Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC+0.0347%/8h= +37.9% APRpaid last 24h +0.049%

Price spread now: Perpl against Nado+0.330%55s7-day average −0.007% · you sell dearer than you buy

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

Long on Nado Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.127%+$13 on $10k

Price spread, last 7 days−0.359%−$36 · spread now +0.330%, 7d avg −0.007%

Together, before fees−0.232%+ Points / potential airdropNado: Active · Perpl: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Perpl is 0.337% dearer against Nado than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 55 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	Nado LIT-PERP	4.6825	0.0100	pay 0.0012% / 1h	7m 34s	$2.2M	$1.7M	10x
Short	Perpl LIT	4.6979	0.0447	get 0.0040% / 43m	38m 34s	$31K	$806K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.330%Rate

Funding earned: $72.77
Price spread: +0.330% → −0.007%: $33.68
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $85.65
Costs to cover: 0.208%
Break-even: from the start

Slippage unknown: Nado: live order book, 1 min ago; Perpl: no order-book sample. 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 Nado live order book, 1 min ago	0.53 bp	5.5 bp −$6	20.3 bp −$203	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

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
Deribit LIT_USDC-PERPETUAL	−0.0472%	1h	4.6940	+0.245%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0377%	4h	4.6892	+0.143%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.6840	+0.032%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0261%	1h	4.6929	+0.223%	$84K	$68K	20x	as long as short
ApeX Omni LITUSDT	−0.0115%	1h	4.6900	+0.160%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0098%	4h	4.6930	+0.224%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7010	+0.395%	$202K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.054%	$611K	$411K	50x	as long as short
Phemex LITUSDT	−0.0017%	4h	4.6930	+0.224%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6978	+0.326%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	+0.0005%	1h	4.6921	+0.204%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0018%	4h	4.6848	+0.049%	$25.2M	$61.6M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.595%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0038%	4h	4.6966	+0.301%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0069%	8h	4.6888	+0.135%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0070%	4h	4.6846	+0.045%	$41.6M	$28.5M	75x	as long as short
GRVT LIT_USDT_Perp	+0.0082%	4h	4.6940	+0.246%	$917K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6943	+0.252%	$58.5M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6962	+0.293%	$3.6M	$13.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6910	+0.182%	$782K	$2.1M	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.6825	long leg	$2.2M	$1.7M	10x
Hyperliquid LIT	+0.0100%	1h	4.6946	+0.258%	$209.8M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6921	+0.205%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6840	+0.032%	$74.7M	$78.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6906	+0.173%	$122K	$454K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6886	+0.130%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6870	+0.096%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6960	+0.288%	$665K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6901	+0.163%	$286K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6898	+0.156%	$438K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6974	+0.317%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6918	+0.199%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6944	+0.254%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7003	+0.380%	$199K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7305	+1.025%	$118K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6863	+0.080%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6938	+0.241%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0195%	1h	4.7034	+0.447%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0215%	4h	4.6959	+0.286%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6917	+0.196%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0416% / S −0.0214%	1h	4.6970	+0.310%	$63K	—	50x	as long as short
Perpl LITshort	+0.0447%	43m	4.6979	+0.330%	$31K	$806K	33x