Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG600.1500.0000% / 8h16m 21s$1.3M$757K10xLong Phemex
SHORT600.99+0.0320get 0.0040% / 1h16m 21s$610K$223K10xShort Lighter7d free
Price gap+0.141%
Funding gap+0.0320% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 0.181% above its 7d average: +$18 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$68+0.0320% /8h now · paid +0.680% over the last 7D
Price+$18spread +0.141% now, avg −0.040% → +0.181% if it goes back
Costs−$3843.844% of $10k · taker + slippage, in and out
Result−$298−2.98%+ Points / potential airdropLighter: Season 3 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.141%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

LITE on 31 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size135.2 / 1.3 bp
    At $10k entering Phemex costs 135.2 bp, fee and slippage, 108.0× Lighter’s.
  • Note: Margin at max leverage$1,000 + $1,000
    Phemex 10x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$9.60Long Phemex: 3 payments, $0.00; short Lighter: 24 payments, +$9.60.
  • OK: Entry gap works for you+0.141% vs −0.040%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$610K vs $1.3M OI
    Lighter sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCPhemex Yes · Lighter No
    KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0324%/8h × 21 periods+$68.01
Price spread+0.141% → −0.040% (7d avg)+$18.06
Slippage, 4 orderslive order books−$372.35
Fee Phemex bp × 2 orders−$12.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$298.28
Costs to cover3.844%Break-even37.7 days
Slippage: Phemex: live order book, 5 min ago; Lighter: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPhemex27.58135.2 bp−$135doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter1.251.3 bp−$170.1 bp−$701doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

LITE news

posts that mention LITE or Lumentum, from every exchange
11-02 16:30Vest MarketsOther$MRVL is down over 7% on today's session, alongside its $115B all-stock deal to buy Lumentum. Lumentum holders receive 4.5 Marvell shares each, for about 33% of the combined company, with closing expected in the first half of 2028. $MRVL also said preliminary fiscal Q3 revenue is in line with guidance, narrowing the range to plus or minus 2%. @VestExchange on X ↗
10-10 15:02Ondo PerpsOtherThe most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗
10-01 15:30Vest MarketsOtherOptical and foundry names are leading the tape, with $LITE up around 10% and $TSEM around 8%. $TSEM joined the PHLX Semiconductor Sector Index, while Bernstein started $LITE at Outperform with a $1,220 target. $LITE revenue more than doubled to $1.01B. Equipment names are also higher, with $AMAT up around 3%, $GLW around 3% and $CRDO around 5%. @VestExchange on X ↗
09-18 17:43AvantisOtherAI infra. $ARM — AGI CPU upside, or competing with the licensees who pay the royalties? $DELL — AI server winner, or custom racks eating the margin? $WDC — pricing power that's structurally re-rated, or peak-cycle earnings on a multiple that assumes it never breaks? $LITE — OCS and in-rack optics expanding the TAM, or a supply-constrained component vendor with three customers? $NBIS — Meta-scale neocloud winner, or thin-margin GPU landlord? $IREN — miner→AI cloud with real MW, or leveraged GPU financing? $BE — fuel cells unlocking AI power, or a multiple that needs a broken grid? @verantaxyz on X ↗
09-17 10:29DeribitListing🚨 More equity and commodity perpetuals are now live on Deribit Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL ↓ @DeribitOfficial on X ↗
09-16 15:02DeribitListing🚨 More To Trade. Tomorrow, September 17, 2026, at 10:00 AM UTC, 11 more equity perpetual markets and 4 commodity perpetuals will go live on Deribit. All settled in USDC. Equities LITE · SKHY · SOXL · CBRS · SNDK · ARM · BE · NBIS · EWY · MU · DRAM Commodities GOLD · SILVER · BRENTOIL · WTIOIL This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Disclaimer: Equity & Commodity perpetuals are offered by Deribit FZE under its Limited Licence Approval from VARA, and are subject to the conditions, client eligibility criteria and restrictions of that approval. @DeribitOfficial on X ↗