Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: edgeX against Lighter−0.060%49s7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.323% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.060%, 7d avg −0.096%

Together, before fees−0.176%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$18 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: edgeX is 0.036% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.096%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7207	0.0096	pay 0.0012% / 1h	10m 24s	$58.9M	$28.4M	5x
Short	edgeX LITUSDC	4.7179	0.0100	get 0.0050% / 4h	3h 10m	$289K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0.84
Price spread: −0.060% → −0.096%: $3.6
Slippage, 4 orders: −$23.33
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.88
Costs to cover: 0.323%
Break-even: 239.4 days

Slippage from Lighter: live order book, 4 min ago; edgeX: live order book, 43 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	0.95 bp	2.4 bp −$2	12.0 bp −$120	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	6.23 bp	12.9 bp −$13	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0633%	1h	4.7162	−0.096%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7112	−0.201%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0346%	4h	4.7140	−0.142%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0336%	1h	4.7094	−0.239%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0323%	1h	4.7138	−0.146%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.700%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0185%	4h	4.7161	−0.097%	$41.1M	$28.8M	75x	as long as short
ApeX Omni LITUSDT	−0.0088%	1h	4.7130	−0.163%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0088%	4h	4.7167	−0.085%	$25.4M	$60.7M	50x	as long as short
KuCoin LITUSDTM	−0.0028%	4h	4.7178	−0.061%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7260	+0.112%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7202	−0.012%	$787K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7192	−0.033%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7211	+0.009%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7189	−0.038%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.765%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0066%	4h	4.7167	−0.085%	$908K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7086	−0.256%	$6K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7207	long leg	$58.9M	$28.4M	5x
Nado LIT-PERP	+0.0100%	1h	4.7136	−0.149%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7231	+0.051%	$210.9M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7153	−0.114%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7147	−0.127%	$75.7M	$78.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7170	−0.078%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	−0.066%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7140	−0.142%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7128	−0.167%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7180	−0.057%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7183	−0.051%	$661K	$1.3M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.7179	−0.060%	$289K	$303K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7154	−0.112%	$443K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7205	−0.005%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7149	−0.123%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7175	−0.068%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	+0.034%	$200K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7148	−0.125%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7142	−0.138%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7218	+0.023%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7226	+0.040%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7149	−0.123%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0421%	1h	4.7219	+0.026%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7208	+0.002%	$65K	—	50x	as long as short