Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.009%
Price spread now: Derive against Lighter−0.106%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.106% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7158 | 0.0096 | pay 0.0012% / 1h | 3m 57s | $58.8M | $28.9M | 5x |
| Short | Derive LIT-PERP | 4.7108 | 0.0100 | get 0.0013% / 1h | 3m 57s | $2K | — | 6.7x |
Lighter LIT
Derive LIT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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: −0.106% → 0.000%
- −$10.61
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$15.77
- Costs to cover
- 0.060%
- Break-even
- 138.4 days
Slippage unknown: Lighter: live order book, 5 min ago; Derive: 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 | 1.17 bp | 2.7 bp −$3 | 9.0 bp −$90 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.0622% | 1h | 4.7069 | −0.188% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0400% | 1h | 4.6991 | −0.354% | $33K | $3K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0393% | 4h | 4.7027 | −0.278% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0292% | 1h | 4.7055 | −0.218% | $84K | $68K | 20x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6904 | −0.539% | $613K | $352K | 50x | as long as short |
| Gate LIT_USDT | −0.0126% | 4h | 4.7110 | −0.102% | $2.7M | $4.3M | 50x | as long as short |
| Phemex LITUSDT | −0.0102% | 4h | 4.7060 | −0.208% | $1.3M | $2.8M | 20x | as long as short |
| Bybit LITUSDT | −0.0095% | 4h | 4.7090 | −0.144% | $41.3M | $28.8M | 75x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7171 | +0.028% | $203K | $305K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7132 | −0.056% | $34K | — | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Coinbase International LIT-PERP-INTX
Gate LIT_USDT
Phemex LITUSDT
Bybit LITUSDT
Phoenix LIT
dYdX LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7108 | −0.106% | $11K | — | 150x | as long as short |
| OKX LIT-USDT-SWAP | +0.0016% | 4h | 4.7095 | −0.134% | $25.3M | $61.3M | 50x | as long as short |
| KuCoin LITUSDTM | +0.0020% | 4h | 4.7083 | −0.159% | $5.2M | $1.0M | 30x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.870% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0073% | 8h | 4.7029 | −0.274% | $6K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.7074 | −0.177% | $785K | $2.1M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0074% | 1h | 4.7110 | −0.102% | $56K | $76K | 50x | as long as short |
| Backpack LIT_USDC_PERP | +0.0079% | 1h | 4.7111 | −0.100% | $663K | $1.4M | 5x | as long as short |
| Extended LIT-USD | +0.0088% | 1h | 4.7082 | −0.162% | $5.2M | $5.0M | 25x | as long as short |
| Aftermath Perps LITUSD | +0.0092% | 1h | 4.7058 | −0.213% | $10K | $204K | 10x | as long as short |
| Nado LIT-PERP | +0.0094% | 1h | 4.7055 | −0.218% | $2.2M | $1.7M | 10x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7158 | long leg | $58.8M | $28.9M | 5x | |
| Lighter RH LIT | +0.0096% | 1h | 4.7183 | +0.053% | $3.8M | $13.5M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7161 | +0.006% | $210.6M | $42.1M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7070 | −0.187% | $575K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7079 | −0.168% | $75.4M | $79.3M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7059 | −0.210% | $117K | $452K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7058 | −0.212% | $120K | $4K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7074 | −0.178% | $5.6M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7100 | −0.123% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7052 | −0.224% | $288K | $305K | 10x | as long as short |
| GRVT LIT_USDT_Perp | +0.0100% | 4h | 4.7074 | −0.179% | $906K | $1.7M | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7061 | −0.206% | $440K | $109K | 10x | as long as short |
| Derive LIT-PERPshort | +0.0100% | 1h | 4.7108 | −0.106% | $2K | — | 6.7x | |
| SunX LIT-USDT | +0.0100% | 4h | 4.7049 | −0.231% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7085 | −0.155% | $1K | $387K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7143 | −0.032% | $199K | $360K | 30x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7061 | −0.205% | $147K | — | 3x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7115 | −0.092% | $31K | $759K | 33x | as long as short |
| Aster LITUSDT | +0.0252% | 4h | 4.7177 | +0.041% | $12.6M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7078 | −0.170% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0436% / S −0.0231% | 1h | 4.7106 | −0.109% | $65K | — | 50x | as long as short |
gTrade (Gains Network) LIT/USD
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
RISEx LIT/USDC
ApeX Omni LITUSDT
Backpack LIT_USDC_PERP
Extended LIT-USD
Aftermath Perps LITUSD
Nado LIT-PERP
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
GRVT LIT_USDT_Perp
Polymarket Perps LIT-USD
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
Perpl LIT
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]