Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.052%

Price spread now: Bybit against Nado+0.073%7-day average −0.016% · 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−$51as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.073%, 7d avg −0.016%

Together, before fees−0.199%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.089% dearer against Nado than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.016%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7435	−0.0183	get 0.0023% / 1h	53m 22s	$2.1M	$1.7M	10x
Short	Bybit LITUSDT	4.7470	−0.0235	pay 0.0117% / 4h	2h 53m	$42.9M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$10.94
Price spread: +0.073% → −0.016%: $8.89
Slippage, 4 orders: −$42.28
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.33
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago	1.68 bp	9.3 bp −$9	26.3 bp −$263	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.10 bp	18.6 bp −$19	45.0 bp −$450	294.6 bp −$29.5K	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	−0.0847%	1h	4.7435	0.000%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7407	−0.060%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0564%	4h	4.7386	−0.104%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0514%	1h	4.7486	+0.106%	$667K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0484%	4h	4.7440	+0.009%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7448	+0.026%	$85K	$81K	20x	as long as short
Gate LIT_USDT	−0.0360%	4h	4.7450	+0.031%	$2.8M	$4.5M	50x	as long as short
KuCoin LITUSDTM	−0.0332%	4h	4.7464	+0.060%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0292%	4h	4.7441	+0.012%	$25.2M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.094%	$895K	$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
Bybit LITUSDTshort	−0.0235%	4h	4.7470	+0.073%	$42.9M	$30.1M	75x
Nado LIT-PERPlong	−0.0183%	1h	4.7435	long leg	$2.1M	$1.7M	10x
SoDEX LIT-USD	−0.0180%	1h	4.7443	+0.016%	$983	$474K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.143%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0056%	1h	4.7430	−0.011%	$5.2M	$5.2M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	+0.064%	$246K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0016%	8h	4.7377	−0.124%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.052%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7487	+0.109%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7490	+0.114%	$815K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.274%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0051%	1h	4.7474	+0.081%	$448K	$104K	10x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7435	−0.001%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7428	−0.015%	$74.9M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7481	+0.095%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7397	−0.081%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.115%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.404%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7501	+0.138%	$211.1M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7487	+0.109%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7487	+0.109%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7448	+0.026%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	+0.073%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7482	+0.098%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7472	+0.077%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7465	+0.062%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7484	+0.102%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0120%	1h	4.7524	+0.187%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0168%	1h	4.7616	+0.380%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7525	+0.189%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0218%	4h	4.7425	−0.022%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7489	+0.112%	$60K	—	50x	as long as short