Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against edgeX+0.082%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.082%, 7d avg +0.101%

Together, before fees+0.039%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.7930	0.0100	pay 0.0050% / 4h	45m 32s	$293K	$304K	10x
Short	Lighter LIT	4.7969	0.0096	get 0.0012% / 1h	45m 32s	$59.6M	$26.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$0.84
Price spread: +0.082% → +0.101%: −$1.89
Slippage, 4 orders: −$22.05
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.78
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 min ago; Lighter: live order book, 8 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 edgeX live order book, 57 min ago	5.57 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.94 bp	2.9 bp −$3	12.4 bp −$124	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	−0.0566%	1h	4.7994	+0.134%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7871	−0.122%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0361%	4h	4.7961	+0.065%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.313%	$605K	$347K	50x	as long as short
Bullet LIT-USD	−0.0255%	1h	4.8040	+0.231%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0139%	4h	4.7928	−0.004%	$25.7M	$59.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0090%	4h	4.7930	+0.001%	$884K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7940	+0.022%	$34K	—	5x	as long as short
Bybit LITUSDT	+0.0003%	4h	4.7923	−0.014%	$41.7M	$28.0M	75x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7947	+0.036%	$12K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.230%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.8127	+0.412%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7915	−0.031%	$801K	$2.3M	5x	as long as short
Phemex LITUSDT	+0.0076%	4h	4.8000	+0.147%	$1.4M	$2.7M	20x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7876	−0.112%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7969	+0.082%	$59.6M	$26.4M	5x
Nado LIT-PERP	+0.0100%	1h	4.7905	−0.052%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7939	+0.020%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7879	−0.106%	$76.8M	$74.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7916	−0.029%	$125K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8008	+0.163%	$120K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7950	+0.042%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7860	−0.145%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7917	−0.027%	$5.5M	$960K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7900	−0.062%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7962	+0.067%	$766K	$942K	5x	as long as short
edgeX LITUSDClong	+0.0100%	4h	4.7930	long leg	$293K	$304K	10x
ApeX Omni LITUSDT	+0.0100%	1h	4.8010	+0.168%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8063	+0.278%	$451K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7975	+0.096%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7988	+0.122%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8005	+0.157%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7999	+0.145%	$200K	$298K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7882	−0.100%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7993	+0.132%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7992	+0.130%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0181%	4h	4.7970	+0.084%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0284%	1h	4.7974	+0.092%	$216.6M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7923	−0.014%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0354%	1h	4.7952	+0.046%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8073	+0.299%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8073	+0.300%	$32K	$654K	33x	as long as short