Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against Bitget+0.225%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.225%, 7d avg +0.069%

Together, before fees+0.007%+ Points / potential airdropLighter: Season 3 · farm board+$1 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 is 0.156% dearer against Bitget than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7560	0.0100	pay 0.0050% / 4h	3h 19m	$6.8M	$2.7M	20x
Short	Lighter LIT	4.7667	0.0096	get 0.0012% / 1h	19m 38s	$59.6M	$29.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$0.84
Price spread: +0.225% → +0.069%: $15.64
Slippage, 4 orders: −$44.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.81
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 4 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 Bitget live order book, 4 min ago	2.10 bp	20.9 bp −$21	100.4 bp −$1,004	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.10 bp	6.0 bp −$6	18.8 bp −$188	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	−0.0762%	1h	4.7577	+0.036%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0497%	4h	4.7523	−0.078%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7570	+0.021%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7573	+0.028%	$85K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0216%	1h	4.7530	−0.063%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0202%	4h	4.7605	+0.095%	$25.9M	$63.7M	50x	as long as short
KuCoin LITUSDTM	−0.0130%	4h	4.7584	+0.050%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7644	+0.177%	$674K	$391K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7540	−0.042%	$909K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7514	−0.097%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7674	+0.239%	$32K	$855K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7650	+0.190%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7620	+0.126%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.009%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0040%	1h	4.7604	+0.094%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0045%	8h	4.7580	+0.043%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.7547	−0.027%	$119K	$1K	10x	as long as short
Lighter LITshort	+0.0096%	1h	4.7667	+0.225%	$59.6M	$29.9M	5x
Polymarket Perps LIT-USD	+0.0098%	1h	4.7632	+0.151%	$450K	$104K	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7683	+0.259%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7562	+0.005%	$589K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7608	+0.101%	$76.0M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7591	+0.065%	$42.8M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7566	+0.013%	$118K	$450K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7560	0.000%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7546	−0.029%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7560	long leg	$6.8M	$2.7M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7609	+0.103%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7504	−0.118%	$289K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7617	+0.119%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7625	+0.137%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7579	+0.040%	$986	$454K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7599	+0.082%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7580	+0.042%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7469	−0.190%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7573	+0.028%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7637	+0.162%	$794K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7692	+0.278%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0334%	1h	4.7696	+0.286%	$214.1M	$43.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7505	−0.116%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0387%	1h	4.7608	+0.102%	$9K	$202K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0398% / S −0.0187%	1h	4.7615	+0.117%	$64K	—	50x	as long as short