Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0489%/8h= −53.6% APRpaid last 24h −0.177%

Price spread now: Orderly against Lighter RH−0.278%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Orderly is 0.278% cheaper against Lighter RH than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7533	0.0096	pay 0.0012% / 1h	57m 14s	$3.8M	$12.8M	5x
Short	Orderly PERP_LIT_USDC	4.7401	−0.0393	pay 0.0197% / 4h	2h 57m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.278%Rate

Funding earned: −$102.71
Price spread: −0.278% → 0.000%: −$27.77
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$136.48
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	1.79 bp	3.7 bp −$4	12.6 bp −$126	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange LITUSD	−0.0504%	1h	4.7411	−0.257%	$31K	$5K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0500%	1h	4.7445	−0.185%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.6877	−1.381%	$607K	$354K	50x	as long as short
Phemex LITUSDT	−0.0412%	4h	4.7430	−0.217%	$1.4M	$2.8M	20x	as long as short
Orderly PERP_LIT_USDCshort	−0.0393%	4h	4.7401	−0.278%	$32K	$1K	10x
Bullet LIT-USD	−0.0387%	1h	4.7445	−0.185%	$85K	$67K	20x	as long as short
Bybit LITUSDT	−0.0224%	4h	4.7451	−0.173%	$41.4M	$28.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0118%	4h	4.7451	−0.173%	$25.5M	$60.5M	50x	as long as short
ApeX Omni LITUSDT	−0.0113%	1h	4.7350	−0.385%	$57K	$74K	50x	as long as short
KuCoin LITUSDTM	−0.0022%	4h	4.7466	−0.141%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7422	−0.234%	$204K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7475	−0.122%	$804K	$2.2M	5x	as long as short
Polymarket Perps LIT-USD	−0.0004%	1h	4.7450	−0.175%	$446K	$86K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7452	−0.171%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7488	−0.094%	$31K	$703K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7484	−0.104%	$11K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0022%	4h	4.7300	−0.490%	$911K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.067%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0088%	1h	4.7439	−0.197%	$2.2M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7398	−0.283%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7513	−0.042%	$59.2M	$27.4M	5x	as long as short
Lighter RH LITlong	+0.0096%	1h	4.7533	long leg	$3.8M	$12.8M	5x
Hyperliquid LIT	+0.0100%	1h	4.7516	−0.037%	$212.2M	$40.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7432	−0.212%	$578K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7443	−0.189%	$76.2M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7452	−0.170%	$116K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7207	−0.686%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7440	−0.196%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7450	−0.175%	$5.8M	$3.7M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	−0.133%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7389	−0.303%	$664K	$1.2M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7262	−0.570%	$289K	$306K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7479	−0.114%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7441	−0.194%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7450	−0.175%	$1K	$349K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7468	−0.137%	$201K	$348K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7426	−0.225%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7418	−0.241%	$148K	—	3x	as long as short
Aster LITUSDT	+0.0233%	4h	4.7519	−0.029%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7443	−0.189%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7485	−0.100%	$66K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0495%	1h	4.7370	−0.342%	$9K	$204K	10x	as long as short