Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.086%

Price spread now: Lighter RH against Gate+0.277%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 7 days−0.229%−$23 · spread now +0.277%, 7d avg +0.104%

Together, before fees+0.184%+ Points / potential airdropLighter RH: Points live · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.173% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7640	0.0100	pay 0.0050% / 4h	3h 16m	$2.8M	$4.5M	50x
Short	Lighter RH LIT	4.7772	0.0184	get 0.0023% / 1h	16m 46s	$3.7M	$13.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.277%Rate

Funding earned: $17.64
Price spread: +0.277% → +0.104%: $17.26
Slippage, 4 orders: −$41.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.33
Costs to cover: 0.562%
Break-even: 15.5 days

Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 2 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, 1 min ago	1.05 bp	24.8 bp −$25	65.3 bp −$653	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.31 bp	8.5 bp −$8	17.4 bp −$174	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	−0.0718%	1h	4.7682	+0.088%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0489%	4h	4.7608	−0.067%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7574	−0.139%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7638	−0.005%	$85K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0216%	1h	4.7530	−0.231%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0202%	4h	4.7680	+0.084%	$25.9M	$63.8M	50x	as long as short
KuCoin LITUSDTM	−0.0130%	4h	4.7625	−0.031%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7644	+0.009%	$674K	$391K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7540	−0.210%	$909K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7641	+0.002%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7666	+0.054%	$32K	$853K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7732	+0.194%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7719	+0.166%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.840%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0043%	1h	4.7641	+0.003%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0045%	8h	4.7586	−0.113%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0091%	1h	4.7656	+0.034%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7749	+0.229%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7697	+0.120%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7707	+0.140%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7662	+0.046%	$76.1M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7660	+0.042%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7641	+0.002%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.344%	$119K	$1K	10x	as long as short
Gate LIT_USDTlong	+0.0100%	4h	4.7640	long leg	$2.8M	$4.5M	50x
MEXC LIT_USDT	+0.0100%	4h	4.7635	−0.010%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	+0.168%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7692	+0.109%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7504	−0.286%	$289K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7715	+0.157%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7621	−0.040%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7675	+0.073%	$988	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7673	+0.069%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7620	−0.042%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7619	−0.045%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7657	+0.036%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7668	+0.058%	$794K	$2.0M	5x	as long as short
Lighter RH LITshort	+0.0184%	1h	4.7772	+0.277%	$3.7M	$13.7M	5x
BloFin LIT-USDT	+0.0340%	4h	4.7632	−0.017%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0343%	1h	4.7785	+0.304%	$214.5M	$43.9M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0188%	1h	4.7694	+0.114%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0403%	1h	4.7603	−0.077%	$9K	$203K	10x	as long as short