Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.064%

Price spread now: Nado against Phemex+0.051%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.051%, 7d avg +0.016%

Together, before fees+0.202%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.035% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.8000	0.0100	pay 0.0050% / 4h	13m 59s	$1.4M	$2.7M	20x
Short	Nado LIT-PERP	4.8025	0.0100	get 0.0012% / 1h	13m 59s	$2.2M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.016%: $3.52
Slippage, 4 orders: −$58.35
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$73.83
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 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 Phemex live order book, 5 min ago	5.23 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.94 bp	8.5 bp −$9	36.0 bp −$360	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	−0.0405%	1h	4.8034	+0.071%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0383%	4h	4.8005	+0.010%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.459%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.8042	+0.087%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0215%	1h	4.8037	+0.077%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0162%	4h	4.8012	+0.025%	$25.8M	$59.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.375%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.333%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8083	+0.173%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8071	+0.148%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.083%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0038%	4h	4.8024	+0.050%	$41.6M	$27.6M	75x	as long as short
Phoenix LIT	+0.0050%	1h	4.7943	−0.119%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.8050	+0.105%	$800K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8101	+0.210%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8083	+0.173%	$59.9M	$26.8M	5x	as long as short
Nado LIT-PERPshort	+0.0100%	1h	4.8025	+0.051%	$2.2M	$1.6M	10x
Pacifica LIT	+0.0100%	1h	4.8087	+0.181%	$822K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7998	−0.004%	$76.9M	$73.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8038	+0.079%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8040	+0.083%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8002	+0.004%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8057	+0.119%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8030	+0.063%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8038	+0.079%	$685K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.300%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8032	+0.067%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8055	+0.115%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8015	+0.031%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8025	+0.052%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.165%	$193K	$312K	30x	as long as short
Phemex LITUSDTlong	+0.0100%	4h	4.8000	long leg	$1.4M	$2.7M	20x
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.465%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7993	−0.014%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8021	+0.044%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0208%	1h	4.8094	+0.196%	$217.2M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0248%	1h	4.8102	+0.213%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0259%	4h	4.8110	+0.229%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7936	−0.133%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0370%	1h	4.7891	−0.227%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	−0.092%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8062	+0.129%	$32K	$645K	33x	as long as short