Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: Bitget against Lighter−0.004%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 7 days−0.054%−$5 · spread now −0.004%, 7d avg −0.069%

Together, before fees−0.228%+ Points / potential airdropLighter: Season 3 · farm board−$23 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: Bitget is 0.064% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.6842	0.0096	pay 0.0012% / 1h	55m 36s	$58.7M	$29.1M	5x
Short	Bitget LITUSDT	4.6840	0.0100	get 0.0050% / 4h	2h 55m	$6.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0.84
Price spread: −0.004% → −0.069%: $6.43
Slippage, 4 orders: −$45.1
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.83
Costs to cover: 0.571%
Break-even: 422.3 days

Slippage from Lighter: live order book, 8 min ago; Bitget: live order book, 3 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, 8 min ago	0.10 bp	5.7 bp −$6	14.9 bp −$149	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.20 bp	24.0 bp −$24	83.7 bp −$837	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
01 Exchange LITUSD	−0.0616%	1h	4.6753	−0.190%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0529%	1h	4.6839	−0.006%	$679K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0478%	4h	4.6746	−0.205%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0457%	1h	4.6806	−0.077%	$84K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0348%	1h	4.6822	−0.042%	$41K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0182%	4h	4.6840	−0.004%	$25.4M	$63.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0166%	4h	4.6831	−0.023%	$898K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.6864	+0.047%	$5.2M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0135%	1h	4.6860	+0.038%	$56K	$77K	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.6919	+0.165%	$664K	$385K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0050%	4h	4.6830	−0.026%	$2.8M	$4.2M	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7049	+0.442%	$203K	$352K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6821	−0.046%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6840	−0.004%	$469	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.558%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0041%	8h	4.6801	−0.086%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6862	+0.042%	$781K	$2.0M	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.6842	long leg	$58.7M	$29.1M	5x
Bulk LIT-USD	+0.0096%	1h	4.6903	+0.131%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6790	−0.111%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6868	+0.056%	$210.1M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6849	+0.014%	$12.5M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6833	−0.019%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6799	−0.092%	$74.8M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6810	−0.068%	$42.1M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6837	−0.011%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6796	−0.098%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.6840	−0.004%	$6.7M	$2.7M	20x
edgeX LITUSDC	+0.0100%	4h	4.6902	+0.127%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6827	−0.032%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6833	−0.020%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6871	+0.062%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6835	−0.015%	$1K	$458K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6900	+0.124%	$187K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6830	−0.026%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6804	−0.081%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6810	−0.069%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0288%	1h	4.6884	+0.090%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0310%	1h	4.7172	+0.704%	$10K	$208K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6809	−0.070%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0193%	1h	4.6828	−0.029%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6840	−0.004%	$31K	$856K	33x	as long as short