Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.008%

Price spread now: Binance against Lighter−0.039%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.319%−$32 on $10k

Price spread, last 2 days (all we have)+0.049%+$5 · spread now −0.039%, 7d avg +0.009%

Together, before fees−0.270%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.048% cheaper against Lighter than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.009%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.319%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LITE	960.63	0.0032	pay 0.0004% / 1h	23m 55s	$27K	$101K	10x
Short	Binance LITEUSDT	960.25	0.0292	get 0.0292% / 8h	6h 23m	$13.7M	$44.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.039%Rate

Funding earned: $54.57
Price spread: −0.039% → +0.009%: −$4.79
Slippage, 4 orders: −$17.27
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $22.51
Costs to cover: 0.273%
Break-even: 4.1 days

Slippage from Lighter: live order book, 25 min ago; Binance: 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 Lighter live order book, 25 min ago	1.09 bp	2.1 bp −$2	5.1 bp −$51	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.88 bp	11.9 bp −$12	22.2 bp −$222	81.0 bp −$8,096	doesn't fit

LITE on 26 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	−0.0232%	1h	965.50	+0.507%	$111K	$195K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.96	+0.034%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.37	−0.027%	$1.9M	$1.6M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.40	−0.024%	$3.8M	$17.7M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	960.81	+0.019%	$8.0M	$6.0M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.42	−0.022%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	960.50	−0.014%	$893	$192K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	960.50	−0.014%	$727	$3.9M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	960.39	−0.025%	$19K	$37K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.37	−0.027%	$7K	$32K	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITEUSDT	0.0000%	8h	961.00	+0.039%	$1.5M	$683K	10x	as long as short
QFEX LITE-USD	+0.0028%	1h	960.40	−0.024%	$1.1M	$5.0M	10x	as long as short
Lighter LITElong	+0.0032%	1h	960.63	long leg	$27K	$101K	10x
Vest LITE-USD-PERP	+0.0046%	1h	959.90	−0.076%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.58	−0.005%	$75K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.89	+0.027%	$168K	$163K	10x	as long as short
SoDEX LITE-USD	+0.0095%	1h	960.49	−0.015%	$23K	$10K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.15	−0.050%	$519K	$39K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	959.79	−0.087%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.48	−0.016%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.56	−0.007%	—	—	10x	as long as short
Variational Omni LITE	+0.0175%	8h	961.32	+0.071%	$266K	$147K	—	as long as short
tradeXYZ xyz:LITE	+0.0177%	1h	960.47	−0.017%	$7.2M	$5.2M	10x	as long as short
Extended LITE-USD	+0.0288%	1h	960.24	−0.041%	$10K	$201K	10x	as long as short
Binance LITEUSDTshort	+0.0292%	8h	960.25	−0.039%	$13.7M	$44.0M	25x
edgeX LITEUSDC	+0.0637%	4h	960.58	−0.005%	$70K	$454K	10x	as long as short