Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.022%

Price spread now: Lighter RH against Binance+0.131%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.361%+$36 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.131%, 7d avg +0.156%

Together, before fees+0.305%+ Points / potential airdropLighter RH: Points live · farm board+$30 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: Lighter RH is 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.6653	0.0100	pay 0.0050% / 4h	48m 32s	$74.5M	$79.0M	75x
Short	Lighter RH LIT	4.6714	0.0096	get 0.0012% / 1h	48m 32s	$3.6M	$13.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$0.84
Price spread: +0.131% → +0.156%: −$2.55
Slippage, 4 orders: −$25.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$38.98
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Lighter RH: 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	0.11 bp	13.5 bp −$14	31.2 bp −$312	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.53 bp	4.0 bp −$4	11.3 bp −$113	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
01 Exchange LITUSD	−0.0520%	1h	4.6605	−0.103%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0391%	4h	4.6641	−0.026%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0277%	1h	4.6671	+0.038%	$84K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0253%	1h	4.6733	+0.171%	$662K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0221%	1h	4.6714	+0.130%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0216%	4h	4.6670	+0.036%	$2.7M	$4.2M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.417%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0134%	4h	4.6680	+0.058%	$1.3M	$2.8M	20x	as long as short
ApeX Omni LITUSDT	−0.0038%	1h	4.6740	+0.186%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.6719	+0.141%	$201K	$305K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0034%	4h	4.6670	+0.036%	$41.2M	$28.6M	75x	as long as short
KuCoin LITUSDTM	−0.0030%	4h	4.6743	+0.193%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	0.0000%	4h	4.6676	+0.049%	$25.1M	$61.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6722	+0.147%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6708	+0.117%	$11K	—	150x	as long as short
Polymarket Perps LIT-USD	+0.0027%	1h	4.6677	+0.051%	$436K	$109K	10x	as long as short
Nado LIT-PERP	+0.0028%	1h	4.6653	+0.001%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	+0.0032%	1h	4.6627	−0.056%	$5.1M	$5.0M	25x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.973%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0061%	8h	4.6634	−0.042%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6863	+0.450%	$908K	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6702	+0.106%	$779K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6699	+0.099%	$58.2M	$28.5M	5x	as long as short
Lighter RH LITshort	+0.0096%	1h	4.6714	+0.131%	$3.6M	$13.1M	5x
Hyperliquid LIT	+0.0100%	1h	4.6737	+0.180%	$208.9M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6678	+0.054%	$582K	$1.6M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.6653	long leg	$74.5M	$79.0M	75x
Arcus LIT-USD	+0.0100%	1h	4.6705	+0.111%	$121K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6887	+0.502%	$117K	$973	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6655	+0.004%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6720	+0.144%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6866	+0.457%	$286K	$303K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6732	+0.169%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6698	+0.096%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6705	+0.111%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6716	+0.135%	$197K	$388K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6682	+0.062%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0156%	1h	4.6797	+0.309%	$8K	$206K	10x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6725	+0.154%	$12.5M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.6720	+0.144%	$31K	$794K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6686	+0.071%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6726	+0.157%	$62K	—	50x	as long as short