LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.044%

Price spread now: Lighter against Coinbase International−0.208%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs+$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+1.116%+$112 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now −0.208%, 7d avg 0.000%

Together, before fees+0.894%+ Points / potential airdropLighter: Season 3 · farm board+$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.208% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of 0.000%). If the spread goes back, that is −$21 on $10k: about 2.8 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+1.116% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7349	−0.0152	get 0.0019% / 1h	44m 43s	$653K	$399K	50x
Short	Lighter LIT	4.7250	0.0096	get 0.0012% / 1h	44m 43s	$59.2M	$29.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.208%Rate

Funding earned: $52.08
Price spread: −0.208% → 0.000%: −$20.85
Slippage, 4 orders: −$37.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.28
Costs to cover: 0.475%
Break-even: 9.2 days

Slippage from Coinbase International: live order book, 43 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 Coinbase International live order book, 43 min ago	7.23 bp	22.1 bp −$22	51.4 bp −$514	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.42 bp	2.9 bp −$3	18.9 bp −$189	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	−0.0817%	1h	4.7196	−0.322%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7131	−0.460%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0647%	1h	4.7203	−0.308%	$663K	$1.5M	5x	as long as short
Gate LIT_USDT	−0.0626%	4h	4.7150	−0.419%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0579%	4h	4.7132	−0.457%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0401%	4h	4.7150	−0.419%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0330%	4h	4.7198	−0.318%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0304%	4h	4.7168	−0.381%	$24.9M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0294%	4h	4.7109	−0.507%	$893K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0277%	1h	4.7188	−0.339%	$85K	$81K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0270%	4h	4.7170	−0.377%	$42.6M	$30.5M	75x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0152%	1h	4.7349	long leg	$653K	$399K	50x
Nado LIT-PERP	−0.0129%	1h	4.7195	−0.324%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	−0.0072%	1h	4.7121	−0.482%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0058%	1h	4.7190	−0.335%	$978	$484K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7209	−0.295%	$244K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7113	−0.498%	$5K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7220	−0.271%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7228	−0.254%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7208	−0.296%	$812K	$2.0M	5x	as long as short
Binance LITUSDT	+0.0033%	4h	4.7141	−0.438%	$74.5M	$80.9M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.460%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0036%	4h	4.7145	−0.430%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0041%	4h	4.7233	−0.244%	$287K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7156	−0.406%	$147K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0075%	1h	4.7209	−0.295%	$446K	$105K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.102%	$119K	$7K	10x	as long as short
Lighter LITshort	+0.0096%	1h	4.7250	−0.208%	$59.2M	$29.9M	5x
Hyperliquid LIT	+0.0100%	1h	4.7188	−0.339%	$209.7M	$44.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7214	−0.285%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7194	−0.327%	$592K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7145	−0.430%	$118K	$445K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7200	−0.314%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7120	−0.483%	$55K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7225	−0.261%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7221	−0.269%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7233	−0.244%	$188K	$327K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7202	−0.309%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0131%	4h	4.7166	−0.386%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7368	+0.042%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7278	−0.149%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0387% / S −0.0190%	1h	4.7237	−0.237%	$59K	—	50x	as long as short