Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.019%

Price spread now: Lighter RH against HTX+0.044%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

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

costs, in and out, $10k−$670.670% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.044%, 7d avg +0.011%

Together, before fees+0.265%+ Points / potential airdropLighter RH: Points live · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.033% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7686	0.0100	pay 0.0050% / 4h	3h 39m	$190K	$346K	30x
Short	Lighter RH LIT	4.7707	0.0152	get 0.0019% / 1h	39m 27s	$3.7M	$13.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.044%Rate

Funding earned: $10.92
Price spread: +0.044% → +0.011%: $3.26
Slippage, 4 orders: −$55
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$52.82
Costs to cover: 0.670%
Break-even: 40.9 days

Slippage from HTX: live order book, 33 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 HTX live order book, 33 min ago	18.14 bp	34.0 bp −$34	235.2 bp −$2,352	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.32 bp	0.3 bp $0	8.0 bp −$80	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	−0.0878%	1h	4.7632	−0.113%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0511%	4h	4.7595	−0.191%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7605	−0.170%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0322%	1h	4.7749	+0.133%	$85K	$77K	20x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.7620	−0.138%	$2.8M	$4.4M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0240%	4h	4.7714	+0.059%	$25.9M	$64.4M	50x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7723	+0.078%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7653	−0.070%	$674K	$404K	50x	as long as short
Phemex LITUSDT	−0.0056%	4h	4.7620	−0.138%	$1.4M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	−0.0041%	1h	4.7650	−0.075%	$56K	$77K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.7652	−0.071%	$207K	$361K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7690	+0.009%	$32K	$858K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7812	+0.264%	$35K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7653	−0.070%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0016%	1h	4.7725	+0.081%	$2.2M	$1.7M	10x	as long as short
Backpack LIT_USDC_PERP	+0.0022%	1h	4.7680	−0.013%	$687K	$1.4M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0030%	4h	4.7520	−0.348%	$913K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.742%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0044%	8h	4.7579	−0.224%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7688	+0.004%	$59.6M	$29.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7700	+0.029%	$12.8M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7646	−0.084%	$591K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7619	−0.141%	$76.0M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7730	+0.092%	$43.0M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7641	−0.094%	$118K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−1.143%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7781	+0.199%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	+0.260%	$6.8M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7597	−0.186%	$290K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7802	+0.243%	$452K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7686	0.000%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7581	−0.220%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7648	−0.080%	$997	$463K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7686	long leg	$190K	$346K	30x
Extended LIT-USD	+0.0104%	1h	4.7579	−0.225%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7650	−0.075%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7672	−0.030%	$813K	$2.0M	5x	as long as short
Lighter RH LITshort	+0.0152%	1h	4.7707	+0.044%	$3.7M	$13.7M	5x
Hyperliquid LIT	+0.0251%	1h	4.7845	+0.333%	$214.6M	$44.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7622	−0.134%	$1.6M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0345%	1h	4.7550	−0.285%	$10K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0394% / S −0.0183%	1h	4.7794	+0.227%	$64K	—	50x	as long as short