LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0296%/8h= −32.4% APRnext payment −$0.37 per $10,000 · paid last 24h −0.064%

Price spread now: Coinbase International against Lighter RH−0.219%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−1.224%−$122 on $10k

Price spread, last 3 days (all we have)+0.402%+$40 · spread now −0.219%, 7d avg −0.021%

Together, before fees−0.822%+ Points / potential airdropLighter RH: Points live · farm board−$82 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Coinbase International is 0.198% cheaper against Lighter RH than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7417	0.0176	pay 0.0022% / 1h	0m 37s	$3.7M	$14.0M	5x
Short	Coinbase International LIT-PERP-INTX	4.7313	−0.0120	pay 0.0015% / 1h	0m 37s	$669K	$401K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.219%Rate

Funding earned: −$62.16
Price spread: −0.219% → −0.021%: −$19.82
Slippage, 4 orders: −$47.62
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$139.59
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Coinbase International: live order book, 13 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	2.53 bp	4.9 bp −$5	13.3 bp −$133	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	6.60 bp	17.9 bp −$18	56.7 bp −$567	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
Gate LIT_USDT	−0.0810%	4h	4.7370	−0.099%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0781%	1h	4.7306	−0.234%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7255	−0.342%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0538%	4h	4.7251	−0.350%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0384%	1h	4.7297	−0.253%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0324%	4h	4.7354	−0.133%	$25.7M	$64.2M	50x	as long as short
Phemex LITUSDT	−0.0314%	4h	4.7280	−0.289%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0164%	4h	4.7317	−0.211%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0120%	1h	4.7313	−0.219%	$669K	$401K	50x
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	−0.226%	$906K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7276	−0.297%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7345	−0.151%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7383	−0.072%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7352	−0.137%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7376	−0.086%	$798K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7311	−0.224%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.314%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0040%	4h	4.7341	−0.160%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0060%	1h	4.7336	−0.171%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7395	−0.046%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7325	−0.194%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7419	+0.004%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7355	−0.131%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7328	−0.187%	$75.5M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7349	−0.143%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.266%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7324	−0.196%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7360	−0.120%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7326	−0.191%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7330	−0.183%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7322	−0.200%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7344	−0.154%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7280	−0.289%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7305	−0.236%	$1K	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7317	−0.211%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7326	−0.192%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7315	−0.215%	$148K	$44K	3x	as long as short
Lighter RH LITlong	+0.0176%	1h	4.7417	long leg	$3.7M	$14.0M	5x
Hyperliquid LIT	+0.0186%	1h	4.7433	+0.034%	$212.7M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0204%	1h	4.7376	−0.087%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7259	−0.333%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0172%	1h	4.7342	−0.158%	$63K	—	50x	as long as short