LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.052%

Price spread now: Phoenix against Lighter RH−0.019%105s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.404% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.276%−$28 on $10k

Price spread, last 4 days (all we have)+0.709%+$71 · spread now −0.019%, 7d avg −0.014%

Together, before fees+0.434%+ Points / potential airdropLighter RH: Points live · farm board+$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7269	0.0144	pay 0.0018% / 1h	9m 33s	$3.7M	$13.2M	5x
Short	Phoenix LIT	4.7260	−0.0017	pay 0.0002% / 1h	9m 33s	$203K	$299K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$33.8
Price spread: −0.019% → −0.014%: −$0.54
Slippage, 4 orders: −$33.39
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$74.73
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Phoenix: live order book, 42 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, 4 min ago	1.80 bp	2.3 bp −$2	10.5 bp −$105	doesn't fit	doesn't fit
Sell Phoenix live order book, 42 min ago	1.90 bp	16.1 bp −$16	50.2 bp −$502	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
Deribit LIT_USDC-PERPETUAL	−0.0685%	1h	4.7147	−0.258%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7080	−0.400%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0374%	4h	4.7130	−0.294%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0344%	1h	4.7120	−0.315%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0323%	1h	4.7138	−0.277%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.830%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0205%	4h	4.7200	−0.146%	$41.2M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0091%	4h	4.7185	−0.178%	$25.4M	$60.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0088%	1h	4.7130	−0.294%	$56K	$75K	50x	as long as short
KuCoin LITUSDTM	−0.0032%	4h	4.7210	−0.125%	$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 LITshort	−0.0017%	1h	4.7260	−0.019%	$203K	$299K	5x
RISEx LIT/USDC	−0.0008%	1h	4.7215	−0.113%	$787K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7222	−0.100%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7211	−0.122%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7189	−0.169%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.631%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0066%	4h	4.7167	−0.216%	$908K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7152	−0.247%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7257	−0.025%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7185	−0.178%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7252	−0.036%	$211.0M	$40.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7207	−0.131%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7164	−0.222%	$75.7M	$78.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7188	−0.171%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	−0.197%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7210	−0.125%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7162	−0.226%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7240	−0.061%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7199	−0.148%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7179	−0.191%	$289K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7154	−0.243%	$443K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7179	−0.191%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7126	−0.303%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7161	−0.228%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7169	−0.212%	$199K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7173	−0.204%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7117	−0.322%	$147K	—	3x	as long as short
Lighter RH LITlong	+0.0144%	1h	4.7269	long leg	$3.7M	$13.2M	5x
Aster LITUSDT	+0.0235%	4h	4.7240	−0.062%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7149	−0.254%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0421%	1h	4.7219	−0.106%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7181	−0.185%	$65K	—	50x	as long as short