LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against Backpack+0.171%7-day average −0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs+$9as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days−0.353%−$35 · spread now +0.171%, 7d avg −0.165%

Together, before fees−0.235%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.336% dearer against Backpack than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.6883	−0.0010	get 0.0001% / 1h	54m 28s	$664K	$1.4M	5x
Short	Lighter LIT	4.6963	0.0096	get 0.0012% / 1h	54m 28s	$58.5M	$28.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.171%Rate

Funding earned: $22.27
Price spread: +0.171% → −0.165%: $33.58
Slippage, 4 orders: −$14.29
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $31.56
Costs to cover: 0.243%
Break-even: from the start

Slippage from Backpack: live order book, 5 min ago; Lighter: live order book, 9 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 Backpack live order book, 5 min ago	0.53 bp	5.7 bp −$6	15.5 bp −$155	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.11 bp	6.9 bp −$7	16.1 bp −$161	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	−0.0590%	1h	4.6838	−0.096%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.6848	−0.075%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0384%	4h	4.6817	−0.141%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0275%	1h	4.6835	−0.102%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	−0.076%	$612K	$412K	50x	as long as short
ApeX Omni LITUSDT	−0.0152%	1h	4.6820	−0.134%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0150%	4h	4.6950	+0.143%	$2.7M	$4.2M	50x	as long as short
Phemex LITUSDT	−0.0091%	4h	4.6820	−0.134%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.6835	−0.102%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0012%	4h	4.6883	0.000%	$41.6M	$28.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERPlong	−0.0010%	1h	4.6883	long leg	$664K	$1.4M	5x
dYdX LIT-USD	0.0000%	1h	4.6952	+0.147%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0001%	4h	4.6915	+0.068%	$25.2M	$61.6M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6880	−0.006%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0004%	4h	4.6883	0.000%	$5.2M	$1.0M	30x	as long as short
Polymarket Perps LIT-USD	+0.0029%	1h	4.6870	−0.028%	$438K	$109K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.468%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0057%	8h	4.6887	+0.008%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6927	+0.094%	$783K	$2.1M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0076%	4h	4.6832	−0.109%	$915K	$1.8M	10x	as long as short
Lighter LITshort	+0.0096%	1h	4.6963	+0.171%	$58.5M	$28.5M	5x
Lighter RH LIT	+0.0096%	1h	4.6976	+0.198%	$3.6M	$13.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6880	−0.006%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6962	+0.169%	$209.9M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6909	+0.055%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6884	+0.003%	$74.8M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6916	+0.070%	$122K	$453K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6887	+0.009%	$117K	$973	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6899	+0.034%	$5.5M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6910	+0.058%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6697	−0.397%	$284K	$303K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6879	−0.009%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6860	−0.049%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6842	−0.087%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6931	+0.102%	$198K	$388K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6880	−0.005%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6833	−0.107%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0160%	1h	4.6858	−0.053%	$8K	$206K	10x	as long as short
Aster LITUSDT	+0.0209%	4h	4.6953	+0.150%	$12.6M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.6867	−0.034%	$31K	$797K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6836	−0.100%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6869	−0.030%	$63K	—	50x	as long as short