Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.067%

Price spread now: Phemex against Nado+0.072%7-day average −0.013% · 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−$72as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.118%−$12 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.072%, 7d avg −0.013%

Together, before fees−0.406%+ Points / potential airdropNado: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.085% dearer against Nado than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.013%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.6716	0.0100	pay 0.0012% / 1h	38m 46s	$2.2M	$1.7M	10x
Short	Phemex LITUSDT	4.6750	0.0016	get 0.0008% / 4h	1h 38m	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$17.69
Price spread: +0.072% → −0.013%: $8.49
Slippage, 4 orders: −$61.93
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$90.13
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Phemex: live order book, 5 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	0.96 bp	7.3 bp −$7	27.0 bp −$270	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.21 bp	37.1 bp −$37	doesn't fit	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
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6724	+0.016%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0299%	1h	4.6787	+0.151%	$84K	$68K	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.6709	−0.016%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0147%	1h	4.6776	+0.128%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0138%	4h	4.6790	+0.157%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6842	+0.269%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6865	+0.319%	$658K	$372K	50x	as long as short
KuCoin LITUSDTM	−0.0010%	4h	4.6775	+0.125%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0008%	4h	4.6755	+0.082%	$25.3M	$61.5M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6798	+0.174%	$11K	—	150x	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_Perp	+0.0010%	4h	4.6830	+0.243%	$909K	$1.7M	10x	as long as short
dYdX LIT-USD	+0.0012%	1h	4.6791	+0.160%	$34K	—	5x	as long as short
Phemex LITUSDTshort	+0.0016%	4h	4.6750	+0.072%	$1.4M	$2.8M	20x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.833%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0041%	1h	4.6787	+0.151%	$683K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0057%	1h	4.6800	+0.179%	$56K	$77K	50x	as long as short
Paradex LIT-USD-PERP	+0.0068%	8h	4.6762	+0.098%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	+0.190%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6843	+0.271%	$58.5M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6763	+0.100%	$779K	$2.0M	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.6716	long leg	$2.2M	$1.7M	10x
Hyperliquid LIT	+0.0100%	1h	4.6857	+0.301%	$209.3M	$41.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6781	+0.138%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6761	+0.096%	$74.3M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6758	+0.089%	$41.4M	$28.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6766	+0.106%	$117K	$447K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6774	+0.123%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6820	+0.222%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6742	+0.054%	$285K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6784	+0.144%	$442K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6800	+0.179%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6712	−0.010%	$5K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6740	+0.050%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6822	+0.226%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6752	+0.076%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6763	+0.099%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.6868	+0.324%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0179%	4h	4.6844	+0.274%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0256%	1h	4.6814	+0.209%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6735	+0.040%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0410% / S −0.0207%	1h	4.6801	+0.182%	$62K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6826	+0.235%	$31K	$827K	33x	as long as short