Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC−0.0153%/8h= −16.8% APRpaid last 24h +0.021%

Price spread now: Perpl against Lighter RH−0.093%7-day average −0.128% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.093%, 7d avg −0.128%

Together, before fees−0.420%+ Points / potential airdropLighter RH: Points live · Perpl: Active · farm board−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.035% dearer against Lighter RH than usual: you sell high and buy low (spread −0.093% now, against its 7-day average of −0.128%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7171	0.0488	pay 0.0061% / 1h	50m 08s	$3.7M	$13.5M	5x
Short	Perpl LIT	4.7127	0.0335	get 0.0030% / 43m	20m 08s	$31K	$840K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$32.15
Price spread: −0.093% → −0.128%: $3.5
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$42.45
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 4 min ago; Perpl: no order-book sample. Net counts fees only.

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	4.97 bp	8.9 bp −$9	19.4 bp −$194	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0985%	1h	4.7050	−0.256%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0862%	4h	4.7090	−0.172%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0633%	4h	4.7002	−0.358%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0527%	4h	4.7050	−0.257%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0468%	1h	4.7097	−0.157%	$661K	$1.5M	5x	as long as short
01 Exchange LITUSD	−0.0448%	1h	4.7028	−0.303%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0411%	4h	4.7044	−0.269%	$25.2M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7057	−0.242%	$84K	$81K	20x	as long as short
Bybit LITUSDT	−0.0290%	4h	4.7070	−0.214%	$42.5M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0286%	4h	4.7129	−0.089%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0196%	4h	4.7300	+0.273%	$898K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0171%	1h	4.7204	+0.070%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.166%	$660K	$389K	50x	as long as short
Nado LIT-PERP	−0.0143%	1h	4.7075	−0.204%	$2.1M	$1.7M	10x	as long as short
SoDEX LIT-USD	−0.0114%	1h	4.7070	−0.214%	$1K	$469K	5x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7130	−0.087%	$785K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7163	−0.017%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0010%	8h	4.7036	−0.286%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7145	−0.055%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7112	−0.124%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.842%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0042%	4h	4.7039	−0.280%	$5.6M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0044%	4h	4.7156	−0.031%	$287K	$311K	10x	as long as short
Binance LITUSDT	+0.0046%	4h	4.7041	−0.275%	$74.6M	$81.5M	75x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7055	−0.246%	$147K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0064%	1h	4.7130	−0.087%	$55K	$78K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.7153	−0.038%	$59.3M	$29.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7140	−0.066%	$210.1M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7134	−0.079%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7125	−0.097%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7094	−0.163%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7055	−0.246%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7090	−0.172%	$6.7M	$2.7M	20x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7072	−0.210%	$444K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7104	−0.143%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7081	−0.191%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7177	+0.013%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7038	−0.282%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0175%	4h	4.7054	−0.248%	$1.5M	$2.1M	75x	as long as short
Perpl LITshort	+0.0335%	43m	4.7127	−0.093%	$31K	$840K	33x
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7109	−0.131%	$59K	—	50x	as long as short
Lighter RH LITlong	+0.0488%	1h	4.7171	long leg	$3.7M	$13.5M	5x