Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0382%/8h= −41.8% APRpaid last 24h −0.121%

Price spread now: OKX against Lighter RH−0.148%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$53 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.148%, 7d avg −0.133%

Together, before fees−0.415%+ Points / potential airdropLighter RH: Points live · farm board−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.133%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7295	0.0376	pay 0.0047% / 1h	54m 07s	$3.8M	$13.1M	5x
Short	OKX LIT-USDT-SWAP	4.7225	−0.0006	pay 0.0003% / 4h	3h 54m	$25.4M	$61.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$80.24
Price spread: −0.148% → −0.133%: −$1.46
Slippage, 4 orders: −$20.09
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$111.78
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	1.70 bp	6.9 bp −$7	20.9 bp −$209	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.11 bp	7.8 bp −$8	26.9 bp −$269	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
ApeX Omni LITUSDT	−0.0659%	1h	4.7030	−0.560%	$56K	$76K	50x	as long as short
Nado LIT-PERP	−0.0551%	1h	4.7233	−0.132%	$2.2M	$1.7M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.7161	−0.283%	$32K	$1K	10x	as long as short
Bybit LITUSDT	−0.0329%	4h	4.7212	−0.175%	$41.3M	$28.9M	75x	as long as short
Phemex LITUSDT	−0.0315%	4h	4.7180	−0.243%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7240	−0.116%	$33K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0307%	1h	4.7218	−0.162%	$41K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.827%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0225%	1h	4.7205	−0.190%	$84K	$68K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0126%	4h	4.6975	−0.676%	$904K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0123%	1h	4.7252	−0.091%	$663K	$1.4M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7003	−0.617%	$202K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7247	−0.101%	$807K	$2.2M	5x	as long as short
OKX LIT-USDT-SWAPshort	−0.0006%	4h	4.7225	−0.148%	$25.4M	$61.5M	50x
dYdX LIT-USD	0.0000%	1h	4.7291	−0.007%	$34K	—	5x	as long as short
KuCoin LITUSDTM	+0.0002%	4h	4.7202	−0.197%	$5.3M	$1.0M	30x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7250	−0.095%	$11K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0018%	1h	4.7091	−0.431%	$10K	$205K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.575%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0056%	1h	4.7202	−0.197%	$5.2M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7234	−0.129%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7268	−0.057%	$59.0M	$28.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7300	+0.011%	$211.2M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7247	−0.101%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7216	−0.167%	$75.7M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7237	−0.123%	$118K	$451K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7200	−0.201%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7206	−0.188%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7240	−0.116%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6995	−0.635%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7220	−0.159%	$441K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7244	−0.107%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7216	−0.167%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7214	−0.171%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6909	−0.816%	$198K	$360K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7192	−0.219%	$118K	$8K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7203	−0.195%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7274	−0.045%	$31K	$761K	33x	as long as short
Aster LITUSDT	+0.0232%	4h	4.7283	−0.025%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7102	−0.408%	$1.6M	$1.9M	75x	as long as short
Lighter RH LITlong	+0.0376%	1h	4.7295	long leg	$3.8M	$13.1M	5x
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7249	−0.096%	$65K	—	50x	as long as short