Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.052%

Price spread now: Nado against Perpl−0.067%7-day average +0.008% · you buy dearer than you sell

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

Long on Perpl Short on Nado

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+0.101%+$10 · spread now −0.067%, 7d avg +0.008%

Together, before fees−0.021%+ Points / potential airdropPerpl: Active · Nado: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.075% cheaper against Perpl than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.008%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7831	0	get 0.0000% / 43m	10m 28s	$32K	$840K	33x
Short	Nado LIT-PERP	4.7799	0.0100	get 0.0012% / 1h	57m 28s	$2.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Perpl. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpFee NadobpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → +0.008%: −$7.46
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$7.26
Costs to cover: 0.208%
Break-even: 9.4 days

Slippage unknown: Perpl: no order-book sample; Nado: live order book, 1 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 Perpl no order-book sample	—	—	—	—	—
Sell Nado live order book, 1 min ago	0.42 bp	10.2 bp −$10	30.3 bp −$303	doesn't fit	doesn't fit

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	−0.1068%	4h	4.7770	−0.128%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0738%	1h	4.7725	−0.223%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0623%	4h	4.7674	−0.329%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0490%	4h	4.7720	−0.233%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0459%	4h	4.7799	−0.068%	$25.9M	$64.1M	50x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7714	−0.245%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0356%	1h	4.7825	−0.013%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0242%	4h	4.7804	−0.057%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0205%	4h	4.7780	−0.107%	$43.1M	$30.0M	75x	as long as short
Aftermath Perps LITUSD	−0.0151%	1h	4.7695	−0.284%	$13K	$203K	10x	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	−0.0120%	4h	4.7610	−0.463%	$907K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7929	+0.205%	$678K	$405K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7829	−0.005%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7783	−0.101%	$34K	—	5x	as long as short
Perpl LITlong	0.0000%	43m	4.7831	long leg	$32K	$840K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7870	+0.080%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0005%	8h	4.7723	−0.226%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7785	−0.097%	$819K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.436%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7770	−0.128%	$5.7M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0061%	4h	4.7594	−0.497%	$290K	$309K	10x	as long as short
Binance LITUSDT	+0.0062%	4h	4.7800	−0.066%	$76.1M	$81.2M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7725	−0.222%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7817	−0.030%	$60.2M	$29.6M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.7799	−0.067%	$2.2M	$1.7M	10x
Aster LITUSDT	+0.0100%	4h	4.7851	+0.040%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7773	−0.122%	$619K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7755	−0.160%	$119K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.555%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	−0.045%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7793	−0.080%	$671K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7730	−0.212%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7813	−0.038%	$452K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7766	−0.136%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7735	−0.202%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7725	−0.222%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7814	−0.036%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7738	−0.195%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0120%	1h	4.7819	−0.026%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0240%	4h	4.7811	−0.043%	$1.6M	$2.1M	75x	as long as short
Hyperliquid LIT	+0.0325%	1h	4.7875	+0.091%	$214.3M	$44.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7757	−0.156%	$63K	—	50x	as long as short