Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0309%/8h= +33.8% APRpaid last 24h +0.070%

Price spread now: Lighter against Bybit+0.165%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.165%, 7d avg +0.093%

Together, before fees+0.101%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.072% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7160	−0.0213	get 0.0106% / 4h	3h 12m	$41.1M	$28.8M	75x
Short	Lighter LIT	4.7238	0.0096	get 0.0012% / 1h	12m 17s	$58.9M	$28.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.165%Rate

Funding earned: $64.79
Price spread: +0.165% → +0.093%: $7.21
Slippage, 4 orders: −$36.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: $24.72
Costs to cover: 0.473%
Break-even: 4.3 days

Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 7 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 Bybit live order book, 2 min ago	1.06 bp	19.3 bp −$19	59.1 bp −$591	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.85 bp	3.8 bp −$4	13.9 bp −$139	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	−0.0619%	1h	4.7157	−0.007%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7098	−0.131%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0352%	4h	4.7150	−0.021%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0320%	1h	4.7051	−0.231%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0312%	1h	4.7122	−0.081%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.601%	$607K	$357K	50x	as long as short
Bybit LITUSDTlong	−0.0213%	4h	4.7160	long leg	$41.1M	$28.8M	75x
OKX LIT-USDT-SWAP	−0.0079%	4h	4.7168	+0.017%	$25.4M	$60.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	+0.021%	$56K	$75K	50x	as long as short
KuCoin LITUSDTM	−0.0024%	4h	4.7178	+0.038%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7260	+0.212%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7142	−0.037%	$793K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7191	+0.065%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7166	+0.012%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7197	+0.079%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.866%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7076	−0.179%	$6K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7238	+0.165%	$58.9M	$28.4M	5x
Nado LIT-PERP	+0.0100%	1h	4.7130	−0.063%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7196	+0.076%	$210.7M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7166	+0.013%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7131	−0.061%	$75.6M	$78.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7125	−0.074%	$115K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	+0.034%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7170	+0.021%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7128	−0.068%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	0.000%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7189	+0.061%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	+0.193%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7270	+0.234%	$910K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7118	−0.089%	$443K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7203	+0.091%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7101	−0.125%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7166	+0.013%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	+0.134%	$200K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7153	−0.016%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7140	−0.043%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7244	+0.178%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0244%	4h	4.7246	+0.182%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	−0.008%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0400%	1h	4.7192	+0.067%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7181	+0.045%	$65K	—	50x	as long as short