Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h −0.087%

Price spread now: Bybit against Lighter RH−0.157%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.399%−$40 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.157%, 7d avg −0.137%

Together, before fees−0.308%+ Points / potential airdropLighter RH: Points live · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.020% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.137%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7164	0.0096	pay 0.0012% / 1h	1m 59s	$3.8M	$13.5M	5x
Short	Bybit LITUSDT	4.7090	−0.0102	pay 0.0051% / 4h	1m 59s	$41.3M	$28.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$41.68
Price spread: −0.157% → −0.137%: −$2.02
Slippage, 4 orders: −$32.48
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.17
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bybit: 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, 2 min ago	0.95 bp	8.4 bp −$8	19.3 bp −$193	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.06 bp	14.8 bp −$15	65.8 bp −$658	443.1 bp −$44.3K	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	−0.0419%	1h	4.7066	−0.208%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7014	−0.318%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0394%	4h	4.7014	−0.318%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0295%	1h	4.7057	−0.226%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.551%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0128%	4h	4.7100	−0.136%	$2.7M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0104%	4h	4.7050	−0.242%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDTshort	−0.0102%	4h	4.7090	−0.157%	$41.3M	$28.9M	75x
Phoenix LIT	−0.0034%	1h	4.7171	+0.015%	$203K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7171	+0.015%	$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	4.7114	−0.107%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0010%	4h	4.7096	−0.144%	$25.3M	$61.3M	50x	as long as short
KuCoin LITUSDTM	+0.0014%	4h	4.7063	−0.214%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.857%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0066%	1h	4.7094	−0.148%	$663K	$1.4M	5x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7010	−0.325%	$6K	$2K	5x	as long as short
Extended LIT-USD	+0.0072%	1h	4.7082	−0.174%	$5.2M	$5.0M	25x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7105	−0.125%	$785K	$2.1M	5x	as long as short
ApeX Omni LITUSDT	+0.0076%	1h	4.7070	−0.199%	$56K	$76K	50x	as long as short
Nado LIT-PERP	+0.0078%	1h	4.7070	−0.198%	$2.2M	$1.7M	10x	as long as short
Aftermath Perps LITUSD	+0.0079%	1h	4.7073	−0.194%	$10K	$204K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7137	−0.057%	$58.7M	$29.0M	5x	as long as short
Lighter RH LITlong	+0.0096%	1h	4.7164	long leg	$3.8M	$13.5M	5x
Hyperliquid LIT	+0.0100%	1h	4.7143	−0.044%	$210.5M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7100	−0.136%	$576K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7092	−0.153%	$75.4M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7082	−0.174%	$118K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−0.225%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7074	−0.191%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	−0.093%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7102	−0.130%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7074	−0.191%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7066	−0.208%	$440K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7095	−0.146%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7069	−0.201%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7075	−0.189%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7133	−0.066%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7056	−0.229%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7126	−0.080%	$31K	$760K	33x	as long as short
Aster LITUSDT	+0.0247%	4h	4.7145	−0.040%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7100	−0.136%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7104	−0.126%	$65K	—	50x	as long as short