Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.053%

Price spread now: Nado against Perpl−0.079%7-day average +0.007% · you buy dearer than you sell

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

Long on Perpl Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.121%−$12 on $10k

Price spread, last 7 days+0.128%+$13 · spread now −0.079%, 7d avg +0.007%

Together, before fees+0.007%+ Points / potential airdropPerpl: Active · Nado: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.086% cheaper against Perpl than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.007%). If the spread goes back, that is −$9 on $10k: about 6.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.121%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7473	0	get 0.0000% / 43m	6m 23s	$31K	$855K	33x
Short	Nado LIT-PERP	4.7435	0.0045	get 0.0006% / 1h	27m 23s	$2.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Perpl. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpFee NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: $9.4
Price spread: −0.079% → +0.007%: −$8.6
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20
Costs to cover: 0.208%
Break-even: 21.9 days

Slippage unknown: Perpl: no order-book sample; Nado: live order book, 1 min ago. 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 Perpl no order-book sample	—	—	—	—	—
Sell Nado live order book, 1 min ago	1.16 bp	8.6 bp −$9	28.5 bp −$285	doesn't fit	doesn't fit

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	−0.0919%	1h	4.7492	+0.042%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0512%	4h	4.7461	−0.024%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7412	−0.128%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0359%	1h	4.7442	−0.064%	$85K	$75K	20x	as long as short
ApeX Omni LITUSDT	−0.0304%	1h	4.7460	−0.027%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0210%	4h	4.7447	−0.054%	$25.8M	$63.8M	50x	as long as short
KuCoin LITUSDTM	−0.0144%	4h	4.7433	−0.083%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0114%	4h	4.7657	+0.387%	$906K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7619	+0.309%	$674K	$406K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7684	+0.445%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LITlong	0.0000%	43m	4.7473	long leg	$31K	$855K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7491	+0.039%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0004%	1h	4.7471	−0.004%	$34K	—	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.195%	$422	$178K	5.5x	as long as short
Gate LIT_USDT	+0.0038%	4h	4.7450	−0.048%	$2.8M	$4.5M	50x	as long as short
Paradex LIT-USD-PERP	+0.0039%	8h	4.7383	−0.188%	$7K	$2K	5x	as long as short
Nado LIT-PERPshort	+0.0045%	1h	4.7435	−0.079%	$2.2M	$1.7M	10x
Polymarket Perps LIT-USD	+0.0076%	1h	4.7458	−0.031%	$449K	$104K	10x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.7547	+0.157%	$119K	$1K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7474	+0.003%	$59.4M	$29.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7507	+0.073%	$12.7M	$2.2M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7445	−0.058%	$590K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7414	−0.123%	$75.7M	$80.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7430	−0.090%	$42.7M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7424	−0.102%	$117K	$450K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7418	−0.115%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	−0.005%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7504	+0.066%	$688K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7496	+0.049%	$289K	$307K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7558	+0.180%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7589	+0.245%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7474	+0.003%	$993	$459K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7569	+0.203%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7480	+0.016%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7400	−0.153%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7518	+0.095%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7461	−0.023%	$791K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7505	+0.068%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0282%	1h	4.7529	+0.119%	$213.2M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7450	−0.048%	$1.5M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0362%	1h	4.7609	+0.287%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0395% / S −0.0185%	1h	4.7481	+0.018%	$64K	—	50x	as long as short