Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.001%

Price spread now: Lighter against Aster−0.002%7-day average +0.020% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.160%+$16 on $10k

Price spread, last 7 days−0.126%−$13 · spread now −0.002%, 7d avg +0.020%

Together, before fees+0.034%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$3 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 Lighter is 0.022% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.160%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.6874	0.0169	pay 0.0085% / 4h	1h 44m	$12.6M	$2.0M	50x
Short	Lighter LIT	4.6873	0.0096	get 0.0012% / 1h	44m 18s	$58.5M	$28.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$15.42
Price spread: −0.002% → +0.020%: −$2.23
Slippage, 4 orders: −$17.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.2
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Lighter: live order book, 15 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 Aster live order book, 5 min ago	2.14 bp	8.7 bp −$9	21.7 bp −$217	doesn't fit	doesn't fit
Sell Lighter live order book, 15 min ago	0.43 bp	5.6 bp −$6	17.2 bp −$172	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
Orderly PERP_LIT_USDC	−0.0396%	4h	4.6783	−0.194%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0340%	1h	4.6816	−0.123%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.6796	−0.166%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0177%	1h	4.6851	−0.050%	$41K	$40K	10x	as long as short
ApeX Omni LITUSDT	−0.0160%	1h	4.6710	−0.350%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0094%	4h	4.6830	−0.094%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6728	−0.311%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.158%	$657K	$372K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.6843	−0.066%	$25.3M	$61.6M	50x	as long as short
KuCoin LITUSDTM	−0.0018%	4h	4.6789	−0.181%	$5.2M	$1.1M	30x	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	−0.0016%	4h	4.6690	−0.393%	$905K	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0006%	4h	4.6780	−0.201%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6868	−0.012%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0011%	1h	4.6859	−0.032%	$679K	$1.4M	5x	as long as short
dYdX LIT-USD	+0.0016%	1h	4.6811	−0.134%	$34K	—	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.488%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0064%	8h	4.6780	−0.201%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	−0.146%	$117K	$2K	10x	as long as short
Lighter LITshort	+0.0096%	1h	4.6873	−0.002%	$58.5M	$28.6M	5x
RISEx LIT/USDC	+0.0099%	1h	4.6829	−0.096%	$781K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6790	−0.179%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6876	+0.003%	$209.4M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6831	−0.091%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6809	−0.139%	$74.4M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6820	−0.115%	$41.5M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6800	−0.158%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6803	−0.151%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6850	−0.051%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6665	−0.447%	$284K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6823	−0.109%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6870	−0.007%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6808	−0.141%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6835	−0.083%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6874	0.000%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6823	−0.110%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6822	−0.110%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0128%	1h	4.6899	+0.053%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDTlong	+0.0169%	4h	4.6874	long leg	$12.6M	$2.0M	50x
Aftermath Perps LITUSD	+0.0260%	1h	4.6804	−0.149%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6784	−0.192%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6861	−0.028%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6831	−0.091%	$31K	$828K	33x	as long as short