Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.052%

Price spread now: Perpl against Nado+0.061%7-day average −0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.122%+$12 on $10k

Price spread, last 7 days−0.095%−$9 · spread now +0.061%, 7d avg −0.008%

Together, before fees+0.027%+ Points / potential airdropNado: Active · Perpl: Active · farm board+$3 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: Perpl is 0.069% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7490	−0.0005	get 0.0001% / 1h	11m 51s	$2.2M	$1.7M	10x
Short	Perpl LIT	4.7519	0	get 0.0000% / 43m	24m 51s	$32K	$839K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.061%Rate

Funding earned: $1.08
Price spread: +0.061% → −0.008%: $6.85
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$12.87
Costs to cover: 0.208%
Break-even: 90.4 days

Slippage unknown: Nado: live order book, 2 min ago; Perpl: no order-book sample. Net counts fees only.

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, 2 min ago	0.85 bp	8.1 bp −$8	26.4 bp −$264	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1218%	4h	4.7460	−0.063%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0766%	1h	4.7492	+0.004%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0694%	1h	4.7486	−0.008%	$666K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0621%	4h	4.7440	−0.105%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7475	−0.032%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0507%	4h	4.7460	−0.063%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0469%	4h	4.7408	−0.173%	$25.7M	$63.3M	50x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.7479	−0.023%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0268%	4h	4.7420	−0.147%	$42.8M	$30.2M	75x	as long as short
Aftermath Perps LITUSD	−0.0256%	1h	4.7131	−0.756%	$10K	$202K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0248%	4h	4.7456	−0.072%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0158%	4h	4.6909	−1.223%	$893K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7262	−0.480%	$669K	$399K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7525	+0.074%	$813K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.628%	$204K	$327K	5x	as long as short
Nado LIT-PERPlong	−0.0005%	1h	4.7490	long leg	$2.2M	$1.7M	10x
dYdX LIT-USD	0.0000%	1h	4.7491	+0.001%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7519	+0.061%	$32K	$839K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7521	+0.065%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0005%	8h	4.7420	−0.147%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.158%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0052%	4h	4.6888	−1.268%	$285K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7401	−0.187%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0062%	4h	4.7405	−0.178%	$75.3M	$80.9M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7480	−0.021%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7534	+0.093%	$59.8M	$29.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7496	+0.013%	$212.2M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7476	−0.029%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7444	−0.097%	$607K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7468	−0.046%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6888	−1.268%	$117K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7440	−0.105%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6920	−1.200%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7511	+0.044%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7532	+0.088%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7514	+0.051%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7478	−0.025%	$999	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7245	−0.516%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7405	−0.178%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0208%	1h	4.7547	+0.120%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0244%	4h	4.7241	−0.524%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7518	+0.060%	$62K	—	50x	as long as short