Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.083%

Price spread now: Lighter RH against Bybit+0.161%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.161%, 7d avg +0.135%

Together, before fees+0.337%+ Points / potential airdropLighter RH: Points live · farm board+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter RH is 0.026% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7341	0.0040	pay 0.0020% / 4h	0m 37s	$42.7M	$30.3M	75x
Short	Lighter RH LIT	4.7417	0.0176	get 0.0022% / 1h	0m 37s	$3.7M	$14.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.161%Rate

Funding earned: $28.58
Price spread: +0.161% → +0.135%: $2.56
Slippage, 4 orders: −$33.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.75
Costs to cover: 0.449%
Break-even: 10.4 days

Slippage from Bybit: live order book, 8 min ago; Lighter RH: live order book, 3 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, 8 min ago	1.06 bp	16.4 bp −$16	60.5 bp −$605	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.53 bp	4.0 bp −$4	10.7 bp −$107	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
Gate LIT_USDT	−0.0810%	4h	4.7370	+0.061%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0781%	1h	4.7306	−0.074%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7255	−0.182%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0538%	4h	4.7251	−0.190%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0384%	1h	4.7297	−0.093%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0324%	4h	4.7354	+0.027%	$25.7M	$64.2M	50x	as long as short
Phemex LITUSDT	−0.0314%	4h	4.7280	−0.129%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0164%	4h	4.7317	−0.051%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7313	−0.059%	$669K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	−0.065%	$906K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7276	−0.137%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7345	+0.010%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7383	+0.088%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7352	+0.023%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7376	+0.075%	$798K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7311	−0.064%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.477%	$422	$178K	5.5x	as long as short
Bybit LITUSDTlong	+0.0040%	4h	4.7341	long leg	$42.7M	$30.3M	75x
Backpack LIT_USDC_PERP	+0.0060%	1h	4.7336	−0.011%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7395	+0.114%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7325	−0.034%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7419	+0.164%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7355	+0.030%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7328	−0.027%	$75.5M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7349	+0.017%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.106%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7324	−0.036%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7360	+0.040%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7326	−0.031%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7330	−0.023%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7322	−0.040%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7344	+0.006%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7280	−0.129%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7305	−0.076%	$1K	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7317	−0.051%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7326	−0.032%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7315	−0.055%	$148K	$44K	3x	as long as short
Lighter RH LITshort	+0.0176%	1h	4.7417	+0.161%	$3.7M	$14.0M	5x
Hyperliquid LIT	+0.0186%	1h	4.7433	+0.194%	$212.7M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0204%	1h	4.7376	+0.073%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7259	−0.173%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0172%	1h	4.7342	+0.003%	$63K	—	50x	as long as short