Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Lighter−0.007%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.162%−$16 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.007%, 7d avg −0.020%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7516	0.0096	pay 0.0012% / 1h	34m 45s	$59.7M	$29.9M	5x
Short	Aster LITUSDT	4.7513	0.0100	get 0.0050% / 4h	34m 45s	$12.7M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0.84
Price spread: −0.007% → −0.020%: $1.33
Slippage, 4 orders: −$15.24
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.06
Costs to cover: 0.232%
Break-even: 182.5 days

Slippage from Lighter: live order book, 4 min ago; Aster: 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 Lighter live order book, 4 min ago	0.10 bp	3.1 bp −$3	13.5 bp −$135	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.00 bp	8.3 bp −$8	18.8 bp −$188	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	−0.0902%	4h	4.7500	−0.034%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0771%	1h	4.7446	−0.147%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0595%	4h	4.7391	−0.263%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7462	−0.114%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0430%	4h	4.7463	−0.112%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0387%	4h	4.7450	−0.139%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0331%	1h	4.7453	−0.133%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0216%	4h	4.7497	−0.040%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.194%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0114%	4h	4.7550	+0.072%	$904K	$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	−0.0078%	4h	4.7460	−0.118%	$42.8M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7501	−0.032%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7492	−0.050%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7492	−0.050%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7494	−0.047%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7522	+0.014%	$818K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0017%	8h	4.7436	−0.168%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.103%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0079%	4h	4.7460	−0.118%	$289K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0082%	4h	4.7443	−0.154%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0083%	4h	4.7435	−0.170%	$75.6M	$81.4M	75x	as long as short
Aftermath Perps LITUSD	+0.0088%	1h	4.7607	+0.191%	$13K	$203K	10x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7424	−0.193%	$148K	$44K	3x	as long as short
Lighter LITlong	+0.0096%	1h	4.7516	long leg	$59.7M	$29.9M	5x
Nado LIT-PERP	+0.0100%	1h	4.7490	−0.055%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDTshort	+0.0100%	4h	4.7513	−0.007%	$12.7M	$2.4M	50x
Pacifica LIT	+0.0100%	1h	4.7473	−0.090%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7464	−0.109%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.251%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7480	−0.076%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7507	−0.019%	$674K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7530	+0.029%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7485	−0.065%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7481	−0.074%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7477	−0.082%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7453	−0.133%	$997	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7569	+0.112%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7447	−0.145%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7543	+0.057%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0218%	1h	4.7538	+0.046%	$213.1M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0322%	4h	4.7429	−0.183%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7481	−0.073%	$62K	—	50x	as long as short