8 bp −$6	16.1 bp −$161	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
Gate LIT_USDT	−0.0820%	4h	4.7370	+0.265%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0805%	1h	4.7245	0.000%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0544%	4h	4.7199	−0.097%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0536%	1h	4.7136	−0.231%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0347%	1h	4.7245	0.000%	$84K	$78K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0342%	4h	4.7344	+0.210%	$25.6M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0305%	4h	4.7230	−0.032%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0176%	4h	4.7362	+0.248%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.769%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7229	−0.033%	$905K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7285	+0.085%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7241	−0.008%	$32K	$852K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7281	+0.077%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7293	+0.101%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7249	+0.008%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7212	−0.070%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.683%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0036%	4h	4.7340	+0.201%	$42.6M	$30.2M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7297	+0.110%	$59.1M	$30.6M	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.7245	long leg	$2.2M	$1.7M	10x
Aster LITUSDT	+0.0100%	4h	4.7381	+0.287%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7264	+0.040%	$588K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7311	+0.140%	$75.4M	$82.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7231	−0.030%	$120K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	+0.150%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7328	+0.176%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.201%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7294	+0.104%	$681K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7244	−0.002%	$287K	$309K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.011%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7261	+0.034%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7276	+0.067%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7221	−0.051%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7251	+0.013%	$989	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7251	+0.013%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7336	+0.192%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7226	−0.040%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7297	+0.110%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7322	+0.163%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0203%	1h	4.7425	+0.381%	$212.7M	$45.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7232	−0.028%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7276	+0.066%	$62K	—	50x	as long as short