Funding you earn now, next payment 22:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.097%
Price spread now: Bullet against Lighter−0.110%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bullet is 0.110% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7443 | 0.0096 | pay 0.0012% / 1h | 34m 10s | $59.4M | $30.0M | 5x |
| Short | Bullet LIT-USD | 4.7391 | −0.0387 | pay 0.0048% / 1h | 34m 10s | $85K | $81K | 20x |
Lighter LIT
Bullet LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$101.45
- Price spread: −0.110% → 0.000%
- −$10.99
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$120.44
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Bullet: no order-book sample. Net counts fees only.
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, 5 min ago | 0.10 bp | 6.7 bp −$7 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1209% | 1h | 4.7370 | −0.155% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0720% | 4h | 4.7400 | −0.091% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0594% | 4h | 4.7324 | −0.251% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0592% | 1h | 4.7362 | −0.171% | $33K | $4K | 5x | as long as short |
| Backpack LIT_USDC_PERP | −0.0474% | 1h | 4.7437 | −0.013% | $666K | $1.5M | 5x | as long as short |
| Phemex LITUSDT | −0.0451% | 4h | 4.7350 | −0.196% | $1.3M | $2.7M | 20x | as long as short |
| Bullet LIT-USDshort | −0.0387% | 1h | 4.7391 | −0.110% | $85K | $81K | 20x | |
| KuCoin LITUSDTM | −0.0310% | 4h | 4.7414 | −0.061% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0303% | 4h | 4.7440 | −0.006% | $25.0M | $61.4M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0302% | 4h | 4.7333 | −0.231% | $891K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Backpack LIT_USDC_PERP
Phemex LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0291% | 4h | 4.7440 | −0.006% | $42.9M | $30.5M | 75x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7487 | +0.092% | $657K | $402K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7492 | +0.103% | $246K | $321K | 5x | as long as short |
| Extended LIT-USD | −0.0048% | 1h | 4.7349 | −0.198% | $5.2M | $5.1M | 25x | as long as short |
| SoDEX LIT-USD | −0.0037% | 1h | 4.7355 | −0.185% | $984 | $486K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0034% | 8h | 4.7393 | −0.106% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7418 | −0.053% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7435 | −0.017% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7434 | −0.019% | $816K | $2.0M | 5x | as long as short |
| Bulk LIT-USD | +0.0018% | 1h | 4.7345 | −0.206% | $119K | $6K | 10x | as long as short |
| MEXC LIT_USDT | +0.0026% | 4h | 4.7405 | −0.080% | $5.9M | $4.2M | 100x | as long as short |
| Polymarket Perps LIT-USD | +0.0026% | 1h | 4.7403 | −0.084% | $448K | $105K | 10x | as long as short |
| Binance LITUSDT | +0.0026% | 4h | 4.7435 | −0.017% | $74.9M | $80.9M | 75x | as long as short |
| edgeX LITUSDC | +0.0031% | 4h | 4.7370 | −0.153% | $288K | $310K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.258% | $422 | $178K | 5.5x | as long as short |
| Nado LIT-PERP | +0.0042% | 1h | 4.7375 | −0.143% | $2.1M | $1.7M | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7343 | −0.212% | $148K | $44K | 3x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7443 | long leg | $59.4M | $30.0M | 5x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.7450 | +0.015% | $211.0M | $44.7M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7431 | −0.026% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7446 | +0.006% | $586K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7416 | −0.057% | $117K | $447K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7440 | −0.006% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7400 | −0.091% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7428 | −0.032% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7389 | −0.114% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7453 | +0.021% | $190K | $329K | 30x | as long as short |
| BloFin LIT-USDT | +0.0108% | 4h | 4.7344 | −0.209% | $1.5M | $2.0M | 75x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7419 | −0.050% | $31K | $841K | 33x | as long as short |
| Aftermath Perps LITUSD | +0.0182% | 1h | 4.7423 | −0.041% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0328% | 1h | 4.7459 | +0.034% | $3.7M | $14.2M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0358% / S −0.0155% | 1h | 4.7440 | −0.007% | $59K | — | 50x | as long as short |
Bybit LITUSDT
Coinbase International LIT-PERP-INTX
Phoenix LIT
Extended LIT-USD
SoDEX LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Bulk LIT-USD
MEXC LIT_USDT
Polymarket Perps LIT-USD
Binance LITUSDT
edgeX LITUSDC
Injective LIT/USDC PERP
Nado LIT-PERP
Aevo LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
BloFin LIT-USDT
Perpl LIT
Aftermath Perps LITUSD
Lighter RH LIT
GMX LIT/USD [ETH-USDC]