Funding you earn now, next payment 22:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter RH against Lighter+0.066%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.066%, 7d avg +0.044%
=Together, before fees+0.098%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter RH is 0.021% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7283 | 0.0096 | pay 0.0012% / 1h | 1m 37s | $59.4M | $30.4M | 5x |
| Short | Lighter RH LIT | 4.7314 | 0.0408 | get 0.0051% / 1h | 1m 37s | $3.7M | $14.3M | 5x |
Lighter LIT
Lighter RH LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $65.52
- Price spread: +0.066% → +0.044%
- $2.15
- Slippage, 4 orders
- −$19.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $48.1
- Costs to cover
- 0.196%
- Break-even
- 1.9 days
Slippage from Lighter: live order book, 7 min ago; Lighter RH: live order book, 2 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 | 2.11 bp | 7.1 bp −$7 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.38 bp | 6.0 bp −$6 | 13.1 bp −$131 | 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 | −0.1033% | 1h | 4.7260 | −0.048% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0800% | 4h | 4.7210 | −0.154% | $2.8M | $4.6M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0625% | 4h | 4.7186 | −0.205% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0600% | 1h | 4.7157 | −0.266% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0600% | 4h | 4.7210 | −0.154% | $1.3M | $2.8M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0384% | 4h | 4.7211 | −0.152% | $25.1M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0361% | 1h | 4.7223 | −0.127% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0328% | 4h | 4.7220 | −0.133% | $42.7M | $30.8M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0308% | 4h | 4.7257 | −0.055% | $5.2M | $1.1M | 30x | as long as short |
| Backpack LIT_USDC_PERP | −0.0305% | 1h | 4.7253 | −0.063% | $664K | $1.5M | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTM
Backpack LIT_USDC_PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0258% | 4h | 4.7093 | −0.401% | $894K | $1.9M | 10x | as long as short |
| Aftermath Perps LITUSD | −0.0202% | 1h | 4.7257 | −0.055% | $10K | $202K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.927% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7150 | −0.281% | $245K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0049% | 1h | 4.7245 | −0.080% | $1K | $487K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0028% | 8h | 4.7172 | −0.236% | $6K | $2K | 5x | as long as short |
| Nado LIT-PERP | −0.0007% | 1h | 4.7210 | −0.153% | $2.1M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7268 | −0.031% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7288 | +0.011% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7252 | −0.066% | $777K | $2.1M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0021% | 1h | 4.7170 | −0.239% | $445K | $105K | 10x | as long as short |
| MEXC LIT_USDT | +0.0026% | 4h | 4.7175 | −0.228% | $5.8M | $4.3M | 100x | as long as short |
| edgeX LITUSDC | +0.0030% | 4h | 4.7178 | −0.221% | $287K | $311K | 10x | as long as short |
| Binance LITUSDT | +0.0031% | 4h | 4.7185 | −0.207% | $74.8M | $81.7M | 75x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.601% | $422 | $178K | 5.5x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7195 | −0.187% | $148K | $44K | 3x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7283 | long leg | $59.4M | $30.4M | 5x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.7287 | +0.008% | $210.8M | $45.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7261 | −0.046% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7229 | −0.114% | $582K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7217 | −0.140% | $116K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7185 | −0.207% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7230 | −0.112% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.324% | $55K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7298 | +0.031% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7179 | −0.220% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7270 | −0.027% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7199 | −0.177% | $5.2M | $5.2M | 25x | as long as short |
| BloFin LIT-USDT | +0.0111% | 4h | 4.7170 | −0.239% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7228 | −0.115% | $31K | $843K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0357% / S −0.0155% | 1h | 4.7287 | +0.009% | $59K | — | 50x | as long as short |
| Lighter RH LITshort | +0.0408% | 1h | 4.7314 | +0.066% | $3.7M | $14.3M | 5x |
GRVT LIT_USDT_Perp
Aftermath Perps LITUSD
Coinbase International LIT-PERP-INTX
Phoenix LIT
SoDEX LIT-USD
Paradex LIT-USD-PERP
Nado LIT-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
Injective LIT/USDC PERP
Aevo LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]