Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against HTX−0.086%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.086%, 7d avg −0.028%

Together, before fees+0.218%+ Points / potential airdropLighter: Season 3 · farm board+$22 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 0.059% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7443	0.0100	pay 0.0050% / 4h	30m 52s	$190K	$329K	30x
Short	Lighter LIT	4.7402	0.0096	get 0.0012% / 1h	30m 52s	$59.6M	$29.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$0.84
Price spread: −0.086% → −0.028%: −$5.88
Slippage, 4 orders: −$56.17
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$74.89
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from HTX: live order book, 46 min ago; Lighter: live order book, 8 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 HTX live order book, 46 min ago	18.91 bp	33.2 bp −$33	256.8 bp −$2,568	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.10 bp	3.6 bp −$4	17.2 bp −$172	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
Gate LIT_USDT	−0.0888%	4h	4.7380	−0.133%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0836%	1h	4.7384	−0.124%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0591%	4h	4.7342	−0.213%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7381	−0.131%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0419%	4h	4.7320	−0.259%	$25.7M	$63.7M	50x	as long as short
Phemex LITUSDT	−0.0375%	4h	4.7350	−0.196%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0339%	1h	4.7397	−0.097%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0214%	4h	4.7413	−0.063%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.348%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0112%	4h	4.7390	−0.112%	$901K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0057%	4h	4.7324	−0.251%	$42.6M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7461	+0.038%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7372	−0.150%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7428	−0.031%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7422	−0.043%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7479	+0.076%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0020%	8h	4.7409	−0.071%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.258%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0082%	4h	4.7334	−0.230%	$5.5M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0083%	4h	4.7384	−0.125%	$288K	$311K	10x	as long as short
Binance LITUSDT	+0.0086%	4h	4.7311	−0.278%	$75.4M	$81.5M	75x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7368	−0.158%	$148K	$44K	3x	as long as short
Lighter LITshort	+0.0096%	1h	4.7402	−0.086%	$59.6M	$29.9M	5x
Nado LIT-PERP	+0.0100%	1h	4.7435	−0.017%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7394	−0.103%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7466	+0.048%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7452	+0.019%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.405%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7320	−0.259%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7407	−0.076%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7370	−0.154%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7412	−0.065%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7418	−0.052%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7429	−0.030%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7398	−0.095%	$987	$466K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7443	long leg	$190K	$329K	30x
Extended LIT-USD	+0.0104%	1h	4.7345	−0.207%	$5.2M	$5.1M	25x	as long as short
Aftermath Perps LITUSD	+0.0141%	1h	4.7528	+0.180%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7398	−0.095%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0206%	1h	4.7402	−0.086%	$212.6M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0326%	4h	4.7352	−0.192%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7427	−0.033%	$62K	—	50x	as long as short