Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.068%

Price spread now: Lighter RH against GRVT−0.561%7-day average +0.213% · you buy dearer than you sell

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.733%+$73 on $10k

Price spread, last 7 days+0.943%+$94 · spread now −0.561%, 7d avg +0.213%

Together, before fees+1.676%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$168 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.773% cheaper against GRVT than usual: you would sell low and buy high (spread −0.561% now, against its 7-day average of +0.213%). If the spread goes back, that is −$77 on $10k: about 6 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.733% in total) that is about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7444	0.0082	pay 0.0041% / 4h	1h 15m	$927K	$1.7M	10x
Short	Lighter RH LIT	4.7178	0.0096	get 0.0012% / 1h	15m 06s	$3.7M	$13.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.561%Rate

Funding earned: $2.94
Price spread: −0.561% → +0.213%: −$77.34
Slippage, 4 orders: −$43.7
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$127.1
Costs to cover: 0.527%
Break-even: 309.6 days

Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago	3.17 bp	17.3 bp −$17	37.3 bp −$373	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.21 bp	1.9 bp −$2	8.1 bp −$81	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	−0.0383%	4h	4.7014	−0.906%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0334%	1h	4.7070	−0.787%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.6994	−0.949%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0238%	1h	4.7053	−0.824%	$85K	$68K	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.7480	+0.076%	$204K	$341K	5x	as long as short
Gate LIT_USDT	−0.0078%	4h	4.7140	−0.641%	$2.8M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−1.358%	$611K	$411K	50x	as long as short
Phemex LITUSDT	−0.0017%	4h	4.7080	−0.767%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7078	−0.771%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7061	−0.808%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	+0.0024%	4h	4.7105	−0.715%	$25.3M	$62.1M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.256%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0042%	4h	4.7097	−0.731%	$5.3M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.7008	−0.920%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perplong	+0.0082%	4h	4.7444	long leg	$927K	$1.7M	10x
Lighter LIT	+0.0096%	1h	4.7154	−0.611%	$58.8M	$28.9M	5x	as long as short
Lighter RH LITshort	+0.0096%	1h	4.7178	−0.561%	$3.7M	$13.3M	5x
ApeX Omni LITUSDT	+0.0099%	1h	4.7460	+0.034%	$57K	$76K	50x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7050	−0.830%	$791K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7004	−0.927%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7171	−0.575%	$210.8M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7045	−0.842%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7086	−0.755%	$75.0M	$79.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7110	−0.704%	$41.8M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7061	−0.807%	$123K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−1.223%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7084	−0.759%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	−0.725%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7112	−0.700%	$670K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7387	−0.121%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7052	−0.826%	$439K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7092	−0.742%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7058	−0.814%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7095	−0.736%	$2K	$400K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7445	+0.002%	$196K	$380K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7073	−0.783%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7067	−0.795%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0169%	1h	4.7166	−0.587%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0225%	4h	4.7135	−0.652%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7038	−0.856%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0212%	1h	4.7088	−0.750%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7057	−0.817%	$31K	$816K	33x	as long as short