Funding you earn now, next payment 07:00 UTC+0.0640%/8h= +70.1% APRnext payment +$0.80 per $10,000 · paid last 24h +0.103%
Price spread now: Lighter RH against Coinbase International+0.420%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs+$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+1.177%+$118 on $10k
+Price spread, last 4 days (all we have)−0.645%−$65 · spread now +0.420%, 7d avg +0.031%
=Together, before fees+0.531%+ Points / potential airdropLighter RH: Points live · farm board+$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter RH is 0.389% dearer against Coinbase International than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International LIT-PERP-INTX | 4.7968 | −0.0344 | get 0.0043% / 1h | 59m 46s | $608K | $349K | 50x |
| Short | Lighter RH LIT | 4.8169 | 0.0296 | get 0.0037% / 1h | 59m 46s | $3.7M | $12.9M | 5x |
Coinbase International LIT-PERP-INTX
Lighter RH LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $134.4
- Price spread: +0.420% → +0.031%
- $38.92
- Slippage, 4 orders
- −$35.89
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $127.43
- Costs to cover
- 0.459%
- Break-even
- 0.4 days
Slippage from Coinbase International: live order book, 38 min ago; Lighter RH: 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, 38 min ago | 5.80 bp | 20.9 bp −$21 | 64.0 bp −$640 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 3.13 bp | 4.7 bp −$5 | 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 | −0.0644% | 1h | 4.8063 | +0.200% | $42K | $39K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0364% | 4h | 4.8017 | +0.103% | $33K | $1K | 10x | as long as short |
| Coinbase International LIT-PERP-INTXlong | −0.0344% | 1h | 4.7968 | long leg | $608K | $349K | 50x | |
| 01 Exchange LITUSD | −0.0288% | 1h | 4.8038 | +0.147% | $31K | $3K | 5x | as long as short |
| Bullet LIT-USD | −0.0198% | 1h | 4.8062 | +0.197% | $86K | $66K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0154% | 4h | 4.8063 | +0.199% | $25.9M | $59.4M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0090% | 4h | 4.7960 | −0.016% | $886K | $2.0M | 10x | as long as short |
| ApeX Omni LITUSDT | −0.0013% | 1h | 4.7980 | +0.026% | $57K | $73K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.8100 | +0.277% | $35K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8102 | +0.281% | $36K | — | 150x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
ApeX Omni LITUSDT
dYdX LIT-USD
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | +0.0031% | 4h | 4.8080 | +0.235% | $41.7M | $27.3M | 75x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.151% | $422 | $178K | 5.5x | as long as short |
| Phoenix LIT | +0.0050% | 1h | 4.7992 | +0.051% | $206K | $293K | 5x | as long as short |
| RISEx LIT/USDC | +0.0064% | 1h | 4.8098 | +0.271% | $816K | $2.3M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0095% | 8h | 4.8080 | +0.234% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.8156 | +0.393% | $60.0M | $26.9M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.8060 | +0.193% | $2.1M | $1.6M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8150 | +0.380% | $217.6M | $38.6M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.8115 | +0.307% | $743K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.8057 | +0.188% | $77.0M | $73.6M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8102 | +0.280% | $127K | $446K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.8027 | +0.125% | $120K | $6K | 10x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.8110 | +0.297% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.8076 | +0.226% | $6.0M | $4.0M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.8089 | +0.253% | $5.5M | $935K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8100 | +0.276% | $6.9M | $2.4M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8113 | +0.303% | $686K | $992K | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7918 | −0.104% | $293K | $303K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8118 | +0.314% | $448K | $86K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7969 | +0.004% | $2K | $961 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.8013 | +0.095% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.8073 | +0.220% | $1K | $332K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7986 | +0.039% | $193K | $312K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.8070 | +0.214% | $1.4M | $2.7M | 20x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.8055 | +0.183% | $5.1M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8062 | +0.196% | $150K | — | 3x | as long as short |
| Aster LITUSDT | +0.0291% | 4h | 4.8158 | +0.397% | $12.9M | $2.0M | 50x | as long as short |
| Lighter RH LITshort | +0.0296% | 1h | 4.8169 | +0.420% | $3.7M | $12.9M | 5x | |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8096 | +0.268% | $1.6M | $2.3M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0427% / S −0.0217% | 1h | 4.8090 | +0.256% | $64K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.8108 | +0.293% | $32K | $642K | 33x | as long as short |
| Aftermath Perps LITUSD | +0.0476% | 1h | 4.8032 | +0.134% | $9K | $202K | 10x | as long as short |
Bybit LITUSDT
Injective LIT/USDC PERP
Phoenix LIT
RISEx LIT/USDC
Paradex LIT-USD-PERP
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT
Aftermath Perps LITUSD