Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Nado against Arcus−0.014%52s7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.014%, 7d avg −0.051%

Together, before fees+0.081%+ Points / potential airdropNado: Active · farm board+$8 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: Nado is 0.038% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.7930	0.0100	pay 0.0013% / 1h	15m 34s	$127K	$446K	5x
Short	Nado LIT-PERP	4.7923	0.0100	get 0.0012% / 1h	15m 34s	$2.2M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Arcus. 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 ArcusbpFee NadobpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.051%: $3.76
Slippage, 4 orders: −$19.09
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.82
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Arcus: live order book, 23 min ago; Nado: live order book, 3 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 Arcus live order book, 23 min ago	1.56 bp	10.3 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.94 bp	8.5 bp −$9	36.0 bp −$360	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
Deribit LIT_USDC-PERPETUAL	−0.0612%	1h	4.7859	−0.149%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0383%	4h	4.7833	−0.202%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.314%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7899	−0.065%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0219%	1h	4.7870	−0.125%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0163%	4h	4.7917	−0.027%	$25.8M	$59.4M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.230%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.188%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7960	+0.063%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7900	−0.062%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0031%	4h	4.7930	0.000%	$41.6M	$27.8M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.230%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7725	−0.428%	$205K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7929	−0.002%	$798K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7902	−0.058%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7979	+0.102%	$59.8M	$26.8M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.7923	−0.014%	$2.2M	$1.6M	10x
Pacifica LIT	+0.0100%	1h	4.7938	+0.017%	$820K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7895	−0.073%	$76.8M	$73.9M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7930	long leg	$127K	$446K	5x
Gate LIT_USDT	+0.0100%	4h	4.7930	0.000%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7905	−0.052%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7932	+0.004%	$5.5M	$932K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7940	+0.021%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7899	−0.065%	$683K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.154%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7932	+0.004%	$447K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7879	−0.107%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7839	−0.190%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7874	−0.117%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7863	−0.140%	$192K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7840	−0.188%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.319%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7908	−0.046%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7866	−0.133%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.7995	+0.136%	$216.8M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0248%	1h	4.8006	+0.159%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0252%	4h	4.7982	+0.109%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7838	−0.192%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0360%	1h	4.7846	−0.176%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7895	−0.074%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7957	+0.057%	$32K	$646K	33x	as long as short