Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.001%

Price spread now: Aster against Lighter+0.064%7-day average −0.020% · 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−$18as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.161%−$16 on $10k

Price spread, last 7 days+0.090%+$9 · spread now +0.064%, 7d avg −0.020%

Together, before fees−0.071%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$7 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 Aster is 0.084% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 5 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.6721	0.0096	pay 0.0012% / 1h	40m 48s	$58.2M	$28.6M	5x
Short	Aster LITUSDT	4.6751	0.0182	get 0.0091% / 4h	40m 48s	$12.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.064%Rate

Funding earned: $18.02
Price spread: +0.064% → −0.020%: $8.39
Slippage, 4 orders: −$18.04
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $0.38
Costs to cover: 0.260%
Break-even: 6.9 days

Slippage from Lighter: live order book, 13 min ago; Aster: live order book, 3 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 Lighter live order book, 13 min ago	0.75 bp	2.9 bp −$3	14.4 bp −$144	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.10 bp	9.7 bp −$10	23.8 bp −$238	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	−0.0512%	1h	4.6570	−0.323%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6582	−0.298%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0283%	1h	4.6651	−0.150%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0264%	1h	4.6696	−0.054%	$659K	$1.4M	5x	as long as short
Bullet LIT-USD	−0.0253%	1h	4.6626	−0.204%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6760	+0.083%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.271%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0133%	4h	4.6640	−0.173%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0064%	1h	4.6718	−0.006%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6615	−0.227%	$2.1M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.6711	−0.021%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0029%	4h	4.6741	+0.043%	$41.2M	$28.7M	75x	as long as short
KuCoin LITUSDTM	−0.0020%	4h	4.6697	−0.051%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0001%	4h	4.6762	+0.088%	$25.1M	$61.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6661	−0.128%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6675	−0.099%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0026%	1h	4.6660	−0.131%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.823%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.6634	−0.186%	$436K	$109K	10x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6599	−0.262%	$6K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6672	−0.106%	$904K	$1.8M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6648	−0.156%	$778K	$2.1M	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.6721	long leg	$58.2M	$28.6M	5x
Lighter RH LIT	+0.0096%	1h	4.6737	+0.034%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6819	+0.210%	$209.4M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6636	−0.182%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6724	+0.006%	$74.7M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6712	−0.019%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6722	+0.002%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6780	+0.126%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6641	−0.170%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6670	−0.110%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6656	−0.139%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6645	−0.163%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6660	−0.131%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.205%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6648	−0.157%	$146K	—	3x	as long as short
Aster LITUSDTshort	+0.0182%	4h	4.6751	+0.064%	$12.5M	$2.0M	50x
Aftermath Perps LITUSD	+0.0230%	1h	4.6704	−0.036%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6668	−0.114%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6649	−0.154%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6662	−0.126%	$62K	—	50x	as long as short