LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: Lighter against Bulk+0.116%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Bulk Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.165%+$17 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.116%, 7d avg +0.087%

Together, before fees+0.346%+ Points / potential airdropLighter: Season 3 · farm board+$35 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 0.029% dearer against Bulk than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.7462	0.0100	pay 0.0013% / 1h	31m 16s	$118K	$7K	10x
Short	Lighter LIT	4.7517	0.0096	get 0.0012% / 1h	31m 16s	$59.2M	$27.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bulk. 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 BulkbpFee LighterbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$0.84
Price spread: +0.116% → +0.087%: $2.94
Slippage, 4 orders: −$16.93
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.83
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Bulk: live order book, 18 min ago; Lighter: live order book, 8 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 Bulk live order book, 18 min ago	0.95 bp	7.1 bp −$7	14.1 bp −$141	38.8 bp −$3,883	doesn't fit
Sell Lighter live order book, 8 min ago	0.10 bp	6.0 bp −$6	13.5 bp −$135	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.341%	$612K	$347K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7417	−0.095%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0326%	4h	4.7470	+0.017%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.7496	+0.072%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0198%	4h	4.7406	−0.119%	$880K	$1.9M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0184%	1h	4.7466	+0.008%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.7441	−0.044%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0137%	4h	4.7450	−0.025%	$25.5M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7563	+0.213%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7495	+0.069%	$819K	$2.2M	5x	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	4.7491	+0.060%	$34K	—	5x	as long as short
Bybit LITUSDT	0.0000%	4h	4.7471	+0.019%	$41.2M	$28.6M	75x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7489	+0.057%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7492	+0.063%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.218%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7430	−0.067%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7517	+0.116%	$59.2M	$27.8M	5x
Nado LIT-PERP	+0.0100%	1h	4.7480	+0.039%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7539	+0.162%	$212.9M	$40.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7503	+0.087%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7452	−0.020%	$76.2M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7505	+0.091%	$118K	$462K	5x	as long as short
Bulk LIT-USDlong	+0.0100%	1h	4.7462	long leg	$118K	$7K	10x
Gate LIT_USDT	+0.0100%	4h	4.7470	+0.017%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7451	−0.023%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7510	+0.101%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7492	+0.063%	$665K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7385	−0.162%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7420	−0.088%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7462	0.000%	$446K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7484	+0.047%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7408	−0.114%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7472	+0.021%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7433	−0.061%	$201K	$345K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7442	−0.041%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7452	−0.022%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7528	+0.139%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0217%	4h	4.7515	+0.112%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7396	−0.139%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0440% / S −0.0231%	1h	4.7467	+0.011%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7475	+0.028%	$31K	$685K	33x	as long as short
Aftermath Perps LITUSD	+0.0459%	1h	4.7522	+0.126%	$8K	$204K	10x	as long as short