Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0952%/8h= −104.2% APRpaid last 24h −0.011%

Price spread now: Gate against Nado−0.018%7-day average +0.016% · 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−$58as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.018%, 7d avg +0.016%

Together, before fees−0.023%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.034% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.042% in total (about -4.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7428	0.0100	pay 0.0012% / 1h	25m 56s	$2.2M	$1.7M	10x
Short	Gate LIT_USDT	4.7420	−0.0852	pay 0.0426% / 4h	25m 56s	$2.8M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$199.92
Price spread: −0.018% → +0.016%: −$3.37
Slippage, 4 orders: −$32.54
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$257.83
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	1.90 bp	7.3 bp −$7	25.1 bp −$251	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.11 bp	17.9 bp −$18	51.3 bp −$513	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
Gate LIT_USDTshort	−0.0852%	4h	4.7420	−0.018%	$2.8M	$4.5M	50x
Deribit LIT_USDC-PERPETUAL	−0.0777%	1h	4.7387	−0.087%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0577%	4h	4.7329	−0.210%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7374	−0.115%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0402%	4h	4.7365	−0.134%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0343%	4h	4.7370	−0.123%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0327%	1h	4.7401	−0.057%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0202%	4h	4.7438	+0.020%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.379%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0108%	4h	4.7364	−0.137%	$900K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7369	−0.125%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0025%	4h	4.7360	−0.144%	$42.7M	$30.0M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7449	+0.042%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7494	+0.138%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7442	+0.028%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7472	+0.091%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7430	+0.003%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.289%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0086%	4h	4.7392	−0.076%	$288K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0092%	4h	4.7343	−0.180%	$5.5M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7337	−0.193%	$75.4M	$81.6M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7458	+0.062%	$59.7M	$30.0M	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.7428	long leg	$2.2M	$1.7M	10x
Aster LITUSDT	+0.0100%	4h	4.7457	+0.059%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7489	+0.127%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7446	+0.037%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.159%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−0.081%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7421	−0.016%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7460	+0.066%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7438	+0.020%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7420	−0.019%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7443	+0.031%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7405	−0.050%	$984	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7600	+0.362%	$190K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7357	−0.151%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7375	−0.113%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0182%	1h	4.7478	+0.104%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7478	+0.104%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0206%	1h	4.7470	+0.088%	$212.9M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0332%	4h	4.7457	+0.060%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7431	+0.005%	$62K	—	50x	as long as short