LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.044%

Price spread now: Backpack against Lighter RH−0.040%7-day average +0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Lighter RH Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 7 days+0.346%+$35 · spread now −0.040%, 7d avg +0.125%

Together, before fees+0.098%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Backpack is 0.165% cheaper against Lighter RH than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.125%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7770	0.0160	pay 0.0020% / 1h	34m 36s	$3.7M	$13.7M	5x
Short	Backpack LIT_USDC_PERP	4.7751	0.0100	get 0.0013% / 1h	34m 36s	$688K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter RH. 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 Lighter RHbpFee BackpackbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$12.6
Price spread: −0.040% → +0.125%: −$16.5
Slippage, 4 orders: −$13.05
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$52.15
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Backpack: 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 RH live order book, 4 min ago	2.30 bp	4.0 bp −$4	13.7 bp −$137	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	2.19 bp	7.3 bp −$7	16.1 bp −$161	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	−0.0899%	1h	4.7737	−0.068%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0512%	4h	4.7703	−0.140%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7653	−0.245%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7767	−0.006%	$85K	$75K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0226%	4h	4.7740	−0.063%	$25.9M	$64.4M	50x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7769	−0.002%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7831	+0.128%	$676K	$406K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7765	−0.010%	$208K	$361K	5x	as long as short
ApeX Omni LITUSDT	−0.0032%	1h	4.7760	−0.021%	$56K	$77K	50x	as long as short
Phemex LITUSDT	−0.0030%	4h	4.7740	−0.063%	$1.4M	$2.7M	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7837	+0.140%	$32K	$858K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7816	+0.096%	$35K	—	150x	as long as short
dYdX LIT-USD	+0.0005%	1h	4.7731	−0.082%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0015%	1h	4.7780	+0.021%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.565%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0038%	8h	4.7684	−0.181%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0048%	4h	4.7763	−0.014%	$918K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7765	−0.010%	$59.7M	$29.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7749	−0.045%	$12.8M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7718	−0.109%	$592K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7675	−0.199%	$76.1M	$81.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7700	−0.147%	$43.0M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7730	−0.084%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7740	−0.063%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7700	−0.147%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7655	−0.241%	$5.7M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	−0.105%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7751	−0.040%	$688K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7664	−0.222%	$290K	$308K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7794	+0.050%	$452K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7787	+0.036%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7735	−0.073%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7745	−0.052%	$1K	$462K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7841	+0.149%	$191K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7705	−0.135%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7752	−0.037%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7760	−0.022%	$796K	$2.0M	5x	as long as short
Lighter RH LITlong	+0.0160%	1h	4.7770	long leg	$3.7M	$13.7M	5x
Hyperliquid LIT	+0.0270%	1h	4.7773	+0.006%	$214.3M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7713	−0.119%	$1.6M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0360%	1h	4.7713	−0.120%	$10K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0396% / S −0.0183%	1h	4.7807	+0.077%	$64K	—	50x	as long as short