Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Lighter RH against edgeX+0.242%50s7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.355% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.242%, 7d avg +0.128%

Together, before fees+0.054%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.114% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.128%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.7361	0.0100	pay 0.0050% / 4h	2h 24m	$288K	$304K	10x
Short	Lighter RH LIT	4.7475	0.0096	get 0.0012% / 1h	24m 30s	$3.7M	$13.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.242%Rate

Funding earned: −$0.84
Price spread: +0.242% → +0.128%: $11.41
Slippage, 4 orders: −$26.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$24.94
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from edgeX: live order book, 43 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 edgeX live order book, 43 min ago	5.24 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	4.33 bp	6.6 bp −$7	13.6 bp −$136	doesn't fit	doesn't fit

LIT on 41 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	−0.0720%	1h	4.7365	+0.009%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7315	−0.096%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7295	−0.138%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0462%	1h	4.7373	+0.026%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.360%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0172%	4h	4.7370	+0.020%	$900K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7369	+0.018%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0137%	4h	4.7335	−0.054%	$25.7M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0114%	4h	4.7340	−0.043%	$1.4M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0108%	4h	4.7380	+0.041%	$2.8M	$4.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0102%	1h	4.7401	+0.085%	$205K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.101%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.130%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7412	+0.108%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7418	+0.122%	$475	—	150x	as long as short
Bybit LITUSDT	+0.0010%	4h	4.7322	−0.081%	$42.4M	$29.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7343	−0.037%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.435%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0049%	1h	4.7373	+0.026%	$1K	$450K	5x	as long as short
Backpack LIT_USDC_PERP	+0.0064%	1h	4.7407	+0.098%	$684K	$1.4M	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7392	+0.066%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7454	+0.197%	$59.4M	$29.5M	5x	as long as short
Lighter RH LITshort	+0.0096%	1h	4.7475	+0.242%	$3.7M	$13.3M	5x
Nado LIT-PERP	+0.0100%	1h	4.7306	−0.114%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7462	+0.214%	$212.4M	$42.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7411	+0.107%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7325	−0.076%	$75.5M	$80.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7376	+0.033%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7360	−0.001%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	+0.083%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDClong	+0.0100%	4h	4.7361	long leg	$288K	$304K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7366	+0.011%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7402	+0.088%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7385	+0.052%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7445	+0.178%	$190K	$354K	30x	as long as short
Aster LITUSDT	+0.0101%	4h	4.7441	+0.170%	$12.7M	$2.1M	50x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7348	−0.027%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7350	−0.023%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.7260	−0.213%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7418	+0.122%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7400	+0.083%	$31K	$860K	33x	as long as short