Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.048%

Price spread now: KuCoin against Lighter−0.104%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.104%, 7d avg −0.076%

Together, before fees−0.194%+ Points / potential airdropLighter: Season 3 · farm board−$19 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 KuCoin is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7292	0.0096	pay 0.0012% / 1h	2m 03s	$59.0M	$28.4M	5x
Short	KuCoin LITUSDTM	4.7243	−0.0030	pay 0.0015% / 4h	3h 02m	$5.3M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$26.46
Price spread: −0.104% → −0.076%: −$2.72
Slippage, 4 orders: −$54.25
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$95.44
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; KuCoin: live order book, 1 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, 7 min ago	1.06 bp	4.7 bp −$5	14.2 bp −$142	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.98 bp	25.9 bp −$26	145.7 bp −$1,457	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	−0.0596%	1h	4.7223	−0.145%	$41K	$40K	10x	as long as short
Phemex LITUSDT	−0.0405%	4h	4.7200	−0.195%	$1.4M	$2.8M	20x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7163	−0.273%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0376%	1h	4.7154	−0.292%	$31K	$5K	5x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7215	−0.163%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.878%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0227%	4h	4.7248	−0.093%	$41.2M	$28.6M	75x	as long as short
ApeX Omni LITUSDT	−0.0115%	1h	4.7180	−0.237%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0103%	4h	4.7244	−0.101%	$25.4M	$60.5M	50x	as long as short
KuCoin LITUSDTMshort	−0.0030%	4h	4.7243	−0.104%	$5.3M	$1.0M	30x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7286	−0.013%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7237	−0.116%	$791K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7292	0.000%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7263	−0.061%	$31K	$704K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7267	−0.054%	$11K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0010%	4h	4.7206	−0.183%	$909K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.582%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7190	−0.215%	$7K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7292	long leg	$59.0M	$28.4M	5x
Nado LIT-PERP	+0.0100%	1h	4.7205	−0.184%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7318	+0.055%	$211.3M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7231	−0.129%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7218	−0.156%	$75.8M	$78.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7215	−0.163%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7207	−0.180%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7250	−0.089%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7205	−0.184%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7240	−0.110%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7252	−0.085%	$662K	$1.2M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7232	−0.128%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7221	−0.150%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7264	−0.058%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7215	−0.163%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7234	−0.123%	$1K	$358K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	−0.080%	$200K	$348K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7213	−0.168%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7204	−0.186%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0120%	1h	4.7301	+0.019%	$3.8M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0233%	4h	4.7312	+0.043%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7177	−0.243%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7272	−0.042%	$65K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0493%	1h	4.7285	−0.015%	$9K	$204K	10x	as long as short