Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.033%

Price spread now: Lighter against Bybit−0.100%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.100% cheaper against Bybit than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.399% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITEUSDT	945.38	0	get 0.0000% / 8h	3h 06m	$1.8M	$1.7M	25x
Short	Lighter LITE	944.43	0.0032	get 0.0004% / 1h	6m 58s	$25K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.100%Rate

Funding earned: $6.72
Price spread: −0.100% → 0.000%: −$10.05
Slippage, 4 orders: −$26.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.28
Costs to cover: 0.380%
Break-even: 50.0 days

Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 27 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 Bybit live order book, 4 min ago	2.70 bp	17.1 bp −$17	93.5 bp −$935	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	0.84 bp	1.9 bp −$2	4.9 bp −$49	doesn't fit	doesn't fit

LITE on 27 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
Bitget LITEUSDT	−0.0356%	8h	945.46	+0.008%	$2.6M	$3.0M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0224%	1h	946.46	+0.114%	$99K	$202K	10x	as long as short
BloFin LITE-USDT	−0.0030%	8h	945.01	−0.039%	$220K	$234K	20x	as long as short
QFEX LITE-USD	−0.0002%	1h	944.43	−0.100%	$1.1M	$3.5M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	945.78	+0.042%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	945.00	−0.040%	$14K	$199K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	945.56	+0.019%	$12.2M	$47.5M	25x	as long as short
Bybit LITEUSDTlong	0.0000%	8h	945.38	long leg	$1.8M	$1.7M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	946.58	+0.127%	$3.7M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	946.27	+0.094%	$7.9M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LITE	0.0000%	8h	945.11	−0.029%	$260K	$154K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	944.49	−0.095%	$784	$184K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	944.20	−0.125%	$726	$3.8M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	944.52	−0.091%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	945.03	−0.037%	$1.5M	$706K	10x	as long as short
Lighter LITEshort	+0.0032%	1h	944.43	−0.100%	$25K	$104K	10x
Vest LITE-USD-PERP	+0.0046%	1h	943.89	−0.158%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	944.74	−0.068%	$73K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	944.20	−0.125%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	944.53	−0.090%	$33K	$315K	10x	as long as short
tradeXYZ xyz:LITE	+0.0055%	1h	944.61	−0.081%	$7.2M	$5.6M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0078%	1h	944.12	−0.133%	$18K	$39K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	944.34	−0.110%	$519K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	944.29	−0.115%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	944.20	−0.125%	$918	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	944.00	−0.146%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0932%	4h	945.22	−0.017%	$61K	$457K	10x	as long as short