Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0720%/8h= +78.9% APRpaid last 24h +0.155%

Price spread now: Lighter against Orderly+0.224%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

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: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.224% dearer against Orderly than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7405	−0.0624	get 0.0312% / 4h	1h 11m	$32K	$2K	10x
Short	Lighter LIT	4.7511	0.0096	get 0.0012% / 1h	11m 01s	$59.8M	$29.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.224%Rate

Funding earned: $151.3
Price spread: +0.224% → 0.000%: $22.36
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $167.67
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 8 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	0.11 bp	4.0 bp −$4	8.1 bp −$81	doesn't fit	doesn't fit

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
Gate LIT_USDT	−0.1204%	4h	4.7490	+0.179%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0714%	1h	4.7444	+0.083%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0674%	1h	4.7476	+0.150%	$666K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0624%	4h	4.7405	long leg	$32K	$2K	10x
01 Exchange LITUSD	−0.0560%	1h	4.7382	−0.049%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0505%	4h	4.7420	+0.032%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0468%	4h	4.7452	+0.099%	$25.7M	$63.3M	50x	as long as short
Bullet LIT-USD	−0.0326%	1h	4.7425	+0.043%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0261%	4h	4.7453	+0.101%	$42.8M	$30.2M	75x	as long as short
Aftermath Perps LITUSD	−0.0253%	1h	4.7189	−0.455%	$10K	$202K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0248%	4h	4.7455	+0.105%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7507	+0.215%	$672K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0134%	4h	4.7261	−0.303%	$900K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7460	+0.116%	$812K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.449%	$204K	$327K	5x	as long as short
Nado LIT-PERP	−0.0004%	1h	4.7395	−0.020%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7503	+0.207%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7433	+0.059%	$32K	$839K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7481	+0.160%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0006%	8h	4.7390	−0.032%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.340%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0061%	4h	4.7175	−0.486%	$287K	$309K	10x	as long as short
MEXC LIT_USDT	+0.0062%	4h	4.7432	+0.057%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0062%	4h	4.7421	+0.034%	$75.3M	$80.9M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7430	+0.052%	$148K	$44K	3x	as long as short
Lighter LITshort	+0.0096%	1h	4.7511	+0.224%	$59.8M	$29.9M	5x
Hyperliquid LIT	+0.0100%	1h	4.7530	+0.264%	$212.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7492	+0.183%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7455	+0.105%	$608K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7429	+0.051%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6888	−1.091%	$117K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	+0.137%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7280	−0.264%	$55K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7438	+0.070%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7491	+0.181%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7404	−0.002%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7448	+0.091%	$1K	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7467	+0.131%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7435	+0.064%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7526	+0.255%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0249%	4h	4.7426	+0.044%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7485	+0.169%	$62K	—	50x	as long as short