Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.023%

Price spread now: Perpl against Lighter RH+0.026%7-day average −0.131% · you sell dearer than you buy

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

Long on Lighter RH Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.026%, 7d avg −0.131%

Together, before fees−0.442%+ Points / potential airdropLighter RH: Points live · Perpl: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Perpl is 0.157% dearer against Lighter RH than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.131%. Mind the row above: over the last 7 days funding on this pair cost −0.362%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.6708	0.0096	pay 0.0012% / 1h	48m 02s	$3.6M	$13.1M	5x
Short	Perpl LIT	4.6720	0.0335	get 0.0030% / 43m	19m 02s	$31K	$794K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.026%Rate

Funding earned: $50.17
Price spread: +0.026% → −0.131%: $15.68
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $52.05
Costs to cover: 0.138%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 6 min ago; Perpl: 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, 6 min ago	0.53 bp	4.4 bp −$4	12.9 bp −$129	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.0520%	1h	4.6605	−0.221%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6616	−0.197%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0358%	1h	4.6666	−0.089%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0277%	1h	4.6671	−0.080%	$84K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0252%	1h	4.6681	−0.058%	$661K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0216%	4h	4.6680	−0.060%	$2.7M	$4.2M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.299%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0132%	4h	4.6610	−0.210%	$1.3M	$2.8M	20x	as long as short
ApeX Omni LITUSDT	−0.0038%	1h	4.6740	+0.069%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.6719	+0.024%	$201K	$305K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0034%	4h	4.6660	−0.103%	$41.2M	$28.6M	75x	as long as short
KuCoin LITUSDTM	−0.0030%	4h	4.6730	+0.047%	$5.2M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6722	+0.029%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	0.0000%	4h	4.6666	−0.090%	$25.1M	$61.2M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6708	0.000%	$11K	—	150x	as long as short
Extended LIT-USD	+0.0016%	1h	4.6655	−0.113%	$5.1M	$5.0M	25x	as long as short
Polymarket Perps LIT-USD	+0.0027%	1h	4.6677	−0.066%	$436K	$109K	10x	as long as short
Nado LIT-PERP	+0.0028%	1h	4.6653	−0.117%	$2.1M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.852%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0061%	8h	4.6634	−0.159%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6863	+0.332%	$908K	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6702	−0.012%	$779K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6693	−0.032%	$58.2M	$28.5M	5x	as long as short
Lighter RH LITlong	+0.0096%	1h	4.6708	long leg	$3.6M	$13.1M	5x
Hyperliquid LIT	+0.0100%	1h	4.6727	+0.041%	$208.9M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6678	−0.064%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6642	−0.141%	$74.5M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6705	−0.006%	$121K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6887	+0.383%	$117K	$973	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6667	−0.088%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6700	−0.017%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6866	+0.339%	$286K	$303K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6693	−0.031%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6683	−0.054%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6649	−0.126%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6716	+0.017%	$197K	$388K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6638	−0.150%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0156%	1h	4.6797	+0.191%	$8K	$206K	10x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6721	+0.028%	$12.5M	$2.0M	50x	as long as short
Perpl LITshort	+0.0335%	43m	4.6720	+0.026%	$31K	$794K	33x
BloFin LIT-USDT	+0.0340%	4h	4.6686	−0.047%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6701	−0.015%	$62K	—	50x	as long as short