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: Lighter RH against Phoenix−0.061%75s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as 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 Phoenix Short on Lighter RH

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)−0.629%−$63 · spread now −0.061%, 7d avg +0.014%

Together, before fees−0.353%+ Points / potential airdropLighter RH: Points live · farm board−$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.075% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.014%). If the spread goes back, that is −$8 on $10k: about 37 hours of funding at the current rate (+$5 a day). The two prices were read 75 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	Phoenix LIT	4.7260	−0.0017	get 0.0002% / 1h	10m 20s	$203K	$299K	5x
Short	Lighter RH LIT	4.7231	0.0144	get 0.0018% / 1h	10m 20s	$3.7M	$13.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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 PhoenixbpFee Lighter RHbpOrdersPrice spread, now −0.061%Rate

Funding earned: $33.8
Price spread: −0.061% → +0.014%: −$7.5
Slippage, 4 orders: −$33.39
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.09
Costs to cover: 0.404%
Break-even: 9.9 days

Slippage from Phoenix: live order book, 41 min ago; Lighter RH: live order book, 4 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 Phoenix live order book, 41 min ago	1.90 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.80 bp	6.0 bp −$6	13.5 bp −$135	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	−0.239%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7080	−0.381%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0374%	4h	4.7130	−0.275%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0336%	1h	4.7094	−0.351%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0323%	1h	4.7138	−0.258%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.811%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0185%	4h	4.7160	−0.212%	$41.1M	$28.8M	75x	as long as short
ApeX Omni LITUSDT	−0.0088%	1h	4.7130	−0.275%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0088%	4h	4.7151	−0.231%	$25.4M	$60.7M	50x	as long as short
KuCoin LITUSDTM	−0.0028%	4h	4.7178	−0.174%	$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 LITlong	−0.0017%	1h	4.7260	long leg	$203K	$299K	5x
RISEx LIT/USDC	−0.0008%	1h	4.7202	−0.124%	$787K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7192	−0.145%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7211	−0.103%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7189	−0.150%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.650%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0066%	4h	4.7167	−0.197%	$908K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7086	−0.368%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7226	−0.072%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7136	−0.261%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7231	−0.061%	$210.9M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7153	−0.226%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7136	−0.262%	$75.6M	$78.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7170	−0.190%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	−0.178%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7160	−0.212%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7128	−0.279%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7180	−0.169%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7183	−0.163%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7179	−0.172%	$289K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7154	−0.224%	$443K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7179	−0.172%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7126	−0.284%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7161	−0.209%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7169	−0.193%	$199K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7132	−0.271%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7117	−0.303%	$147K	—	3x	as long as short
Lighter RH LITshort	+0.0144%	1h	4.7231	−0.061%	$3.7M	$13.2M	5x
Aster LITUSDT	+0.0236%	4h	4.7213	−0.099%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7149	−0.235%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0421%	1h	4.7219	−0.087%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7181	−0.166%	$65K	—	50x	as long as short