Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.012%

Price spread now: Bitget against Nado+0.045%7-day average +0.009% · 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−$59as in the Price arb table

costs, in and out, $10k−$620.623% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.045%, 7d avg +0.009%

Together, before fees−0.017%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.036% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.009%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.008% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7318	−0.0123	get 0.0015% / 1h	55m 25s	$2.1M	$1.7M	10x
Short	Bitget LITUSDT	4.7340	0.0100	get 0.0050% / 4h	1h 55m	$6.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $46.77
Price spread: +0.045% → +0.009%: $3.61
Slippage, 4 orders: −$43.33
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$11.94
Costs to cover: 0.623%
Break-even: 8.8 days

Slippage from Nado: live order book, 3 min ago; Bitget: 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	0.85 bp	9.4 bp −$9	29.6 bp −$296	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.17 bp	24.6 bp −$25	102.0 bp −$1,020	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	−0.1091%	1h	4.7290	−0.059%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0794%	4h	4.7320	+0.003%	$2.8M	$4.4M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0629%	4h	4.7259	−0.126%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0610%	4h	4.7270	−0.102%	$1.3M	$2.8M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0396%	4h	4.7327	+0.018%	$25.2M	$62.4M	50x	as long as short
Bullet LIT-USD	−0.0381%	1h	4.7293	−0.053%	$85K	$81K	20x	as long as short
01 Exchange LITUSD	−0.0328%	1h	4.7279	−0.083%	$33K	$4K	5x	as long as short
Bybit LITUSDT	−0.0300%	4h	4.7350	+0.067%	$42.8M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0292%	4h	4.7308	−0.022%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0212%	4h	4.7290	−0.060%	$899K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0207%	1h	4.7288	−0.064%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.851%	$660K	$404K	50x	as long as short
Nado LIT-PERPlong	−0.0123%	1h	4.7318	long leg	$2.1M	$1.7M	10x
RISEx LIT/USDC	−0.0082%	1h	4.7334	+0.032%	$789K	$2.1M	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7306	−0.026%	$246K	$327K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0046%	1h	4.7331	+0.026%	$665K	$1.5M	5x	as long as short
Paradex LIT-USD-PERP	−0.0020%	8h	4.7260	−0.123%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7316	−0.006%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7373	+0.115%	$35K	—	150x	as long as short
edgeX LITUSDC	+0.0032%	4h	4.7254	−0.136%	$287K	$309K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.525%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0040%	4h	4.7292	−0.056%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0041%	4h	4.7309	−0.020%	$75.0M	$81.6M	75x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7312	−0.014%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0091%	1h	4.7310	−0.018%	$55K	$78K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.7358	+0.083%	$59.5M	$29.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7409	+0.191%	$211.3M	$45.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7364	+0.096%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7323	+0.009%	$582K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7296	−0.048%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7185	−0.282%	$118K	$5K	10x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7340	+0.045%	$6.7M	$2.7M	20x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7342	+0.050%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7356	+0.079%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7341	+0.048%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7295	−0.050%	$1K	$486K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7392	+0.155%	$190K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7267	−0.108%	$5.2M	$5.2M	25x	as long as short
BloFin LIT-USDT	+0.0150%	4h	4.7263	−0.117%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7364	+0.097%	$31K	$841K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7364	+0.097%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0592%	1h	4.7358	+0.083%	$3.7M	$13.5M	5x	as long as short