Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h +0.098%

Price spread now: Lighter RH against Phemex+0.130%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.496%+$50 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now +0.130%, 7d avg +0.187%

Together, before fees+0.680%+ Points / potential airdropLighter RH: Points live · farm board+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.057% cheaper against Phemex than usual: you would sell low and buy high (spread +0.130% now, against its 7-day average of +0.187%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.496% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7760	−0.0409	get 0.0205% / 4h	2h 36m	$1.4M	$2.8M	20x
Short	Lighter RH LIT	4.7822	0.0184	get 0.0023% / 1h	36m 08s	$3.7M	$13.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phemex. 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 PhemexbpFee Lighter RHbpOrdersPrice spread, now +0.130%Rate

Funding earned: $124.56
Price spread: +0.130% → +0.187%: −$5.68
Slippage, 4 orders: −$58.07
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $48.81
Costs to cover: 0.701%
Break-even: 4.3 days

Slippage from Phemex: live order book, 2 min ago; Lighter RH: live order book, 3 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 Phemex live order book, 2 min ago	4.21 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	3.26 bp	4.1 bp −$4	16.0 bp −$160	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.963%	$612K	$347K	50x	as long as short
Phemex LITUSDTlong	−0.0409%	4h	4.7760	long leg	$1.4M	$2.8M	20x
Orderly PERP_LIT_USDC	−0.0375%	4h	4.7693	−0.140%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.7708	−0.109%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0204%	4h	4.7462	−0.624%	$899K	$1.8M	10x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.7699	−0.128%	$86K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0142%	4h	4.7758	−0.004%	$25.7M	$61.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0089%	1h	4.7733	−0.056%	$42K	$40K	10x	as long as short
Bybit LITUSDT	−0.0034%	4h	4.7765	+0.010%	$41.6M	$28.6M	75x	as long as short
Phoenix LIT	−0.0017%	1h	4.7579	−0.379%	$205K	$283K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0012%	1h	4.7730	−0.063%	$822K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7723	−0.078%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7739	−0.043%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0012%	4h	4.7744	−0.034%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.586%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7679	−0.169%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7821	+0.128%	$59.6M	$27.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7670	−0.188%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7846	+0.180%	$214.3M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7719	−0.086%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7758	−0.004%	$76.7M	$77.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7726	−0.071%	$118K	$463K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7760	0.000%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7756	−0.008%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7780	+0.042%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7772	+0.025%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7387	−0.780%	$290K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7390	−0.775%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7718	−0.088%	$448K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7752	−0.018%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7669	−0.191%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7731	−0.061%	$1K	$351K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7785	+0.052%	$202K	$347K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	−0.951%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7720	−0.083%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7729	−0.065%	$149K	—	3x	as long as short
Lighter RH LITshort	+0.0184%	1h	4.7822	+0.130%	$3.7M	$13.0M	5x
Aster LITUSDT	+0.0216%	4h	4.7833	+0.153%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7663	−0.203%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0426%	1h	4.7512	−0.518%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0440% / S −0.0231%	1h	4.7740	−0.041%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7725	−0.072%	$32K	$688K	33x	as long as short