Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.004%

Price spread now: Lighter against Binance+0.190%7-day average +0.107% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.190%, 7d avg +0.107%

Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.083% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7368	0.0043	pay 0.0021% / 4h	2h 48m	$74.8M	$80.7M	75x
Short	Lighter LIT	4.7458	0.0096	get 0.0012% / 1h	48m 57s	$59.6M	$29.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.190%Rate

Funding earned: $11.21
Price spread: +0.190% → +0.107%: $8.33
Slippage, 4 orders: −$19.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.75
Costs to cover: 0.293%
Break-even: 13.1 days

Slippage from Binance: live order book, 9 min ago; Lighter: 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 Binance live order book, 9 min ago	0.32 bp	10.8 bp −$11	43.3 bp −$433	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.84 bp	2.2 bp −$2	6.6 bp −$66	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	−0.0908%	1h	4.7370	+0.004%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7355	−0.027%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0626%	1h	4.7399	+0.065%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0573%	4h	4.7326	−0.089%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7380	+0.025%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7340	−0.059%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7418	+0.106%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0295%	4h	4.7392	+0.051%	$25.1M	$60.8M	50x	as long as short
Bullet LIT-USD	−0.0274%	1h	4.7373	+0.011%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	+0.070%	$898K	$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	−0.0218%	4h	4.7438	+0.148%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0193%	1h	4.7395	+0.057%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.289%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7360	−0.016%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.141%	$245K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0045%	1h	4.7365	−0.006%	$981	$476K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	+0.035%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.194%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7426	+0.123%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	+0.173%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.419%	$422	$178K	5.5x	as long as short
Binance LITUSDTlong	+0.0043%	4h	4.7368	long leg	$74.8M	$80.7M	75x
MEXC LIT_USDT	+0.0050%	4h	4.7349	−0.040%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.184%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7341	−0.057%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.061%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7444	+0.160%	$448K	$104K	10x	as long as short
Lighter LITshort	+0.0096%	1h	4.7458	+0.190%	$59.6M	$29.6M	5x
Hyperliquid LIT	+0.0100%	1h	4.7405	+0.078%	$210.6M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7420	+0.110%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7443	+0.158%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	+0.125%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	+0.068%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.173%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7407	+0.082%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7446	+0.165%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.158%	$189K	$330K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7455	+0.184%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0170%	4h	4.7362	−0.013%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7521	+0.323%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0288%	1h	4.7469	+0.213%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7416	+0.102%	$60K	—	50x	as long as short