Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.001%

Price spread now: Paradex against Nado−0.059%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.059% cheaper against Nado than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7187	−0.0084	get 0.0011% / 1h	46m 16s	$2.2M	$1.7M	10x
Short	Paradex LIT-USD-PERP	4.7159	0.0075	get 0.0075% / 8h	3h 46m	$6K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.059%Rate

Funding earned: $33.42
Price spread: −0.059% → 0.000%: −$5.94
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $16.47
Costs to cover: 0.110%
Break-even: 3.5 days

Slippage unknown: Nado: live order book, 3 min ago; Paradex: 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, 3 min ago	0.85 bp	9.5 bp −$10	27.0 bp −$270	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0386%	4h	4.7157	−0.065%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.601%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0200%	1h	4.7183	−0.010%	$33K	$3K	5x	as long as short
ApeX Omni LITUSDT	−0.0153%	1h	4.7150	−0.079%	$56K	$76K	50x	as long as short
Bullet LIT-USD	−0.0152%	1h	4.7200	+0.026%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0150%	1h	4.7218	+0.065%	$41K	$40K	10x	as long as short
Nado LIT-PERPlong	−0.0084%	1h	4.7187	long leg	$2.2M	$1.7M	10x
Phoenix LIT	−0.0017%	1h	4.7220	+0.069%	$203K	$299K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0017%	4h	4.7216	+0.060%	$25.4M	$61.6M	50x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7214	+0.056%	$825K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0006%	4h	4.7202	+0.032%	$917K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0004%	4h	4.7187	−0.001%	$5.3M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7232	+0.094%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7228	+0.085%	$11K	—	150x	as long as short
Phemex LITUSDT	+0.0019%	4h	4.7210	+0.048%	$1.3M	$2.9M	20x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.807%	$422	$178K	5.5x	as long as short
Aftermath Perps LITUSD	+0.0060%	1h	4.7245	+0.123%	$9K	$206K	10x	as long as short
Paradex LIT-USD-PERPshort	+0.0075%	8h	4.7159	−0.059%	$6K	$2K	5x
Lighter LIT	+0.0096%	1h	4.7264	+0.162%	$59.0M	$28.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7279	+0.193%	$211.1M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7228	+0.086%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7193	+0.012%	$75.7M	$79.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7200	+0.026%	$41.4M	$29.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7220	+0.069%	$118K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7220	+0.069%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7195	+0.016%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7220	+0.069%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7225	+0.079%	$662K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7195	+0.016%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7208	+0.043%	$441K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7239	+0.110%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7184	−0.007%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7217	+0.063%	$1K	$382K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7300	+0.238%	$200K	$360K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7192	+0.009%	$118K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7187	−0.002%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7204	+0.035%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7221	+0.072%	$32K	$758K	33x	as long as short
Aster LITUSDT	+0.0248%	4h	4.7265	+0.165%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7167	−0.043%	$1.5M	$1.9M	75x	as long as short
Lighter RH LIT	+0.0352%	1h	4.7287	+0.211%	$3.8M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7224	+0.077%	$65K	—	50x	as long as short