Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: HTX against Lighter−0.019%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.019%, 7d avg +0.027%

Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 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: HTX is 0.046% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.8028	0.0096	pay 0.0012% / 1h	40m 40s	$59.8M	$26.5M	5x
Short	HTX LIT-USDT	4.8019	0.0100	get 0.0050% / 4h	40m 40s	$200K	$298K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0.84
Price spread: −0.019% → +0.027%: −$4.6
Slippage, 4 orders: −$60.13
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$75.89
Costs to cover: 0.721%
Break-even: 639.4 days

Slippage from Lighter: live order book, 8 min ago; HTX: live order book, 62 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, 8 min ago	1.04 bp	5.0 bp −$5	13.2 bp −$132	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	7.11 bp	38.4 bp −$38	120.9 bp −$1,209	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	−0.0416%	1h	4.7981	−0.099%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0392%	1h	4.7926	−0.212%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0365%	4h	4.7931	−0.202%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.517%	$605K	$347K	50x	as long as short
Bullet LIT-USD	−0.0261%	1h	4.7953	−0.157%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0149%	4h	4.7959	−0.144%	$25.8M	$59.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0096%	4h	4.7900	−0.267%	$891K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0079%	1h	4.7900	−0.267%	$57K	$73K	50x	as long as short
Bybit LITUSDT	−0.0004%	4h	4.7966	−0.129%	$41.7M	$28.0M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8030	+0.005%	$34K	—	5x	as long as short

Show 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	4.8034	+0.012%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.025%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.8006	−0.046%	$206K	$293K	5x	as long as short
Phemex LITUSDT	+0.0051%	4h	4.7990	−0.079%	$1.4M	$2.7M	20x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7982	−0.096%	$801K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7961	−0.140%	$7K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.8028	long leg	$59.8M	$26.5M	5x
Nado LIT-PERP	+0.0100%	1h	4.7972	−0.118%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8024	−0.008%	$771K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7967	−0.127%	$76.9M	$74.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7966	−0.129%	$125K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8008	−0.042%	$120K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8010	−0.037%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7959	−0.144%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8014	−0.029%	$5.5M	$958K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8010	−0.037%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8040	+0.025%	$767K	$945K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7925	−0.213%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7970	−0.121%	$450K	$82K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8034	+0.013%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7945	−0.173%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7980	−0.100%	$1K	$331K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.8019	−0.019%	$200K	$298K	30x
Extended LIT-USD	+0.0104%	1h	4.7944	−0.176%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7978	−0.105%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.8035	+0.015%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0190%	4h	4.8066	+0.079%	$12.9M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0253%	1h	4.8067	+0.081%	$217.0M	$39.1M	5x	as long as short
Aftermath Perps LITUSD	+0.0313%	1h	4.7959	−0.144%	$10K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7946	−0.171%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.8033	+0.011%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7999	−0.060%	$32K	$653K	33x	as long as short