Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0241%/8h= −26.3% APRpaid last 24h −0.084%

Price spread now: OKX against Nado+0.070%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−$29as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.175%−$17 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.070%, 7d avg −0.009%

Together, before fees−0.239%+ Points / potential airdropNado: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.079% dearer against Nado than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.009%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7345	0.0100	pay 0.0012% / 1h	24m 53s	$2.2M	$1.7M	10x
Short	OKX LIT-USDT-SWAP	4.7378	−0.0141	pay 0.0070% / 4h	2h 24m	$25.7M	$63.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$50.51
Price spread: +0.070% → −0.009%: $7.91
Slippage, 4 orders: −$20.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.68
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	0.11 bp	6.2 bp −$6	21.0 bp −$210	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.21 bp	10.8 bp −$11	32.5 bp −$325	doesn't fit	doesn't fit

LIT on 41 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	−0.0720%	1h	4.7365	+0.042%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7313	−0.068%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7295	−0.106%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0462%	1h	4.7373	+0.059%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.327%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0172%	4h	4.7370	+0.053%	$900K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAPshort	−0.0141%	4h	4.7378	+0.070%	$25.7M	$63.9M	50x
KuCoin LITUSDTM	−0.0140%	4h	4.7365	+0.042%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0124%	4h	4.7380	+0.074%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0114%	4h	4.7340	−0.011%	$1.4M	$2.7M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0102%	1h	4.7401	+0.118%	$205K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.134%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.097%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7372	+0.057%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7418	+0.154%	$475	—	150x	as long as short
Bybit LITUSDT	+0.0014%	4h	4.7360	+0.032%	$42.4M	$29.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7333	−0.024%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.468%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0049%	1h	4.7373	+0.059%	$1K	$450K	5x	as long as short
Backpack LIT_USDC_PERP	+0.0064%	1h	4.7407	+0.131%	$684K	$1.4M	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7389	+0.092%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7437	+0.194%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7459	+0.241%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.7345	long leg	$2.2M	$1.7M	10x
Hyperliquid LIT	+0.0100%	1h	4.7445	+0.211%	$212.3M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7441	+0.203%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7367	+0.046%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7351	+0.013%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7363	+0.038%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7352	+0.015%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	+0.095%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7361	+0.033%	$288K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7366	+0.044%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7402	+0.121%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7385	+0.084%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7445	+0.211%	$190K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7343	−0.005%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7350	+0.010%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.7260	−0.180%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7418	+0.155%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7400	+0.116%	$31K	$860K	33x	as long as short