Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.030%

Price spread now: Lighter against GRVT−0.045%78s7-day average +0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs+$25as 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−$330.334% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.584%+$58 on $10k

Price spread, last 7 days−0.042%−$4 · spread now −0.045%, 7d avg +0.162%

Together, before fees+0.542%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.207% cheaper against GRVT than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.162%). If the spread goes back, that is −$21 on $10k: about 3.5 days of funding at the current rate (+$6 a day). The two prices were read 78 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	GRVT LIT_USDT_Perp	4.7808	−0.0102	get 0.0051% / 4h	23m 52s	$886K	$2.0M	10x
Short	Lighter LIT	4.7786	0.0096	get 0.0012% / 1h	23m 52s	$59.5M	$26.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now −0.045%Rate

Funding earned: $41.58
Price spread: −0.045% → +0.162%: −$20.69
Slippage, 4 orders: −$24.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.56
Costs to cover: 0.334%
Break-even: 9.1 days

Slippage from GRVT: live order book, 5 min ago; Lighter: live order book, 10 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 GRVT live order book, 5 min ago	1.05 bp	12.9 bp −$13	9744.5 bp −$97.4K	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	0.73 bp	4.3 bp −$4	15.4 bp −$154	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
Orderly PERP_LIT_USDC	−0.0382%	4h	4.7692	−0.242%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.058%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7671	−0.286%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0221%	1h	4.7726	−0.170%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0221%	1h	4.7689	−0.247%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0165%	4h	4.7699	−0.227%	$25.6M	$59.2M	50x	as long as short
GRVT LIT_USDT_Perplong	−0.0102%	4h	4.7808	long leg	$886K	$2.0M	10x
ApeX Omni LITUSDT	−0.0057%	1h	4.7820	+0.026%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7700	−0.224%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7736	−0.149%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0025%	4h	4.7710	−0.204%	$41.4M	$28.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.486%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7831	+0.049%	$205K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7711	−0.201%	$794K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7643	−0.344%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7786	−0.045%	$59.5M	$26.7M	5x
Nado LIT-PERP	+0.0100%	1h	4.7695	−0.235%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7688	−0.250%	$815K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7683	−0.261%	$76.4M	$74.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7694	−0.237%	$124K	$443K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7812	+0.009%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7740	−0.141%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7681	−0.265%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7690	−0.246%	$5.4M	$942K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7700	−0.225%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7753	−0.114%	$681K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7812	+0.010%	$292K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7700	−0.225%	$444K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7746	−0.129%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7655	−0.319%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7723	−0.177%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7694	−0.237%	$192K	$311K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7720	−0.183%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7665	−0.298%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7694	−0.238%	$149K	—	3x	as long as short
Aster LITUSDT	+0.0225%	4h	4.7758	−0.104%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0233%	1h	4.7807	−0.001%	$215.9M	$38.7M	5x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7808	+0.001%	$3.7M	$12.8M	5x	as long as short
Aftermath Perps LITUSD	+0.0331%	1h	4.7749	−0.122%	$9K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7614	−0.405%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7741	−0.140%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7694	−0.237%	$32K	$649K	33x	as long as short