Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%
Price spread now: Bulk against Lighter+0.723%7-day average −0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$57as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 4 days (all we have)−0.165%−$16 on $10k
+Price spread, last 4 days (all we have)−1.045%−$105 · spread now +0.723%, 7d avg −0.085%
=Together, before fees−1.210%+ Points / potential airdropLighter: Season 3 · farm board−$121 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: Bulk is 0.807% dearer against Lighter than usual: you sell high and buy low, +$81 on $10k if it goes back to its 7-day average of −0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7386 | 0.0096 | pay 0.0012% / 1h | 31m 34s | $59.1M | $23.7M | 5x |
| Short | Bulk LIT-USD | 4.7728 | 0.0100 | get 0.0013% / 1h | 31m 34s | $157K | $41K | 10x |
Lighter LIT
Bulk LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.723% → −0.085%
- $80.71
- Slippage, 4 orders
- −$16.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $58.17
- Costs to cover
- 0.234%
- Break-even
- from the start
Slippage from Lighter: live order book, 11 min ago; Bulk: live order book, 15 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, 11 min ago | 0.73 bp | 6.2 bp −$6 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 15 min ago | 0.94 bp | 4.4 bp −$4 | 10.3 bp −$103 | 37.0 bp −$3,702 | doesn't fit |
LIT on 41 exchanges
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 | −0.0634% | 1h | 4.7354 | −0.067% | $42K | $19K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0359% | 4h | 4.7291 | −0.200% | $32K | $313 | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0296% | 1h | 4.7269 | −0.246% | $599K | $296K | 50x | as long as short |
| 01 Exchange LITUSD | −0.0240% | 1h | 4.7326 | −0.127% | $31K | $3K | 5x | as long as short |
| Bullet LIT-USD | −0.0155% | 1h | 4.7373 | −0.027% | $85K | $44K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0070% | 4h | 4.7323 | −0.133% | $25.8M | $53.8M | 50x | as long as short |
| Gate LIT_USDT | −0.0024% | 4h | 4.7370 | −0.034% | $2.8M | $3.6M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0008% | 4h | 4.7359 | −0.057% | $878K | $1.9M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7399 | +0.027% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7385 | −0.001% | $35K | — | 150x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Coinbase International LIT-PERP-INTX
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
Gate LIT_USDT
GRVT LIT_USDT_Perp
dYdX LIT-USD
gTrade (Gains Network) LIT/USDShow all 41 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack LIT_USDC_PERP | +0.0024% | 1h | 4.7384 | −0.004% | $676K | $875K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.380% | $422 | $178K | 5.5x | as long as short |
| Phoenix LIT | +0.0083% | 1h | 4.7335 | −0.108% | $203K | $268K | 5x | as long as short |
| Pacifica LIT | +0.0092% | 1h | 4.7344 | −0.089% | $630K | $1.5M | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0096% | 8h | 4.7313 | −0.153% | $7K | $1K | 5x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7386 | long leg | $59.1M | $23.7M | 5x | |
| Lighter RH LIT | +0.0096% | 1h | 4.7383 | −0.006% | $3.6M | $12.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7305 | −0.171% | $2.1M | $1.5M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7403 | +0.036% | $213.8M | $35.3M | 5x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7318 | −0.144% | $76.4M | $66.4M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7330 | −0.118% | $41.0M | $25.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7351 | −0.074% | $133K | $366K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7322 | −0.135% | $6.2M | $3.6M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.7386 | 0.000% | $5.4M | $665K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7320 | −0.139% | $6.8M | $2.2M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7353 | −0.070% | $291K | $301K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7580 | +0.409% | $57K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7371 | −0.032% | $454K | $128K | 10x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7312 | −0.156% | $4K | $1.0M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7365 | −0.044% | $4K | $302K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7357 | −0.061% | $190K | $258K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.7360 | −0.055% | $1.4M | $2.7M | 20x | as long as short |
| Bulk LIT-USDshort | +0.0100% | 1h | 4.7728 | +0.723% | $157K | $41K | 10x | |
| Extended LIT-USD | +0.0104% | 1h | 4.7300 | −0.182% | $5.1M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7331 | −0.115% | $148K | — | 3x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7408 | +0.046% | $28K | $553K | 33x | as long as short |
| RISEx LIT/USDC | +0.0176% | 1h | 4.7404 | +0.039% | $788K | $2.4M | 5x | as long as short |
| Aster LITUSDT | +0.0255% | 4h | 4.7413 | +0.058% | $12.7M | $1.8M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0260% | 1h | 4.7754 | +0.776% | $8K | $191K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7321 | −0.137% | $1.6M | $2.3M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0423% / S −0.0217% | 1h | 4.7654 | +0.565% | $64K | — | 50x | as long as short |
Backpack LIT_USDC_PERP
Injective LIT/USDC PERP
Phoenix LIT
Pacifica LIT
Paradex LIT-USD-PERP
Lighter RH LIT
Nado LIT-PERP
Hyperliquid LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Perpl LIT
RISEx LIT/USDC
Aster LITUSDT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]