Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.004%

Price spread now: Lighter against MEXC+0.196%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$190.185% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.196%, 7d avg +0.112%

Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.084% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.7384	0.0060	pay 0.0030% / 4h	1h 09m	$5.7M	$4.2M	100x
Short	Lighter LIT	4.7477	0.0096	get 0.0012% / 1h	9m 41s	$59.8M	$30.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.196%Rate

Funding earned: $7.56
Price spread: +0.196% → +0.112%: $8.42
Slippage, 4 orders: −$14.53
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.55
Costs to cover: 0.185%
Break-even: 9.4 days

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 9 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 MEXC live order book, 3 min ago	0.10 bp	3.7 bp −$4	51.3 bp −$513	329.7 bp −$33.0K	doesn't fit
Sell Lighter live order book, 9 min ago	0.11 bp	4.0 bp −$4	8.1 bp −$81	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
Gate LIT_USDT	−0.1188%	4h	4.7500	+0.245%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0810%	1h	4.7495	+0.234%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0659%	1h	4.7485	+0.213%	$666K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0626%	4h	4.7443	+0.125%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7447	+0.133%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0505%	4h	4.7470	+0.181%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0468%	4h	4.7397	+0.027%	$25.7M	$63.3M	50x	as long as short
Bullet LIT-USD	−0.0329%	1h	4.7492	+0.228%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0251%	1h	4.7246	−0.290%	$10K	$202K	10x	as long as short
Bybit LITUSDT	−0.0245%	4h	4.7416	+0.068%	$42.8M	$30.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0238%	4h	4.7447	+0.133%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7507	+0.259%	$672K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0134%	4h	4.7261	−0.259%	$900K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7536	+0.320%	$813K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.405%	$204K	$327K	5x	as long as short
Nado LIT-PERP	−0.0006%	1h	4.7505	+0.255%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7493	+0.230%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7515	+0.276%	$32K	$839K	33x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7375	−0.018%	$7K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7552	+0.354%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.384%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7399	+0.032%	$75.3M	$81.0M	75x	as long as short
MEXC LIT_USDTlong	+0.0060%	4h	4.7384	long leg	$5.7M	$4.2M	100x
edgeX LITUSDC	+0.0061%	4h	4.7175	−0.442%	$287K	$309K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7470	+0.182%	$148K	$44K	3x	as long as short
Lighter LITshort	+0.0096%	1h	4.7477	+0.196%	$59.8M	$30.0M	5x
Hyperliquid LIT	+0.0100%	1h	4.7541	+0.332%	$212.4M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7476	+0.194%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7459	+0.158%	$615K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7421	+0.078%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	+0.025%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7440	+0.118%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7280	−0.219%	$55K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7524	+0.295%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7547	+0.344%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7460	+0.160%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7450	+0.139%	$994	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7467	+0.175%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7425	+0.087%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7534	+0.317%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0249%	4h	4.7426	+0.089%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7548	+0.346%	$62K	—	50x	as long as short