Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.09 per $10,000 · paid last 24h −0.024%
Price spread now: Bulk against Lighter RH−0.805%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 4 days (all we have)−0.263%−$26 on $10k
+Price spread, last 4 days (all we have)+0.467%+$47 · spread now −0.805%, 7d avg −0.125%
=Together, before fees+0.204%+ Points / potential airdropLighter RH: Points live · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bulk is 0.680% cheaper against Lighter RH than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of −0.125%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH LIT | 4.7690 | 0.0176 | pay 0.0022% / 1h | 37m 30s | $3.7M | $13.0M | 5x |
| Short | Bulk LIT-USD | 4.7306 | 0.0100 | get 0.0013% / 1h | 37m 30s | $118K | $7K | 10x |
Lighter RH LIT
Bulk LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.96
- Price spread: −0.805% → −0.125%
- −$68.01
- Slippage, 4 orders
- −$16.3
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$107.28
- Costs to cover
- 0.233%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; Bulk: live order book, 11 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, 6 min ago | 2.85 bp | 5.0 bp −$5 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 11 min ago | 0.95 bp | 4.7 bp −$5 | 12.6 bp −$126 | 36.0 bp −$3,603 | 81.0 bp −$40.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex LITUSDT | −0.0453% | 4h | 4.7500 | −0.398% | $1.4M | $2.8M | 20x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0448% | 1h | 4.7300 | −0.817% | $612K | $358K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0377% | 4h | 4.7480 | −0.440% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0288% | 1h | 4.7634 | −0.117% | $31K | $5K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0221% | 1h | 4.7538 | −0.318% | $42K | $40K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0204% | 4h | 4.7462 | −0.478% | $899K | $1.8M | 10x | as long as short |
| Bullet LIT-USD | −0.0157% | 1h | 4.7514 | −0.369% | $85K | $68K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0146% | 4h | 4.7620 | −0.147% | $25.7M | $61.1M | 50x | as long as short |
| Bybit LITUSDT | −0.0035% | 4h | 4.7631 | −0.124% | $41.5M | $28.6M | 75x | as long as short |
| Phoenix LIT | −0.0017% | 1h | 4.7395 | −0.619% | $204K | $283K | 5x | as long as short |
Phemex LITUSDT
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
GRVT LIT_USDT_Perp
Bullet LIT-USD
OKX LIT-USDT-SWAP
Bybit LITUSDT
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx LIT/USDC | −0.0012% | 1h | 4.7668 | −0.046% | $821K | $2.2M | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7643 | −0.099% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7554 | −0.285% | $11K | — | 150x | as long as short |
| KuCoin LITUSDTM | +0.0010% | 4h | 4.7590 | −0.210% | $5.3M | $1.0M | 30x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.734% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0093% | 8h | 4.7604 | −0.180% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7680 | −0.021% | $59.4M | $27.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7625 | −0.137% | $2.2M | $1.6M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7681 | −0.018% | $213.5M | $40.6M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7640 | −0.105% | $576K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7633 | −0.121% | $76.5M | $77.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7653 | −0.078% | $118K | $463K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7610 | −0.168% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7605 | −0.178% | $5.8M | $3.8M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7630 | −0.126% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7552 | −0.289% | $666K | $1.1M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7387 | −0.635% | $290K | $304K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7390 | −0.629% | $57K | $74K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7555 | −0.283% | $447K | $85K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7548 | −0.297% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7503 | −0.392% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7535 | −0.325% | $1K | $352K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7546 | −0.302% | $201K | $347K | 30x | as long as short |
| Bulk LIT-USDshort | +0.0100% | 1h | 4.7306 | −0.805% | $118K | $7K | 10x | |
| Extended LIT-USD | +0.0104% | 1h | 4.7622 | −0.142% | $5.2M | $4.9M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7530 | −0.336% | $149K | — | 3x | as long as short |
| Lighter RH LITlong | +0.0176% | 1h | 4.7690 | long leg | $3.7M | $13.0M | 5x | |
| Aster LITUSDT | +0.0211% | 4h | 4.7711 | +0.044% | $12.8M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7470 | −0.461% | $1.6M | $1.9M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0428% | 1h | 4.7437 | −0.531% | $8K | $204K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0440% / S −0.0231% | 1h | 4.7551 | −0.292% | $66K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7532 | −0.330% | $31K | $688K | 33x | as long as short |
RISEx LIT/USDC
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
KuCoin LITUSDTM
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT