Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%
Price spread now: Bulk against Lighter RH−0.258%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 4 days (all we have)−0.261%−$26 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.258%, 7d avg −0.113%
=Together, before fees−0.269%+ Points / potential airdropLighter RH: Points live · farm board−$27 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 Bulk is 0.145% cheaper against Lighter RH than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH LIT | 4.6968 | 0.0168 | pay 0.0021% / 1h | 53m 43s | $3.7M | $13.0M | 5x |
| Short | Bulk LIT-USD | 4.6847 | 0.0076 | get 0.0010% / 1h | 53m 43s | $117K | $1K | 10x |
Lighter RH LIT
Bulk LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.3
- Price spread: −0.258% → −0.113%
- −$14.54
- Slippage, 4 orders
- −$14.61
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$55.45
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Bulk: live order book, 10 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, 5 min ago | 0.43 bp | 4.9 bp −$5 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 10 min ago | 0.11 bp | 4.9 bp −$5 | 11.9 bp −$119 | 43.1 bp −$4,308 | 110.7 bp −$55.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LITUSDT | −0.1086% | 1h | 4.6680 | −0.613% | $56K | $77K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0410% | 4h | 4.6859 | −0.232% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0296% | 1h | 4.6816 | −0.324% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0229% | 1h | 4.6874 | −0.201% | $84K | $67K | 20x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0210% | 1h | 4.6919 | −0.104% | $41K | $40K | 10x | as long as short |
| Phoenix LIT | −0.0102% | 1h | 4.6902 | −0.141% | $202K | $341K | 5x | as long as short |
| GRVT LIT_USDT_Perp | −0.0076% | 4h | 4.6750 | −0.464% | $890K | $1.7M | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0044% | 4h | 4.6900 | −0.145% | $25.4M | $61.5M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0044% | 4h | 4.6873 | −0.202% | $5.2M | $1.1M | 30x | as long as short |
| Phemex LITUSDT | −0.0027% | 4h | 4.6870 | −0.209% | $1.4M | $2.8M | 20x | as long as short |
ApeX Omni LITUSDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
Deribit LIT_USDC-PERPETUAL
Phoenix LIT
GRVT LIT_USDT_Perp
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
Phemex LITUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6867 | −0.214% | $663K | $366K | 50x | as long as short |
| Gate LIT_USDT | −0.0018% | 4h | 4.6900 | −0.145% | $2.7M | $4.2M | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6909 | −0.126% | $11K | — | 150x | as long as short |
| Backpack LIT_USDC_PERP | +0.0033% | 1h | 4.6916 | −0.111% | $682K | $1.3M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.282% | $422 | $178K | 5.5x | as long as short |
| dYdX LIT-USD | +0.0049% | 1h | 4.6872 | −0.205% | $34K | — | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0058% | 8h | 4.6827 | −0.300% | $7K | $2K | 5x | as long as short |
| Bulk LIT-USDshort | +0.0076% | 1h | 4.6847 | −0.258% | $117K | $1K | 10x | |
| Lighter LIT | +0.0096% | 1h | 4.6957 | −0.023% | $58.6M | $28.4M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6872 | −0.204% | $781K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6860 | −0.230% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6947 | −0.044% | $209.9M | $40.9M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6879 | −0.189% | $581K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6878 | −0.193% | $74.6M | $78.2M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6878 | −0.192% | $41.6M | $28.6M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6846 | −0.260% | $117K | $446K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6877 | −0.194% | $5.4M | $3.8M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6910 | −0.123% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6739 | −0.487% | $285K | $304K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6862 | −0.226% | $443K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6931 | −0.080% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6828 | −0.298% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6940 | −0.060% | $1K | $416K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6959 | −0.019% | $191K | $359K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6859 | −0.231% | $5.1M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6904 | −0.135% | $147K | — | 3x | as long as short |
| Aster LITUSDT | +0.0148% | 4h | 4.6949 | −0.039% | $12.6M | $2.0M | 50x | as long as short |
| Lighter RH LITlong | +0.0168% | 1h | 4.6968 | long leg | $3.7M | $13.0M | 5x | |
| Aftermath Perps LITUSD | +0.0283% | 1h | 4.6925 | −0.092% | $10K | $210K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0408% / S −0.0204% | 1h | 4.6905 | −0.133% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6886 | −0.175% | $31K | $832K | 33x | as long as short |
Coinbase International LIT-PERP-INTX
Gate LIT_USDT
gTrade (Gains Network) LIT/USD
Backpack LIT_USDC_PERP
Injective LIT/USDC PERP
dYdX LIT-USD
Paradex LIT-USD-PERP
Lighter LIT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT