Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0573%/8h= +62.8% APRpaid last 24h +0.138%

Price spread now: Nado against Orderly+0.095%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Nado is 0.095% dearer against Orderly than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.6885	−0.0625	get 0.0312% / 4h	1h 22m	$32K	$2K	10x
Short	Nado LIT-PERP	4.6929	−0.0052	pay 0.0006% / 1h	22m 08s	$2.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now +0.095%Rate

Funding earned: $120.38
Price spread: +0.095% → 0.000%: $9.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $116.87
Costs to cover: 0.130%
Break-even: 0.2 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 2 min ago	1.06 bp	8.5 bp −$9	25.9 bp −$259	doesn't fit	doesn't fit

Orderly: 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	−0.1262%	4h	4.6960	+0.160%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0831%	1h	4.6949	+0.137%	$659K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0768%	1h	4.6918	+0.070%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0625%	4h	4.6885	long leg	$32K	$2K	10x
01 Exchange LITUSD	−0.0568%	1h	4.6869	−0.034%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0521%	4h	4.6930	+0.096%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0463%	4h	4.6903	+0.038%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.6918	+0.070%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0303%	4h	4.6910	+0.053%	$42.4M	$30.1M	75x	as long as short
KuCoin LITUSDTM	−0.0282%	4h	4.6941	+0.119%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0201%	1h	4.7036	+0.321%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0162%	4h	4.7040	+0.331%	$899K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	+0.666%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.6965	+0.172%	$783K	$2.1M	5x	as long as short
Nado LIT-PERPshort	−0.0052%	1h	4.6929	+0.095%	$2.1M	$1.7M	10x
Phoenix LIT	−0.0034%	1h	4.7054	+0.360%	$243K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7004	+0.254%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0001%	8h	4.6927	+0.090%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.6988	+0.219%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.463%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7028	+0.304%	$286K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.6896	+0.023%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6892	+0.015%	$74.4M	$80.8M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6914	+0.061%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0095%	1h	4.6925	+0.085%	$990	$464K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6986	+0.215%	$59.2M	$29.7M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7000	+0.245%	$209.7M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6976	+0.194%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6996	+0.237%	$578K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6945	+0.128%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6948	+0.135%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6950	+0.139%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7050	+0.352%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6927	+0.090%	$443K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6966	+0.172%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6926	+0.087%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7116	+0.493%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6895	+0.022%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7013	+0.273%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0227%	4h	4.6923	+0.081%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.6955	+0.150%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0374% / S −0.0169%	1h	4.6993	+0.230%	$62K	—	50x	as long as short