LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.016%

Price spread now: Nado against Lighter−0.111%7-day average −0.085% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.142%−$14 on $10k

Price spread, last 7 days+0.256%+$26 · spread now −0.111%, 7d avg −0.085%

Together, before fees+0.114%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.025% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7828	0.0096	pay 0.0012% / 1h	28m 17s	$59.5M	$26.1M	5x
Short	Nado LIT-PERP	4.7775	0.0035	get 0.0004% / 1h	28m 17s	$2.1M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.111%Rate

Funding earned: −$12.86
Price spread: −0.111% → −0.085%: −$2.54
Slippage, 4 orders: −$19.6
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$42
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 5 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 Lighter live order book, 6 min ago	0.52 bp	3.4 bp −$3	16.0 bp −$160	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	1.36 bp	9.7 bp −$10	28.2 bp −$282	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
Deribit LIT_USDC-PERPETUAL	−0.0562%	1h	4.7749	−0.166%	$42K	$39K	10x	as long as short
01 Exchange LITUSD	−0.0496%	1h	4.7769	−0.123%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0482%	4h	4.7728	−0.209%	$881K	$2.0M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0394%	4h	4.7706	−0.255%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7938	+0.230%	$607K	$349K	50x	as long as short
Gate LIT_USDT	−0.0280%	4h	4.7760	−0.142%	$2.8M	$4.0M	50x	as long as short
Bullet LIT-USD	−0.0238%	1h	4.7730	−0.204%	$86K	$66K	20x	as long as short
ApeX Omni LITUSDT	−0.0170%	1h	4.7690	−0.289%	$57K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0164%	4h	4.7792	−0.075%	$25.8M	$58.8M	50x	as long as short
Bybit LITUSDT	−0.0088%	4h	4.7780	−0.100%	$41.5M	$27.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0086%	1h	4.7805	−0.048%	$682K	$985K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7822	−0.012%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7766	−0.131%	$35K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.7718	−0.230%	$205K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.443%	$422	$178K	5.5x	as long as short
Nado LIT-PERPshort	+0.0035%	1h	4.7775	−0.111%	$2.1M	$1.6M	10x
Paradex LIT-USD-PERP	+0.0096%	8h	4.7792	−0.074%	$7K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7828	long leg	$59.5M	$26.1M	5x
Lighter RH LIT	+0.0096%	1h	4.7849	+0.044%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7819	−0.019%	$215.8M	$38.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7785	−0.090%	$649K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7762	−0.138%	$76.7M	$73.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7778	−0.105%	$124K	$422K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7747	−0.169%	$6.1M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7772	−0.117%	$5.4M	$867K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7750	−0.163%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7711	−0.244%	$292K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7805	−0.048%	$445K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7720	−0.227%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7773	−0.115%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7755	−0.153%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7807	−0.044%	$192K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7730	−0.205%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7738	−0.188%	$121K	$2K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7737	−0.190%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7719	−0.227%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7801	−0.056%	$796K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0265%	4h	4.7816	−0.026%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7763	−0.135%	$32K	$629K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7740	−0.184%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7751	−0.160%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0475%	1h	4.7860	+0.066%	$10K	$197K	10x	as long as short