Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against SunX+0.283%7-day average +0.139% · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now +0.283%, 7d avg +0.139%

Together, before fees−0.098%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.145% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7317	0.0100	pay 0.0050% / 4h	29m 36s	$4K	$1.2M	20x
Short	Lighter LIT	4.7451	0.0096	get 0.0012% / 1h	29m 36s	$59.7M	$29.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.283%Rate

Funding earned: −$0.84
Price spread: +0.283% → +0.139%: $14.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.62
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Lighter: live order book, 4 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 SunX live order book, 4 min ago	500.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.10 bp	6.7 bp −$7	16.2 bp −$162	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	−0.0882%	4h	4.7430	+0.239%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0678%	1h	4.7358	+0.087%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0589%	4h	4.7304	−0.027%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7332	+0.032%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0414%	4h	4.7440	+0.260%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0365%	4h	4.7340	+0.049%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0340%	1h	4.7353	+0.076%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0212%	4h	4.7404	+0.184%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.616%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0108%	4h	4.7364	+0.099%	$900K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7369	+0.110%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0050%	4h	4.7390	+0.154%	$42.7M	$30.0M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7402	+0.180%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7405	+0.185%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7398	+0.172%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7420	+0.218%	$816K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0022%	8h	4.7367	+0.106%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.528%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0083%	4h	4.7384	+0.141%	$288K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0086%	4h	4.7363	+0.097%	$5.5M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0088%	4h	4.7386	+0.145%	$75.5M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7339	+0.047%	$148K	$44K	3x	as long as short
Lighter LITshort	+0.0096%	1h	4.7451	+0.283%	$59.7M	$29.9M	5x
Nado LIT-PERP	+0.0100%	1h	4.7430	+0.239%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7421	+0.220%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7431	+0.242%	$590K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7398	+0.171%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	+0.076%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7480	+0.344%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7386	+0.146%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7370	+0.112%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7449	+0.279%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7375	+0.123%	$2K	$650	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7317	long leg	$4K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7352	+0.074%	$984	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.266%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7385	+0.144%	$5.2M	$5.1M	25x	as long as short
Aftermath Perps LITUSD	+0.0152%	1h	4.7501	+0.390%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7464	+0.311%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0214%	1h	4.7516	+0.421%	$213.1M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0326%	4h	4.7352	+0.074%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7388	+0.149%	$62K	—	50x	as long as short