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 −0.008%

Price spread now: Nado against Pacifica−0.123%7-day average −0.019% · 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−$44as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.172%+$17 · spread now −0.123%, 7d avg −0.019%

Together, before fees+0.163%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$16 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 0.103% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LIT	4.7750	0.0100	pay 0.0013% / 1h	21m 46s	$816K	$1.8M	10x
Short	Nado LIT-PERP	4.7691	0.0100	get 0.0012% / 1h	21m 46s	$2.2M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.019%: −$10.31
Slippage, 4 orders: −$19.04
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.35
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; Nado: 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 Pacifica live order book, 2 min ago	0.31 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	1.57 bp	8.9 bp −$9	38.1 bp −$381	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
Orderly PERP_LIT_USDC	−0.0381%	4h	4.7635	−0.241%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	+0.062%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.7658	−0.193%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0219%	1h	4.7694	−0.117%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0218%	1h	4.7671	−0.165%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0163%	4h	4.7707	−0.090%	$25.7M	$59.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.7613	−0.286%	$882K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0087%	1h	4.7660	−0.188%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7750	+0.001%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7718	−0.066%	$35K	—	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	+0.0022%	4h	4.7710	−0.084%	$41.4M	$28.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.607%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7831	+0.170%	$205K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7718	−0.067%	$795K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7662	−0.185%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7746	−0.008%	$59.5M	$26.7M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.7691	−0.123%	$2.2M	$1.6M	10x
Pacifica LITlong	+0.0100%	1h	4.7750	long leg	$816K	$1.8M	10x
Binance LITUSDT	+0.0100%	4h	4.7688	−0.130%	$76.4M	$74.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7740	−0.021%	$124K	$443K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7812	+0.130%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7720	−0.063%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7676	−0.155%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7731	−0.040%	$5.4M	$942K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	−0.063%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7696	−0.113%	$680K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7638	−0.235%	$291K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7687	−0.132%	$444K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7710	−0.084%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7646	−0.218%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7695	−0.115%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7816	+0.138%	$192K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7680	−0.147%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7692	−0.121%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7662	−0.185%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0231%	1h	4.7804	+0.113%	$215.9M	$38.7M	5x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7766	+0.034%	$12.8M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7763	+0.027%	$3.7M	$12.8M	5x	as long as short
Aftermath Perps LITUSD	+0.0332%	1h	4.7745	−0.011%	$9K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7774	+0.050%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7709	−0.085%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7726	−0.050%	$32K	$649K	33x	as long as short