Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.030%

Price spread now: Perpl against Lighter0.000%7-day average −0.085% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 7 days−0.081%−$8 · spread now 0.000%, 7d avg −0.085%

Together, before fees−0.350%+ Points / potential airdropLighter: Season 3 · Perpl: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Perpl is 0.085% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.085%. Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7455	0.0096	pay 0.0012% / 1h	48m 48s	$59.6M	$29.6M	5x
Short	Perpl LIT	4.7455	0.0112	get 0.0010% / 43m	35m 48s	$31K	$844K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now 0.000%Rate

Funding earned: $3.28
Price spread: 0.000% → −0.085%: $8.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$1.99
Costs to cover: 0.138%
Break-even: 11.2 days

Slippage unknown: Lighter: live order book, 5 min ago; Perpl: no order-book sample. Net counts fees only.

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	0.84 bp	2.4 bp −$2	28.1 bp −$281	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0908%	1h	4.7370	−0.180%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7355	−0.211%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0626%	1h	4.7399	−0.118%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0573%	4h	4.7326	−0.272%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7380	−0.158%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7340	−0.242%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7418	−0.078%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0301%	4h	4.7272	−0.386%	$25.1M	$60.6M	50x	as long as short
Bullet LIT-USD	−0.0274%	1h	4.7373	−0.173%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	−0.113%	$898K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0229%	4h	4.7300	−0.327%	$42.7M	$30.3M	75x	as long as short
Nado LIT-PERP	−0.0193%	1h	4.7395	−0.126%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.101%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7360	−0.199%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	−0.042%	$245K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0045%	1h	4.7365	−0.190%	$981	$476K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	−0.148%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7300	−0.326%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7426	−0.061%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	−0.011%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.233%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0041%	4h	4.7265	−0.400%	$74.7M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0050%	4h	4.7349	−0.223%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.001%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7341	−0.241%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.122%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7444	−0.023%	$448K	$104K	10x	as long as short
Lighter LITlong	+0.0096%	1h	4.7455	long leg	$59.6M	$29.6M	5x
Hyperliquid LIT	+0.0100%	1h	4.7422	−0.070%	$210.7M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7412	−0.091%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7335	−0.252%	$594K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	−0.059%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7410	−0.095%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	−0.011%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7407	−0.101%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7446	−0.019%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	−0.025%	$189K	$330K	30x	as long as short
Perpl LITshort	+0.0112%	43m	4.7455	0.000%	$31K	$844K	33x
BloFin LIT-USDT	+0.0170%	4h	4.7362	−0.196%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7521	+0.139%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0320%	1h	4.7477	+0.046%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7416	−0.082%	$60K	—	50x	as long as short