Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.053%

Price spread now: Nado against Perpl−0.101%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+0.150%+$15 · spread now −0.101%, 7d avg +0.007%

Together, before fees+0.029%+ Points / potential airdropPerpl: Active · Nado: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.108% cheaper against Perpl than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.007%). If the spread goes back, that is −$11 on $10k: about 11 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	4.7618	0	get 0.0000% / 43m	11m 00s	$31K	$856K	33x
Short	Nado LIT-PERP	4.7570	0.0031	get 0.0004% / 1h	32m 00s	$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 −0.101%Rate

Funding earned: $6.61
Price spread: −0.101% → +0.007%: −$10.78
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: −$24.97
Costs to cover: 0.208%
Break-even: 33.4 days

Slippage unknown: Perpl: no order-book sample; Nado: live order book, 2 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, 2 min ago	2.10 bp	10.5 bp −$10	29.9 bp −$299	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	−0.0887%	1h	4.7615	−0.007%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0519%	4h	4.7558	−0.126%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0448%	1h	4.7518	−0.210%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0379%	1h	4.7589	−0.062%	$85K	$75K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0219%	4h	4.7642	+0.050%	$25.9M	$64.3M	50x	as long as short
KuCoin LITUSDTM	−0.0154%	4h	4.7671	+0.111%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7831	+0.447%	$676K	$406K	50x	as long as short
Phemex LITUSDT	−0.0054%	4h	4.7580	−0.080%	$1.4M	$2.7M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0052%	4h	4.7744	+0.264%	$917K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7755	+0.287%	$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
ApeX Omni LITUSDT	−0.0032%	1h	4.7760	+0.298%	$56K	$77K	50x	as long as short
Perpl LITlong	0.0000%	43m	4.7618	long leg	$31K	$856K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7653	+0.073%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0004%	1h	4.7682	+0.135%	$34K	—	5x	as long as short
Nado LIT-PERPshort	+0.0031%	1h	4.7570	−0.101%	$2.2M	$1.7M	10x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.886%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0037%	8h	4.7563	−0.116%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.7602	−0.034%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7673	+0.115%	$59.6M	$29.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7656	+0.079%	$12.7M	$2.2M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7655	+0.077%	$592K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7612	−0.013%	$76.0M	$81.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7630	+0.025%	$42.9M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7607	−0.023%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7740	+0.256%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7640	+0.046%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7609	−0.019%	$5.7M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7660	+0.088%	$6.8M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7636	+0.038%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7770	+0.318%	$291K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7656	+0.080%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7561	−0.120%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7617	−0.002%	$997	$461K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7698	+0.168%	$190K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7625	+0.015%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7635	+0.036%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7613	−0.012%	$793K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0136%	1h	4.7691	+0.153%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0275%	1h	4.7711	+0.195%	$214.1M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7617	−0.002%	$1.6M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0357%	1h	4.7693	+0.158%	$10K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0395% / S −0.0184%	1h	4.7642	+0.051%	$64K	—	50x	as long as short