Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0524%/8h= +57.3% APRpaid last 24h +0.092%

Price spread now: Lighter against OKX+0.161%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.161%, 7d avg +0.088%

Together, before fees+0.268%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.074% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7062	−0.0428	get 0.0214% / 4h	1h 37m	$25.3M	$62.0M	50x
Short	Lighter LIT	4.7138	0.0096	get 0.0012% / 1h	37m 37s	$59.3M	$29.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.161%Rate

Funding earned: $109.96
Price spread: +0.161% → +0.088%: $7.37
Slippage, 4 orders: −$19.54
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $87.79
Costs to cover: 0.295%
Break-even: 1.4 days

Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 6 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 OKX live order book, 1 min ago	0.11 bp	9.3 bp −$9	23.4 bp −$234	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.63 bp	2.3 bp −$2	16.7 bp −$167	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	−0.1064%	4h	4.7080	+0.038%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0985%	1h	4.7082	+0.044%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0702%	1h	4.7094	+0.068%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0628%	4h	4.7029	−0.070%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7010	−0.110%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0524%	4h	4.7040	−0.047%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAPlong	−0.0428%	4h	4.7062	long leg	$25.3M	$62.0M	50x
Bullet LIT-USD	−0.0341%	1h	4.7049	−0.028%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0305%	4h	4.7064	+0.004%	$42.5M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0288%	4h	4.7122	+0.127%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0227%	1h	4.7156	+0.200%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	+0.239%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.401%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7104	+0.089%	$785K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0039%	1h	4.7043	−0.039%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.359%	$245K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7124	+0.132%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7073	+0.024%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7131	+0.148%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.078%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0044%	1h	4.7065	+0.006%	$1K	$467K	5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.293%	$287K	$310K	10x	as long as short
Binance LITUSDT	+0.0058%	4h	4.7045	−0.036%	$74.6M	$81.1M	75x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7043	−0.040%	$5.6M	$4.2M	100x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7064	+0.004%	$147K	$44K	3x	as long as short
Lighter LITshort	+0.0096%	1h	4.7138	+0.161%	$59.3M	$29.4M	5x
Hyperliquid LIT	+0.0100%	1h	4.7136	+0.157%	$210.1M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7127	+0.138%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7103	+0.088%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7078	+0.034%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.183%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	+0.081%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.272%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7090	+0.059%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7139	+0.164%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7083	+0.045%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.159%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7063	+0.003%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0241%	4h	4.7096	+0.072%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7106	+0.093%	$31K	$840K	33x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7143	+0.172%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7115	+0.113%	$59K	—	50x	as long as short