Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.064%

Price spread now: Phemex against Nado−0.014%7-day average −0.014% · 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−$86as in the Price arb table

costs, in and out, $10k−$860.864% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.014%, 7d avg −0.014%

Together, before fees−0.227%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7936	0.0100	pay 0.0012% / 1h	47m 27s	$2.1M	$1.5M	10x
Short	Phemex LITUSDT	4.7930	0.0100	get 0.0050% / 4h	1h 47m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.014%: $0.06
Slippage, 4 orders: −$67.42
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$86.36
Costs to cover: 0.864%
Break-even: 8872272038435950.0 days

Slippage from Nado: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	0.10 bp	10.3 bp −$10	28.9 bp −$289	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.26 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit

LIT on 41 exchanges

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
Orderly PERP_LIT_USDC	−0.0356%	4h	4.7885	−0.107%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0296%	1h	4.8127	+0.398%	$609K	$297K	50x	as long as short
01 Exchange LITUSD	−0.0232%	1h	4.7897	−0.082%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0092%	1h	4.7953	+0.034%	$42K	$19K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0082%	4h	4.7952	+0.032%	$26.1M	$53.9M	50x	as long as short
Bullet LIT-USD	−0.0073%	1h	4.7945	+0.018%	$86K	$44K	20x	as long as short
Extended LIT-USD	−0.0008%	1h	4.7931	−0.012%	$5.2M	$5.0M	25x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8018	+0.170%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7970	+0.069%	$36K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0012%	4h	4.7988	+0.107%	$892K	$1.9M	10x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.216%	$422	$178K	5.5x	as long as short
Gate LIT_USDT	+0.0046%	4h	4.7960	+0.049%	$2.8M	$3.6M	50x	as long as short
Bybit LITUSDT	+0.0063%	4h	4.7951	+0.030%	$41.6M	$24.8M	75x	as long as short
Phoenix LIT	+0.0083%	1h	4.8035	+0.205%	$206K	$268K	5x	as long as short
Pacifica LIT	+0.0092%	1h	4.7978	+0.087%	$638K	$1.5M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8015	+0.164%	$59.9M	$23.2M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.7941	+0.010%	$7K	$1K	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.7936	long leg	$2.1M	$1.5M	10x
Hyperliquid LIT	+0.0100%	1h	4.8007	+0.147%	$216.9M	$34.7M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7928	−0.018%	$77.4M	$65.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7961	+0.051%	$131K	$356K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8088	+0.316%	$157K	$37K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7935	−0.003%	$6.3M	$3.5M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7987	+0.105%	$5.5M	$660K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	+0.028%	$6.9M	$2.2M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7967	+0.064%	$684K	$870K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7961	+0.050%	$294K	$301K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8000	+0.132%	$58K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7950	+0.028%	$447K	$80K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7900	−0.076%	$4K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7955	+0.039%	$4K	$298K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8010	+0.153%	$193K	$268K	30x	as long as short
Phemex LITUSDTshort	+0.0100%	4h	4.7930	−0.014%	$1.4M	$2.7M	20x
Aevo LIT-PERP	+0.0104%	1h	4.7945	+0.017%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0176%	1h	4.7978	+0.087%	$818K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0272%	4h	4.8021	+0.176%	$12.8M	$1.7M	50x	as long as short
Lighter RH LIT	+0.0272%	1h	4.8022	+0.178%	$3.7M	$11.4M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7982	+0.095%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7965	+0.059%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7983	+0.097%	$28K	$559K	33x	as long as short
Aftermath Perps LITUSD	+0.0508%	1h	4.8000	+0.133%	$9K	$182K	10x	as long as short