Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.071%

Price spread now: Lighter against Gate+0.087%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.657% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.087%, 7d avg +0.061%

Together, before fees+0.209%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7100	−0.0002	get 0.0001% / 4h	2h 00m	$2.8M	$4.3M	50x
Short	Lighter LIT	4.7141	0.0096	get 0.0012% / 1h	0m 14s	$59.0M	$29.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.087%Rate

Funding earned: $20.58
Price spread: +0.087% → +0.061%: $2.63
Slippage, 4 orders: −$50.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.45
Costs to cover: 0.657%
Break-even: 21.4 days

Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 9 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 Gate live order book, 3 min ago	1.07 bp	24.3 bp −$24	72.6 bp −$726	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.64 bp	3.7 bp −$4	13.8 bp −$138	doesn't fit	doesn't fit

LIT on 41 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	−0.0480%	1h	4.7089	−0.023%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0417%	4h	4.7039	−0.130%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0297%	1h	4.7080	−0.043%	$85K	$67K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0296%	1h	4.7076	−0.051%	$41K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.6953	−0.313%	$898K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	−0.234%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.604%	$670K	$370K	50x	as long as short
ApeX Omni LITUSDT	−0.0069%	1h	4.6920	−0.382%	$56K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0064%	4h	4.7086	−0.030%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0057%	4h	4.7084	−0.034%	$25.5M	$61.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0041%	4h	4.7060	−0.085%	$1.4M	$2.8M	20x	as long as short
Gate LIT_USDTlong	−0.0002%	4h	4.7100	long leg	$2.8M	$4.3M	50x
dYdX LIT-USD	0.0000%	1h	4.7092	−0.018%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7109	+0.018%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.996%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.484%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0052%	8h	4.7037	−0.134%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7105	+0.012%	$811K	$2.0M	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7141	+0.087%	$59.0M	$29.7M	5x
Nado LIT-PERP	+0.0100%	1h	4.7085	−0.032%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7151	+0.108%	$210.8M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7092	−0.017%	$584K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7069	−0.066%	$74.9M	$78.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7079	−0.045%	$41.8M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7080	−0.042%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7064	−0.076%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	+0.042%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7111	+0.023%	$683K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6943	−0.333%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7108	+0.017%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7109	+0.020%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7075	−0.053%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7087	−0.028%	$1K	$415K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7050	−0.106%	$190K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7064	−0.077%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7089	−0.023%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0141%	4h	4.7161	+0.130%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0232%	1h	4.7166	+0.140%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0297%	1h	4.7048	−0.111%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0408% / S −0.0203%	1h	4.7098	−0.004%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7114	+0.031%	$31K	$833K	33x	as long as short