Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.071%

Price spread now: Gate against Lighter−0.214%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.283%−$28 on $10k

Price spread, last 7 days+0.202%+$20 · spread now −0.214%, 7d avg −0.061%

Together, before fees−0.082%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.154% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7101	0.0096	pay 0.0012% / 1h	8m 40s	$59.0M	$29.6M	5x
Short	Gate LIT_USDT	4.7000	−0.0026	pay 0.0013% / 4h	2h 08m	$2.8M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.214%Rate

Funding earned: −$25.62
Price spread: −0.214% → −0.061%: −$15.37
Slippage, 4 orders: −$49.35
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$105.34
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	1.06 bp	5.9 bp −$6	20.0 bp −$200	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.13 bp	27.8 bp −$28	75.0 bp −$750	doesn't fit	doesn't fit

LIT on 41 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	−0.0544%	1h	4.6922	−0.380%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0439%	4h	4.6897	−0.433%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0355%	1h	4.6931	−0.362%	$84K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0267%	1h	4.6933	−0.357%	$41K	$40K	10x	as long as short
ApeX Omni LITUSDT	−0.0168%	1h	4.7020	−0.172%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0146%	4h	4.7050	−0.108%	$895K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7017	−0.178%	$203K	$352K	5x	as long as short
KuCoin LITUSDTM	−0.0100%	4h	4.7041	−0.127%	$5.2M	$1.1M	30x	as long as short
Phemex LITUSDT	−0.0098%	4h	4.6930	−0.363%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0093%	4h	4.7064	−0.079%	$25.5M	$62.1M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.602%	$670K	$373K	50x	as long as short
Gate LIT_USDTshort	−0.0026%	4h	4.7000	−0.214%	$2.8M	$4.3M	50x
Bulk LIT-USD	−0.0020%	1h	4.7177	+0.161%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7001	−0.213%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6948	−0.324%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.994%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0043%	8h	4.7027	−0.158%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0076%	4h	4.7040	−0.130%	$41.9M	$28.9M	75x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6949	−0.323%	$817K	$2.0M	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7101	long leg	$59.0M	$29.6M	5x
Nado LIT-PERP	+0.0100%	1h	4.6913	−0.398%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7084	−0.036%	$210.6M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7054	−0.100%	$584K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7034	−0.142%	$74.9M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6972	−0.274%	$116K	$447K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7024	−0.163%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7010	−0.193%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6970	−0.278%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6965	−0.288%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6954	−0.312%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6955	−0.309%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6966	−0.287%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6950	−0.321%	$1K	$422K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7046	−0.117%	$189K	$351K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6963	−0.292%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6940	−0.341%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0121%	4h	4.7090	−0.023%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7119	+0.038%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0252%	1h	4.7107	+0.013%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0201%	1h	4.6951	−0.318%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6972	−0.275%	$31K	$838K	33x	as long as short