Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Aster+0.111%7-day average +0.064% · 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−$21as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.269%+$27 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.111%, 7d avg +0.064%

Together, before fees+0.170%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter RH is 0.047% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.7186	0.0100	pay 0.0050% / 4h	2h 46m	$12.6M	$2.5M	50x
Short	Lighter RH LIT	4.7238	0.0344	get 0.0043% / 1h	46m 07s	$3.7M	$14.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.111%Rate

Funding earned: $51.24
Price spread: +0.111% → +0.064%: $4.7
Slippage, 4 orders: −$17.64
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $30.3
Costs to cover: 0.256%
Break-even: 2.9 days

Slippage from Aster: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago	2.11 bp	11.6 bp −$12	28.2 bp −$282	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.95 bp	4.4 bp −$4	13.8 bp −$138	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	−0.0953%	1h	4.7153	−0.069%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7095	−0.192%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0645%	1h	4.7187	+0.003%	$663K	$1.5M	5x	as long as short
Gate LIT_USDT	−0.0588%	4h	4.7170	−0.033%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0577%	4h	4.7083	−0.218%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0399%	4h	4.7110	−0.161%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0330%	4h	4.7196	+0.022%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0301%	4h	4.7149	−0.078%	$24.9M	$60.7M	50x	as long as short
Bullet LIT-USD	−0.0301%	1h	4.7151	−0.074%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0278%	4h	4.7360	+0.368%	$897K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0255%	4h	4.7149	−0.078%	$42.6M	$30.4M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7349	+0.345%	$653K	$399K	50x	as long as short
Nado LIT-PERP	−0.0138%	1h	4.7145	−0.086%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	−0.0080%	1h	4.7126	−0.127%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0077%	1h	4.7135	−0.108%	$977	$484K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.528%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7116	−0.148%	$5K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7180	−0.012%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7197	+0.024%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7186	0.000%	$812K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.810%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0036%	4h	4.7126	−0.127%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0037%	4h	4.7129	−0.120%	$74.5M	$80.9M	75x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7114	−0.153%	$147K	$44K	3x	as long as short
edgeX LITUSDC	+0.0051%	4h	4.7388	+0.429%	$288K	$312K	10x	as long as short
Polymarket Perps LIT-USD	+0.0071%	1h	4.7166	−0.042%	$445K	$105K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.448%	$119K	$7K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7219	+0.070%	$59.2M	$29.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7176	−0.021%	$209.6M	$44.6M	5x	as long as short
Aster LITUSDTlong	+0.0100%	4h	4.7186	long leg	$12.6M	$2.5M	50x
Pacifica LIT	+0.0100%	1h	4.7165	−0.044%	$592K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7163	−0.048%	$118K	$442K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7200	+0.030%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.560%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7182	−0.008%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7159	−0.057%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7273	+0.185%	$189K	$327K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7175	−0.023%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0147%	4h	4.7025	−0.341%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0185%	1h	4.7407	+0.469%	$11K	$198K	10x	as long as short
Lighter RH LITshort	+0.0344%	1h	4.7238	+0.111%	$3.7M	$14.1M	5x
GMX LIT/USD [ETH-USDC]	L +0.0387% / S −0.0190%	1h	4.7193	+0.016%	$59K	—	50x	as long as short