Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.048%

Price spread now: KuCoin against Lighter−0.195%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.195%, 7d avg −0.076%

Together, before fees−0.103%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.119% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7172	0.0096	pay 0.0012% / 1h	18m 23s	$58.8M	$28.4M	5x
Short	KuCoin LITUSDTM	4.7080	0.0004	get 0.0002% / 4h	3h 18m	$5.2M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.195%Rate

Funding earned: −$19.32
Price spread: −0.195% → −0.076%: −$11.86
Slippage, 4 orders: −$54.4
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.59
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; KuCoin: live order book, 4 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, 6 min ago	0.11 bp	4.4 bp −$4	13.8 bp −$138	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.86 bp	22.7 bp −$23	135.2 bp −$1,352	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
Deribit LIT_USDC-PERPETUAL	−0.0495%	1h	4.7099	−0.154%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.7049	−0.261%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.626%	$607K	$357K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7053	−0.252%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0296%	1h	4.7101	−0.150%	$84K	$67K	20x	as long as short
Phemex LITUSDT	−0.0191%	4h	4.7130	−0.089%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0126%	4h	4.7100	−0.153%	$41.1M	$28.8M	75x	as long as short
ApeX Omni LITUSDT	−0.0065%	1h	4.7060	−0.237%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0057%	4h	4.7102	−0.148%	$25.4M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7001	−0.363%	$202K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7108	−0.135%	$795K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7131	−0.088%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7128	−0.092%	$31K	$742K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7138	−0.072%	$11K	—	150x	as long as short
KuCoin LITUSDTMshort	+0.0004%	4h	4.7080	−0.195%	$5.2M	$1.0M	30x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.840%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0079%	1h	4.7076	−0.204%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7040	−0.281%	$6K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7172	long leg	$58.8M	$28.4M	5x
Hyperliquid LIT	+0.0100%	1h	4.7175	+0.006%	$210.6M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7123	−0.104%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7089	−0.176%	$75.6M	$78.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7094	−0.165%	$118K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7120	−0.110%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7068	−0.220%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	−0.110%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7137	−0.074%	$660K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7070	−0.217%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7063	−0.232%	$903K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7116	−0.119%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7127	−0.094%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7063	−0.231%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7105	−0.142%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7120	−0.110%	$199K	$359K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.492%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7075	−0.207%	$5.1M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7071	−0.214%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7217	+0.095%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7181	+0.019%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7034	−0.293%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0359%	1h	4.7130	−0.089%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7134	−0.080%	$65K	—	50x	as long as short