Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.035%

Price spread now: Lighter against Bybit−0.108%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.413%+$41 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.108%, 7d avg +0.035%

Together, before fees+0.581%+ Points / potential airdropLighter: Season 3 · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.143% cheaper against Bybit than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.035%). If the spread goes back, that is −$14 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.413% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITEUSDT	966.40	0	get 0.0000% / 8h	7h 06m	$1.9M	$1.6M	25x
Short	Lighter LITE	965.36	0.0032	get 0.0004% / 1h	6m 22s	$27K	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.108%Rate

Funding earned: $6.72
Price spread: −0.108% → +0.035%: −$14.29
Slippage, 4 orders: −$23.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.54
Costs to cover: 0.350%
Break-even: 51.3 days

Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 48 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 Bybit live order book, 5 min ago	3.37 bp	11.3 bp −$11	81.9 bp −$819	doesn't fit	doesn't fit
Sell Lighter live order book, 48 min ago	0.98 bp	2.0 bp −$2	5.2 bp −$52	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	−0.0096%	1h	960.78	−0.582%	$111K	$212K	10x	as long as short
BloFin LITE-USDT	−0.0028%	8h	966.42	+0.002%	$226K	$237K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	966.56	+0.017%	$108K	$17K	20x	as long as short
Bybit LITEUSDTlong	0.0000%	8h	966.40	long leg	$1.9M	$1.6M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	965.46	−0.097%	$3.8M	$17.9M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	966.16	−0.025%	$8.1M	$5.9M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	965.77	−0.065%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	965.76	−0.066%	$560	$206K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	966.00	−0.041%	$707	$4.0M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	966.24	−0.017%	$7K	$31K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITEUSDT	0.0000%	8h	966.42	+0.002%	$1.5M	$682K	10x	as long as short
QFEX LITE-USD	+0.0014%	1h	965.52	−0.091%	$1.1M	$5.2M	10x	as long as short
Lighter LITEshort	+0.0032%	1h	965.36	−0.108%	$27K	$101K	10x
Vest LITE-USD-PERP	+0.0046%	1h	965.42	−0.101%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	965.80	−0.062%	$75K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	965.45	−0.098%	$168K	$165K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	965.47	−0.096%	$521K	$38K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	965.17	−0.127%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	965.93	−0.049%	$939	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	965.91	−0.051%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0175%	1h	965.86	−0.056%	$23K	$10K	10x	as long as short
tradeXYZ xyz:LITE	+0.0247%	1h	965.78	−0.064%	$7.3M	$5.0M	10x	as long as short
Variational Omni LITE	+0.0256%	8h	965.16	−0.128%	$243K	$141K	—	as long as short
edgeX LITEUSDC	+0.0264%	4h	965.57	−0.086%	$73K	$456K	10x	as long as short
Extended LITE-USD	+0.0360%	1h	965.57	−0.086%	$9K	$203K	10x	as long as short
Binance LITEUSDT	+0.0362%	8h	966.01	−0.040%	$13.8M	$44.0M	25x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0424%	1h	965.67	−0.076%	$19K	$37K	10x	as long as short