Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0528%/8h= −57.9% APRpaid last 24h −0.092%

Price spread now: OKX against Lighter−0.189%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.382%−$38 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.189%, 7d avg −0.088%

Together, before fees−0.240%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and OKX is 0.101% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.088%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7045	0.0096	pay 0.0012% / 1h	36m 14s	$59.1M	$29.4M	5x
Short	OKX LIT-USDT-SWAP	4.6956	−0.0432	pay 0.0216% / 4h	1h 36m	$25.2M	$61.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$110.98
Price spread: −0.189% → −0.088%: −$10.14
Slippage, 4 orders: −$19.54
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$150.66
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; OKX: live order book, 3 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	0.63 bp	6.5 bp −$7	28.6 bp −$286	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.11 bp	11.4 bp −$11	28.0 bp −$280	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
Gate LIT_USDT	−0.1084%	4h	4.7030	−0.032%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.1036%	1h	4.6969	−0.162%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0721%	1h	4.7090	+0.096%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.6922	−0.261%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.6915	−0.276%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0534%	4h	4.6960	−0.181%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0432%	4h	4.6956	−0.189%	$25.2M	$61.9M	50x
Bullet LIT-USD	−0.0354%	1h	4.6982	−0.134%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0300%	4h	4.6960	−0.181%	$42.4M	$30.3M	75x	as long as short
KuCoin LITUSDTM	−0.0294%	4h	4.7000	−0.096%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0228%	1h	4.7131	+0.182%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0178%	4h	4.7130	+0.180%	$900K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7000	−0.096%	$650K	$382K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7028	−0.035%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6978	−0.141%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7117	+0.153%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0004%	8h	4.6974	−0.151%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7074	+0.061%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7051	+0.013%	$35K	—	150x	as long as short
SoDEX LIT-USD	+0.0029%	1h	4.6964	−0.172%	$1K	$465K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.115%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6929	−0.247%	$74.4M	$81.0M	75x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.6974	−0.151%	$5.5M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7140	+0.201%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6950	−0.201%	$147K	$44K	3x	as long as short
Lighter LITlong	+0.0096%	1h	4.7045	long leg	$59.1M	$29.4M	5x
Hyperliquid LIT	+0.0100%	1h	4.7065	+0.043%	$209.8M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7045	−0.001%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7060	+0.032%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7028	−0.036%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.219%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6980	−0.138%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.181%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7008	−0.079%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7041	−0.008%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6994	−0.108%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.196%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6951	−0.200%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0233%	4h	4.7034	−0.023%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0328%	1h	4.7054	+0.019%	$3.7M	$13.6M	5x	as long as short
Perpl LIT	+0.0335%	43m	4.7032	−0.027%	$31K	$840K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7024	−0.044%	$59K	—	50x	as long as short