LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.044%

Price spread now: Lighter RH against Backpack+0.086%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Backpack Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 7 days−0.392%−$39 · spread now +0.086%, 7d avg −0.125%

Together, before fees−0.144%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.211% dearer against Backpack than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7837	0.0100	pay 0.0013% / 1h	35m 22s	$689K	$1.4M	5x
Short	Lighter RH LIT	4.7878	0.0176	get 0.0022% / 1h	35m 22s	$3.7M	$13.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Backpack. 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 BackpackbpFee Lighter RHbpOrdersPrice spread, now +0.086%Rate

Funding earned: $15.96
Price spread: +0.086% → −0.125%: $21.1
Slippage, 4 orders: −$13.05
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $14.01
Costs to cover: 0.230%
Break-even: 0.9 days

Slippage from Backpack: live order book, 4 min ago; Lighter RH: 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 Backpack live order book, 4 min ago	2.19 bp	7.5 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.30 bp	4.2 bp −$4	14.1 bp −$141	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
Deribit LIT_USDC-PERPETUAL	−0.0899%	1h	4.7737	−0.208%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0512%	4h	4.7703	−0.280%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7744	−0.194%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7767	−0.146%	$85K	$75K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0226%	4h	4.7752	−0.178%	$26.0M	$64.5M	50x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7793	−0.092%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7831	−0.013%	$676K	$406K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7765	−0.151%	$208K	$361K	5x	as long as short
ApeX Omni LITUSDT	−0.0032%	1h	4.7760	−0.161%	$56K	$77K	50x	as long as short
Perpl LIT	0.0000%	43m	4.7837	0.000%	$32K	$858K	33x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7816	−0.044%	$35K	—	150x	as long as short
dYdX LIT-USD	+0.0005%	1h	4.7822	−0.031%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0015%	1h	4.7780	−0.119%	$2.2M	$1.7M	10x	as long as short
Phemex LITUSDT	+0.0024%	4h	4.7790	−0.098%	$1.4M	$2.7M	20x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.424%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0043%	8h	4.7756	−0.170%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0048%	4h	4.7763	−0.154%	$918K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7857	+0.042%	$59.9M	$29.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7879	+0.087%	$12.8M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7819	−0.038%	$594K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7753	−0.176%	$76.2M	$81.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7750	−0.182%	$43.0M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7815	−0.046%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7740	−0.203%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7790	−0.098%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7767	−0.146%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7830	−0.015%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7837	long leg	$689K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7664	−0.362%	$290K	$308K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7794	−0.090%	$452K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7787	−0.104%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7735	−0.213%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7745	−0.192%	$1K	$462K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7843	+0.013%	$191K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7710	−0.265%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7752	−0.177%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7827	−0.021%	$801K	$2.0M	5x	as long as short
Lighter RH LITshort	+0.0176%	1h	4.7878	+0.086%	$3.7M	$13.7M	5x
Hyperliquid LIT	+0.0281%	1h	4.7900	+0.132%	$214.9M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7744	−0.194%	$1.6M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0360%	1h	4.7713	−0.260%	$10K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0396% / S −0.0183%	1h	4.7807	−0.063%	$64K	—	50x	as long as short