Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.098%

Price spread now: Phemex against Lighter RH+0.004%7-day average −0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.496%−$50 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.004%, 7d avg −0.187%

Together, before fees−0.814%+ Points / potential airdropLighter RH: Points live · farm board−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.191% dearer against Lighter RH than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.187%): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days. At the pace of the last 7 days (−0.496% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.8338	0.0176	pay 0.0022% / 1h	4m 41s	$3.7M	$13.5M	5x
Short	Phemex LITUSDT	4.8340	0.0065	get 0.0032% / 4h	2h 04m	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$23.41
Price spread: +0.004% → −0.187%: $19.07
Slippage, 4 orders: −$56.67
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$73.01
Costs to cover: 0.687%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Phemex: 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	0.31 bp	2.9 bp −$3	12.2 bp −$122	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.20 bp	34.3 bp −$34	doesn't fit	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	−0.0470%	1h	4.8313	−0.052%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8434	+0.198%	$614K	$372K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0360%	4h	4.8278	−0.124%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0176%	1h	4.8341	+0.006%	$32K	$3K	5x	as long as short
Bullet LIT-USD	−0.0163%	1h	4.8332	−0.012%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0161%	4h	4.8265	−0.151%	$25.9M	$62.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.8427	+0.184%	$895K	$1.9M	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.8503	+0.341%	$208K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8391	+0.110%	$827K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8321	−0.035%	$35K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8349	+0.023%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.616%	$422	$178K	5.5x	as long as short
Phemex LITUSDTshort	+0.0065%	4h	4.8340	+0.004%	$1.4M	$2.8M	20x
KuCoin LITUSDTM	+0.0072%	4h	4.8356	+0.037%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8419	+0.168%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8316	−0.046%	$60.1M	$28.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8368	+0.062%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8452	+0.236%	$621K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8244	−0.194%	$77.4M	$77.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8246	−0.190%	$41.7M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8423	+0.176%	$120K	$466K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8330	−0.017%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8283	−0.114%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8290	−0.099%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8325	−0.027%	$681K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8409	+0.147%	$296K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8460	+0.252%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8354	+0.033%	$454K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8336	−0.004%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8348	+0.021%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8330	−0.017%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8490	+0.314%	$201K	$343K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8496	+0.328%	$121K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8286	−0.107%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8327	−0.023%	$151K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0129%	1h	4.8449	+0.230%	$10K	$219K	10x	as long as short
Lighter RH LITlong	+0.0176%	1h	4.8338	long leg	$3.7M	$13.5M	5x
Aster LITUSDT	+0.0243%	4h	4.8344	+0.012%	$13.0M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0305%	1h	4.8352	+0.029%	$218.1M	$41.4M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8330	−0.017%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0427% / S −0.0217%	1h	4.8352	+0.029%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8402	+0.133%	$32K	$688K	33x	as long as short