Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.049%

Price spread now: BloFin against Lighter RH−0.325%7-day average −0.204% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.325%, 7d avg −0.204%

Together, before fees+0.073%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.120% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.204%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.8032	0.0368	pay 0.0046% / 1h	6m 13s	$3.7M	$13.3M	5x
Short	BloFin LIT-USDT	4.7876	0.0340	get 0.0170% / 4h	1h 06m	$1.6M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.325%Rate

Funding earned: −$5.88
Price spread: −0.325% → −0.204%: −$12.03
Slippage, 4 orders: −$28.13
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.04
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; BloFin: 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 RH live order book, 3 min ago	1.77 bp	5.4 bp −$5	15.1 bp −$151	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.21 bp	16.9 bp −$17	doesn't fit	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.525%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0365%	4h	4.7875	−0.327%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7947	−0.177%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0190%	1h	4.7935	−0.202%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0131%	4h	4.7916	−0.242%	$25.7M	$60.7M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0105%	1h	4.7922	−0.229%	$42K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7848	−0.382%	$885K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7981	−0.106%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7946	−0.178%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7934	−0.204%	$206K	$301K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.017%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0039%	1h	4.7940	−0.192%	$676K	$943K	5x	as long as short
Bybit LITUSDT	+0.0068%	4h	4.7912	−0.250%	$41.5M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7926	−0.221%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8008	−0.050%	$59.7M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7930	−0.212%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7979	−0.110%	$771K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7918	−0.237%	$76.7M	$75.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7964	−0.142%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7950	−0.171%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7931	−0.210%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7933	−0.206%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	−0.171%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7820	−0.440%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7870	−0.337%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7940	−0.192%	$450K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7950	−0.170%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7950	−0.171%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7928	−0.217%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7952	−0.167%	$200K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7910	−0.254%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	−0.285%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7907	−0.261%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7923	−0.227%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7974	−0.121%	$812K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0202%	4h	4.7993	−0.081%	$12.9M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0270%	1h	4.8027	−0.010%	$216.7M	$39.0M	5x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.7876	−0.325%	$1.6M	$2.3M	75x
Lighter RH LITlong	+0.0368%	1h	4.8032	long leg	$3.7M	$13.3M	5x
Aftermath Perps LITUSD	+0.0399%	1h	4.7959	−0.153%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7931	−0.210%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7927	−0.220%	$32K	$667K	33x	as long as short