Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against Binance+0.244%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 7 days−0.277%−$28 · spread now +0.244%, 7d avg +0.115%

Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.129% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7764	0.0100	pay 0.0050% / 4h	3h 32m	$76.7M	$73.2M	75x
Short	Lighter LIT	4.7881	0.0096	get 0.0012% / 1h	32m 29s	$59.6M	$26.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.244%Rate

Funding earned: −$0.84
Price spread: +0.244% → +0.115%: $12.88
Slippage, 4 orders: −$27.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.31
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Lighter: live order book, 7 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 Binance live order book, 10 min ago	0.94 bp	17.5 bp −$18	37.0 bp −$370	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.31 bp	4.1 bp −$4	12.4 bp −$124	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
01 Exchange LITUSD	−0.0496%	1h	4.7715	−0.103%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0426%	4h	4.7979	+0.449%	$894K	$2.0M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0394%	4h	4.7747	−0.036%	$33K	$313	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0323%	1h	4.7819	+0.114%	$42K	$39K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7938	+0.364%	$607K	$349K	50x	as long as short
Bullet LIT-USD	−0.0229%	1h	4.7788	+0.049%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.7767	+0.006%	$25.8M	$58.7M	50x	as long as short
Gate LIT_USDT	−0.0162%	4h	4.7850	+0.179%	$2.8M	$4.0M	50x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7960	+0.410%	$57K	$75K	50x	as long as short
Bybit LITUSDT	−0.0093%	4h	4.7760	−0.009%	$41.5M	$27.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7832	+0.142%	$34K	—	5x	as long as short
Backpack LIT_USDC_PERP	+0.0002%	1h	4.7828	+0.133%	$682K	$986K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7853	+0.186%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8016	+0.527%	$206K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.577%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0047%	1h	4.7735	−0.061%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7817	+0.111%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7881	+0.244%	$59.6M	$26.1M	5x
Lighter RH LIT	+0.0096%	1h	4.7892	+0.267%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7859	+0.198%	$216.2M	$38.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7817	+0.110%	$672K	$1.8M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.7764	long leg	$76.7M	$73.2M	75x
Arcus LIT-USD	+0.0100%	1h	4.7806	+0.087%	$127K	$420K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	+0.302%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7791	+0.056%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7825	+0.127%	$5.5M	$901K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	+0.096%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7979	+0.449%	$294K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7795	+0.064%	$445K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.559%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7756	−0.018%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7821	+0.119%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8019	+0.533%	$193K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7820	+0.116%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7793	+0.059%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7696	−0.143%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7816	+0.109%	$802K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0275%	4h	4.7849	+0.178%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7977	+0.445%	$32K	$627K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7797	+0.068%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7816	+0.107%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0503%	1h	4.7997	+0.487%	$10K	$201K	10x	as long as short