Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.031%

Price spread now: Lighter against Aster−0.133%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1831.831% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.133%, 7d avg −0.031%

Together, before fees+0.467%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.101% cheaper against Aster than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.031%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.411% in total) that is about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITEUSDT	948.33	0	get 0.0000% / 8h	0m 28s	$106K	$17K	20x
Short	Lighter LITE	947.07	0.0032	get 0.0004% / 1h	0m 28s	$25K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.133%Rate

Funding earned: $6.72
Price spread: −0.133% → −0.031%: −$10.14
Slippage, 4 orders: −$175.09
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$186.51
Costs to cover: 1.831%
Break-even: 201.3 days

Slippage from Aster: live order book, 35 min ago; Lighter: live order book, 10 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 Aster live order book, 35 min ago	55.82 bp	119.2 bp −$119	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	1.00 bp	1.8 bp −$2	6.1 bp −$61	doesn't fit	doesn't fit

LITE on 27 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 LITE-PERP-INTX	−0.0120%	1h	946.24	−0.220%	$93K	$215K	10x	as long as short
Bitget LITEUSDT	−0.0098%	8h	947.13	−0.126%	$2.6M	$3.1M	20x	as long as short
BloFin LITE-USDT	−0.0020%	8h	947.55	−0.082%	$217K	$243K	20x	as long as short
Aster LITEUSDTlong	0.0000%	8h	948.33	long leg	$106K	$17K	20x
Extended LITE-USD	0.0000%	1h	946.89	−0.151%	$49K	$247K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.12	−0.127%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.41	−0.097%	$1.8M	$2.0M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.26	−0.112%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	947.95	−0.040%	$8.0M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.25	−0.114%	$260K	$140K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	0.0000%	8h	947.77	−0.058%	$720	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	947.70	−0.066%	$785	$3.7M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	948.16	−0.018%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	947.94	−0.041%	$1.5M	$742K	10x	as long as short
QFEX LITE-USD	+0.0002%	1h	947.20	−0.119%	$1.1M	$3.8M	10x	as long as short
Lighter LITEshort	+0.0032%	1h	947.07	−0.133%	$25K	$104K	10x
Vest LITE-USD-PERP	+0.0046%	1h	946.82	−0.159%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	947.48	−0.089%	$73K	$229K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	947.32	−0.106%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	947.88	−0.047%	$32K	$353K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	946.95	−0.145%	$519K	$59K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	948.16	−0.018%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.40	−0.098%	$921	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	947.31	−0.108%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0213%	1h	947.34	−0.104%	$7.7M	$5.7M	10x	as long as short
edgeX LITEUSDC	+0.0561%	4h	947.85	−0.051%	$63K	$473K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0616%	1h	947.82	−0.053%	$18K	$41K	10x	as long as short