Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.100%

Price spread now: Gate against Lighter RH−0.117%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

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

costs, in and out, $10k−$630.633% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.117%, 7d avg −0.106%

Together, before fees−0.315%+ Points / potential airdropLighter RH: Points live · farm board−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.106%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7125	0.0184	pay 0.0023% / 1h	24m 33s	$3.7M	$13.2M	5x
Short	Gate LIT_USDT	4.7070	0.0100	get 0.0050% / 4h	3h 24m	$2.7M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.117%Rate

Funding earned: −$17.64
Price spread: −0.117% → −0.106%: −$1.07
Slippage, 4 orders: −$48.29
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.01
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Gate: 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	2.65 bp	3.2 bp −$3	10.6 bp −$106	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.12 bp	28.9 bp −$29	78.5 bp −$785	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	−0.0553%	1h	4.7039	−0.182%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7005	−0.255%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.469%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0275%	1h	4.7077	−0.102%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7014	−0.236%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0113%	4h	4.7040	−0.180%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0111%	4h	4.7040	−0.180%	$41.1M	$28.9M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0038%	4h	4.7024	−0.214%	$25.3M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7116	−0.019%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7080	−0.095%	$800K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7101	−0.051%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7130	+0.010%	$31K	$745K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7102	−0.048%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0008%	1h	4.7080	−0.095%	$56K	$76K	50x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7041	−0.178%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.942%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0062%	1h	4.7045	−0.170%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7126	+0.002%	$58.8M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0097%	8h	4.7034	−0.193%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7111	−0.030%	$210.3M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7093	−0.068%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7028	−0.207%	$75.5M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7070	−0.117%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	−0.093%	$117K	$8K	10x	as long as short
Gate LIT_USDTshort	+0.0100%	4h	4.7070	−0.117%	$2.7M	$4.2M	50x
MEXC LIT_USDT	+0.0100%	4h	4.7036	−0.189%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	−0.095%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7076	−0.104%	$659K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7089	−0.076%	$288K	$303K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	−0.117%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7056	−0.146%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7088	−0.079%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7075	−0.106%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7050	−0.159%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7120	−0.011%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7042	−0.177%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7048	−0.164%	$147K	—	3x	as long as short
Lighter RH LITlong	+0.0184%	1h	4.7125	long leg	$3.7M	$13.2M	5x
Aftermath Perps LITUSD	+0.0246%	1h	4.7139	+0.030%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0253%	4h	4.7132	+0.015%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7032	−0.197%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7097	−0.059%	$65K	—	50x	as long as short