Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against SunX+0.117%7-day average +0.137% · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.117%, 7d avg +0.137%

Together, before fees+0.104%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.020% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7042	0.0100	pay 0.0050% / 4h	2h 44m	$5K	$1.2M	20x
Short	Lighter LIT	4.7097	0.0096	get 0.0012% / 1h	44m 00s	$59.0M	$29.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$0.84
Price spread: +0.117% → +0.137%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.88
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Lighter: live order book, 10 min ago. 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 SunX live order book, 9 min ago	500.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	0.75 bp	4.5 bp −$4	17.2 bp −$172	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
01 Exchange LITUSD	−0.0584%	1h	4.6944	−0.208%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0500%	1h	4.7046	+0.007%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0466%	4h	4.6995	−0.100%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0422%	1h	4.7008	−0.072%	$84K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0170%	4h	4.7075	+0.070%	$25.6M	$63.9M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0157%	1h	4.7075	+0.070%	$682K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0144%	4h	4.7040	−0.004%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7044	+0.004%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0122%	4h	4.7120	+0.166%	$895K	$1.8M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7162	+0.255%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.355%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7063	+0.045%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7059	+0.036%	$471	—	150x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	−0.108%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.122%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.6986	−0.120%	$7K	$2K	5x	as long as short
ApeX Omni LITUSDT	+0.0052%	1h	4.7040	−0.004%	$56K	$77K	50x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7043	+0.003%	$784K	$2.0M	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7097	+0.117%	$59.0M	$29.2M	5x
Nado LIT-PERP	+0.0100%	1h	4.6995	−0.100%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7113	+0.151%	$211.1M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7093	+0.109%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7002	−0.085%	$583K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7031	−0.023%	$75.1M	$80.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7050	+0.017%	$42.3M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7015	−0.057%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7007	−0.074%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7070	+0.060%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6985	−0.121%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7015	−0.057%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7087	+0.097%	$2K	—	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7042	long leg	$5K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7041	−0.002%	$1K	$455K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7061	+0.040%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7010	−0.068%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7028	−0.029%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7008	−0.073%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0120%	1h	4.7112	+0.149%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0332%	1h	4.7090	+0.102%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.206%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0403% / S −0.0195%	1h	4.7050	+0.018%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7039	−0.006%	$31K	$860K	33x	as long as short