Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0256%/8h= −28.1% APRpaid last 24h −0.022%

Price spread now: GRVT against Nado−0.170%7-day average −0.092% · 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−$65as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.106%−$11 on $10k

Price spread, last 7 days+0.225%+$22 · spread now −0.170%, 7d avg −0.092%

Together, before fees+0.119%+ Points / potential airdropNado: Active · GRVT: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GRVT is 0.078% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7173	−0.0002	get 0.0000% / 1h	2m 44s	$2.1M	$1.7M	10x
Short	GRVT LIT_USDT_Perp	4.7093	−0.0258	pay 0.0129% / 4h	2h 02m	$894K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$53.82
Price spread: −0.170% → −0.092%: −$7.84
Slippage, 4 orders: −$41.42
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$119.08
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Nado: live order book, 1 min ago; GRVT: live order book, 1 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, 1 min ago	0.74 bp	9.7 bp −$10	27.2 bp −$272	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.06 bp	15.6 bp −$16	32.5 bp −$325	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	−0.1181%	1h	4.7169	−0.010%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0782%	4h	4.7170	−0.007%	$2.8M	$4.6M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0623%	4h	4.7116	−0.122%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0600%	1h	4.7120	−0.113%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0594%	4h	4.7140	−0.071%	$1.3M	$2.8M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0378%	4h	4.7146	−0.058%	$25.1M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0356%	1h	4.7176	+0.005%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0317%	4h	4.7160	−0.029%	$42.6M	$30.8M	75x	as long as short
KuCoin LITUSDTM	−0.0308%	4h	4.7198	+0.052%	$5.2M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0299%	1h	4.7210	+0.077%	$663K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perpshort	−0.0258%	4h	4.7093	−0.170%	$894K	$1.9M	10x
Aftermath Perps LITUSD	−0.0196%	1h	4.7231	+0.122%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.161%	$660K	$404K	50x	as long as short
SoDEX LIT-USD	−0.0052%	1h	4.7165	−0.018%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7150	−0.050%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0031%	8h	4.7137	−0.078%	$6K	$2K	5x	as long as short
Nado LIT-PERPlong	−0.0002%	1h	4.7173	long leg	$2.1M	$1.7M	10x
dYdX LIT-USD	0.0000%	1h	4.7187	+0.029%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7210	+0.077%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7194	+0.043%	$756K	$2.1M	5x	as long as short
Polymarket Perps LIT-USD	+0.0023%	1h	4.7188	+0.031%	$446K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0026%	4h	4.7130	−0.092%	$5.8M	$4.3M	100x	as long as short
Binance LITUSDT	+0.0028%	4h	4.7128	−0.097%	$74.7M	$81.7M	75x	as long as short
edgeX LITUSDC	+0.0032%	4h	4.7110	−0.135%	$287K	$311K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.837%	$422	$178K	5.5x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7126	−0.101%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7227	+0.113%	$59.3M	$30.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7231	+0.122%	$210.5M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7236	+0.133%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7180	+0.014%	$582K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7161	−0.026%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.425%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7180	+0.014%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	−0.092%	$55K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7212	+0.081%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7207	+0.071%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7177	+0.007%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7129	−0.095%	$5.2M	$5.2M	25x	as long as short
BloFin LIT-USDT	+0.0111%	4h	4.7170	−0.007%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0112%	43m	4.7204	+0.065%	$31K	$843K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7210	+0.078%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7250	+0.162%	$3.7M	$14.3M	5x	as long as short