Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0238%/8h= −26.1% APRpaid last 24h −0.087%

Price spread now: Gate against Lighter RH−0.147%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.147%, 7d avg −0.104%

Together, before fees−0.313%+ 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 −$7 a day on $10k at the current rate, and Gate is 0.042% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.104%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.6999	0.0208	pay 0.0026% / 1h	6m 18s	$3.7M	$13.3M	5x
Short	Gate LIT_USDT	4.6930	−0.0030	pay 0.0015% / 4h	2h 06m	$2.7M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.147%Rate

Funding earned: −$49.98
Price spread: −0.147% → −0.104%: −$4.25
Slippage, 4 orders: −$54.98
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.21
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Gate: 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	3.93 bp	6.0 bp −$6	24.0 bp −$240	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.13 bp	28.3 bp −$28	79.0 bp −$790	doesn't fit	doesn't fit

LIT on 41 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
01 Exchange LITUSD	−0.0520%	1h	4.6908	−0.194%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0431%	4h	4.6861	−0.294%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.6919	−0.171%	$84K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0141%	1h	4.6910	−0.189%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0136%	4h	4.6951	−0.103%	$893K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7017	+0.038%	$203K	$352K	5x	as long as short
KuCoin LITUSDTM	−0.0090%	4h	4.6933	−0.140%	$5.2M	$1.1M	30x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6910	−0.189%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.820%	$670K	$373K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0079%	4h	4.6900	−0.211%	$25.4M	$61.8M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LIT_USDC-PERPETUAL	−0.0078%	1h	4.6907	−0.196%	$41K	$40K	10x	as long as short
Gate LIT_USDTshort	−0.0030%	4h	4.6930	−0.147%	$2.7M	$4.3M	50x
Bulk LIT-USD	−0.0020%	1h	4.7177	+0.379%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6912	−0.185%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6924	−0.159%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.215%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0046%	8h	4.6881	−0.251%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6937	−0.132%	$817K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6974	−0.053%	$58.8M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6900	−0.211%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6973	−0.055%	$210.1M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6918	−0.172%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6903	−0.204%	$74.7M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6894	−0.223%	$41.7M	$28.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6931	−0.145%	$117K	$445K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6900	−0.211%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6930	−0.147%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6933	−0.140%	$680K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6929	−0.149%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6926	−0.155%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6927	−0.153%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6935	−0.136%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6925	−0.157%	$1K	$420K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7000	+0.002%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6888	−0.237%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6908	−0.194%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0123%	4h	4.6959	−0.085%	$12.6M	$2.0M	50x	as long as short
Lighter RH LITlong	+0.0208%	1h	4.6999	long leg	$3.7M	$13.3M	5x
Aftermath Perps LITUSD	+0.0257%	1h	4.7036	+0.080%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0201%	1h	4.6922	−0.165%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6939	−0.128%	$31K	$839K	33x	as long as short