Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.049%

Price spread now: Lighter against KuCoin+0.047%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on KuCoin 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+0.014%+$1 · spread now +0.047%, 7d avg +0.076%

Together, before fees+0.242%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.076%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.228% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.6778	−0.0148	get 0.0074% / 4h	2h 38m	$5.2M	$1.1M	30x
Short	Lighter LIT	4.6800	0.0096	get 0.0012% / 1h	38m 31s	$58.6M	$29.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $51.24
Price spread: +0.047% → +0.076%: −$2.91
Slippage, 4 orders: −$48.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.64
Costs to cover: 0.610%
Break-even: 8.7 days

Slippage from KuCoin: live order book, 4 min ago; Lighter: live order book, 5 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 KuCoin live order book, 4 min ago	5.77 bp	26.2 bp −$26	397.3 bp −$3,973	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.11 bp	6.1 bp −$6	15.4 bp −$154	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	−0.0624%	1h	4.6650	−0.274%	$32K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0589%	1h	4.6811	+0.072%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0469%	4h	4.6738	−0.086%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0454%	1h	4.6700	−0.168%	$84K	$73K	20x	as long as short
Gate LIT_USDT	−0.0272%	4h	4.6770	−0.017%	$2.8M	$4.3M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0203%	1h	4.6824	+0.098%	$676K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0164%	4h	4.6736	−0.090%	$25.4M	$63.5M	50x	as long as short
KuCoin LITUSDTMlong	−0.0148%	4h	4.6778	long leg	$5.2M	$1.1M	30x
GRVT LIT_USDT_Perp	−0.0148%	4h	4.6807	+0.062%	$900K	$1.8M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6873	+0.203%	$202K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.921%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6843	+0.139%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6749	−0.062%	$468	—	150x	as long as short
SoDEX LIT-USD	+0.0016%	1h	4.6810	+0.068%	$1K	$453K	5x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	+0.456%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0033%	8h	4.6692	−0.183%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.698%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0044%	1h	4.6990	+0.453%	$56K	$77K	50x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6750	−0.059%	$779K	$2.0M	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.6800	+0.047%	$58.6M	$29.3M	5x
Lighter RH LIT	+0.0096%	1h	4.6825	+0.100%	$3.7M	$13.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6705	−0.156%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6766	−0.026%	$209.4M	$43.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6777	−0.002%	$12.5M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6743	−0.075%	$580K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6675	−0.221%	$74.5M	$80.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6700	−0.167%	$41.9M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6705	−0.156%	$115K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6694	−0.180%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6740	−0.081%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6997	+0.469%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6725	−0.113%	$442K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6837	+0.127%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6859	+0.173%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6809	+0.066%	$187K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6770	−0.017%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6687	−0.195%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6788	+0.021%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0330%	1h	4.6925	+0.313%	$9K	$211K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.772%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0403% / S −0.0197%	1h	4.6732	−0.098%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6749	−0.062%	$31K	$860K	33x	as long as short