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 +0.082%

Price spread now: Lighter against Gate+0.119%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$690.695% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 7 days−0.191%−$19 · spread now +0.119%, 7d avg +0.063%

Together, before fees+0.093%+ Points / potential airdropLighter: Season 3 · farm board+$9 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 is 0.055% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.8040	0.0100	pay 0.0050% / 4h	14m 42s	$2.8M	$4.2M	50x
Short	Lighter LIT	4.8097	0.0096	get 0.0012% / 1h	14m 42s	$59.9M	$26.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$0.84
Price spread: +0.119% → +0.063%: $5.54
Slippage, 4 orders: −$54.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$64.8
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 9 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 Gate live order book, 3 min ago	2.09 bp	31.0 bp −$31	77.5 bp −$775	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.63 bp	3.6 bp −$4	14.8 bp −$148	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	−0.0390%	1h	4.7943	−0.202%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7870	−0.354%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.542%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7899	−0.294%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0217%	1h	4.7917	−0.256%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0160%	4h	4.8040	0.000%	$25.8M	$59.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.458%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.416%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8083	+0.090%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7949	−0.189%	$36K	—	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	0.000%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0038%	4h	4.8053	+0.027%	$41.7M	$27.7M	75x	as long as short
Phoenix LIT	+0.0050%	1h	4.7943	−0.202%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.8050	+0.021%	$800K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8101	+0.126%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.8097	+0.119%	$59.9M	$26.8M	5x
Nado LIT-PERP	+0.0100%	1h	4.7885	−0.323%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8087	+0.098%	$822K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8040	0.000%	$77.0M	$73.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8038	−0.004%	$127K	$446K	5x	as long as short
Gate LIT_USDTlong	+0.0100%	4h	4.8040	long leg	$2.8M	$4.2M	50x
MEXC LIT_USDT	+0.0100%	4h	4.8035	−0.010%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8056	+0.033%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8080	+0.083%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7989	−0.106%	$684K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.383%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7902	−0.287%	$446K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7879	−0.336%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7898	−0.296%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7950	−0.187%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.248%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7920	−0.250%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.547%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8019	−0.043%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7928	−0.234%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.8119	+0.164%	$217.4M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0240%	1h	4.8117	+0.160%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0259%	4h	4.8137	+0.201%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7936	−0.216%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0375%	1h	4.7868	−0.357%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	−0.175%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7955	−0.177%	$32K	$646K	33x	as long as short