Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: Derive against Nado+0.082%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.082% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.6945	0.0100	pay 0.0012% / 1h	11m 56s	$2.2M	$1.7M	10x
Short	Derive LIT-PERP	4.6983	0.0100	get 0.0013% / 1h	11m 56s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → 0.000%: $8.15
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$4.85
Costs to cover: 0.130%
Break-even: 497794549090290.9 days

Slippage unknown: Nado: live order book, 2 min ago; Derive: 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, 2 min ago	0.85 bp	6.7 bp −$7	20.5 bp −$205	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Orderly PERP_LIT_USDC	−0.0384%	4h	4.6903	−0.089%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0346%	1h	4.6964	+0.041%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.6901	−0.094%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0248%	1h	4.6953	+0.016%	$84K	$68K	20x	as long as short
Gate LIT_USDT	−0.0096%	4h	4.6930	−0.032%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7086	+0.300%	$203K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.310%	$611K	$411K	50x	as long as short
Phemex LITUSDT	−0.0011%	4h	4.6960	+0.032%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6996	+0.108%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0005%	1h	4.6991	+0.097%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	+0.0022%	4h	4.6895	−0.107%	$25.2M	$61.8M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.333%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0044%	4h	4.6905	−0.085%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.6929	−0.035%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0082%	4h	4.7444	+1.063%	$927K	$1.7M	10x	as long as short
Bybit LITUSDT	+0.0088%	4h	4.6875	−0.149%	$41.6M	$28.7M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7009	+0.136%	$58.6M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7020	+0.160%	$3.6M	$13.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0099%	1h	4.7460	+1.097%	$57K	$76K	50x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6966	+0.044%	$783K	$2.1M	5x	as long as short
Nado LIT-PERPlong	+0.0100%	1h	4.6945	long leg	$2.2M	$1.7M	10x
Hyperliquid LIT	+0.0100%	1h	4.6946	+0.002%	$209.8M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6977	+0.068%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6916	−0.062%	$74.8M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6965	+0.043%	$122K	$454K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6883	−0.132%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6890	−0.117%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6923	−0.047%	$667K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7387	+0.941%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6976	+0.066%	$439K	$110K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.6983	+0.082%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6946	+0.002%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6965	+0.043%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7100	+0.330%	$195K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7305	+0.767%	$118K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6888	−0.121%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6975	+0.064%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0190%	1h	4.7108	+0.347%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0212%	4h	4.6988	+0.092%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6947	+0.004%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0213%	1h	4.6990	+0.096%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6985	+0.085%	$31K	$814K	33x	as long as short