Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter against Derive+0.021%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.021% dearer against Derive than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive LIT-PERP | 4.6969 | 0.0100 | pay 0.0013% / 1h | 9m 46s | $2K | — | 6.7x |
| Short | Lighter LIT | 4.6979 | 0.0096 | get 0.0012% / 1h | 9m 46s | $58.5M | $28.9M | 5x |
Derive LIT-PERP
Lighter LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.021% → 0.000%
- $2.09
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.75
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.27 bp | 6.9 bp −$7 | 18.7 bp −$187 | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0519% | 1h | 4.6930 | −0.083% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0380% | 4h | 4.6869 | −0.213% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0304% | 1h | 4.6938 | −0.066% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0255% | 1h | 4.6928 | −0.087% | $84K | $68K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0119% | 1h | 4.6960 | −0.020% | $56K | $76K | 50x | as long as short |
| Gate LIT_USDT | −0.0094% | 4h | 4.6940 | −0.062% | $2.8M | $4.3M | 50x | as long as short |
| Phoenix LIT | −0.0085% | 1h | 4.7086 | +0.249% | $203K | $341K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −0.361% | $611K | $411K | 50x | as long as short |
| Phemex LITUSDT | −0.0010% | 4h | 4.6920 | −0.105% | $1.4M | $2.8M | 20x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6972 | +0.005% | $11K | — | 150x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
ApeX Omni LITUSDT
Gate LIT_USDT
Phoenix LIT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | +0.0005% | 1h | 4.6981 | +0.024% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | +0.0015% | 4h | 4.6939 | −0.064% | $25.2M | $61.8M | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.280% | $422 | $178K | 5.5x | as long as short |
| KuCoin LITUSDTM | +0.0044% | 4h | 4.6986 | +0.036% | $5.2M | $1.0M | 30x | as long as short |
| Paradex LIT-USD-PERP | +0.0074% | 8h | 4.6963 | −0.014% | $7K | $2K | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0082% | 4h | 4.7009 | +0.084% | $905K | $1.8M | 10x | as long as short |
| Bybit LITUSDT | +0.0085% | 4h | 4.6921 | −0.103% | $41.6M | $28.5M | 75x | as long as short |
| Lighter LITshort | +0.0096% | 1h | 4.6979 | +0.021% | $58.5M | $28.9M | 5x | |
| Lighter RH LIT | +0.0096% | 1h | 4.6998 | +0.061% | $3.6M | $13.4M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.7000 | +0.066% | $784K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6965 | −0.009% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6975 | +0.012% | $209.9M | $41.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6997 | +0.059% | $581K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6906 | −0.134% | $74.7M | $79.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6988 | +0.040% | $123K | $454K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6907 | −0.132% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6960 | −0.020% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.6956 | −0.028% | $665K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7007 | +0.081% | $286K | $302K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6974 | +0.010% | $439K | $110K | 10x | as long as short |
| Derive LIT-PERPlong | +0.0100% | 1h | 4.6969 | long leg | $2K | — | 6.7x | |
| SunX LIT-USDT | +0.0100% | 4h | 4.6952 | −0.037% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6945 | −0.051% | $2K | $397K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7012 | +0.091% | $199K | $388K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7305 | +0.715% | $118K | $973 | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6898 | −0.152% | $5.2M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6954 | −0.032% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0203% | 1h | 4.7068 | +0.209% | $9K | $205K | 10x | as long as short |
| Aster LITUSDT | +0.0214% | 4h | 4.6967 | −0.004% | $12.6M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6970 | +0.002% | $1.6M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0416% / S −0.0213% | 1h | 4.6958 | −0.024% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6989 | +0.042% | $31K | $814K | 33x | as long as short |
dYdX LIT-USD
OKX LIT-USDT-SWAP
Injective LIT/USDC PERP
KuCoin LITUSDTM
Paradex LIT-USD-PERP
GRVT LIT_USDT_Perp
Bybit LITUSDT
Lighter RH LIT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT