LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.047%

Price spread now: Backpack against Lighter RH−0.153%7-day average +0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Lighter RH Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.250%−$25 on $10k

Price spread, last 7 days+0.464%+$46 · spread now −0.153%, 7d avg +0.122%

Together, before fees+0.214%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Backpack is 0.275% cheaper against Lighter RH than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.122%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7183	0.0096	pay 0.0012% / 1h	4m 00s	$3.8M	$13.5M	5x
Short	Backpack LIT_USDC_PERP	4.7111	0.0079	get 0.0010% / 1h	4m 00s	$663K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter RH. 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 Lighter RHbpFee BackpackbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$3.48
Price spread: −0.153% → +0.122%: −$27.46
Slippage, 4 orders: −$17.95
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$58.89
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Backpack: live order book, 5 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 RH live order book, 5 min ago	1.70 bp	12.9 bp −$13	25.3 bp −$253	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	0.53 bp	5.8 bp −$6	17.3 bp −$173	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	−0.0622%	1h	4.7069	−0.241%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.6991	−0.407%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7027	−0.331%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0292%	1h	4.7055	−0.271%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.592%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0126%	4h	4.7110	−0.155%	$2.7M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0102%	4h	4.7060	−0.261%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0095%	4h	4.7090	−0.197%	$41.3M	$28.8M	75x	as long as short
Phoenix LIT	−0.0034%	1h	4.7171	−0.025%	$203K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7132	−0.109%	$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	4.7108	−0.159%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0016%	4h	4.7095	−0.187%	$25.3M	$61.3M	50x	as long as short
KuCoin LITUSDTM	+0.0020%	4h	4.7083	−0.212%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.816%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.7029	−0.327%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7074	−0.230%	$785K	$2.1M	5x	as long as short
ApeX Omni LITUSDT	+0.0074%	1h	4.7110	−0.155%	$56K	$76K	50x	as long as short
Backpack LIT_USDC_PERPshort	+0.0079%	1h	4.7111	−0.153%	$663K	$1.4M	5x
Extended LIT-USD	+0.0088%	1h	4.7082	−0.215%	$5.2M	$5.0M	25x	as long as short
Aftermath Perps LITUSD	+0.0092%	1h	4.7058	−0.266%	$10K	$204K	10x	as long as short
Nado LIT-PERP	+0.0094%	1h	4.7055	−0.271%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7158	−0.053%	$58.8M	$28.9M	5x	as long as short
Lighter RH LITlong	+0.0096%	1h	4.7183	long leg	$3.8M	$13.5M	5x
Hyperliquid LIT	+0.0100%	1h	4.7161	−0.047%	$210.6M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7070	−0.239%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7079	−0.220%	$75.4M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7059	−0.263%	$117K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−0.265%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7074	−0.231%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	−0.176%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7052	−0.277%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7074	−0.232%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7061	−0.259%	$440K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7108	−0.159%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7049	−0.284%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	−0.208%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7143	−0.085%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7061	−0.258%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7115	−0.145%	$31K	$759K	33x	as long as short
Aster LITUSDT	+0.0252%	4h	4.7177	−0.012%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7078	−0.223%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7106	−0.162%	$65K	—	50x	as long as short