LITE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.072%

Price spread now: Lighter against Coinbase International+0.178%7-day average +0.227% · you sell dearer than you buy

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.581%+$58 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.178%, 7d avg +0.227%

Together, before fees+0.453%+ Points / potential airdropLighter: Season 3 · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.178% now, against its 7-day average of +0.227%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	947.41	−0.0120	get 0.0015% / 1h	53m 57s	$94K	$214K	10x
Short	Lighter LITE	949.10	0.0088	get 0.0011% / 1h	53m 57s	$25K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.178%Rate

Funding earned: $43.68
Price spread: +0.178% → +0.227%: −$4.88
Slippage, 4 orders: −$26.38
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.42
Costs to cover: 0.364%
Break-even: 6.6 days

Slippage from Coinbase International: live order book, 49 min ago; Lighter: live order book, 30 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 Coinbase International live order book, 49 min ago	8.91 bp	15.1 bp −$15	21.8 bp −$218	doesn't fit	doesn't fit
Sell Lighter live order book, 30 min ago	3.17 bp	4.2 bp −$4	9.1 bp −$91	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	−0.0290%	8h	948.39	+0.103%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTXlong	−0.0120%	1h	947.41	long leg	$94K	$214K	10x
Aster LITEUSDT	0.0000%	8h	949.74	+0.245%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	949.06	+0.174%	$18K	$222K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	949.25	+0.194%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	948.91	+0.158%	$1.8M	$1.9M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	948.94	+0.161%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	949.30	+0.199%	$8.0M	$6.4M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.81	+0.042%	$260K	$153K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	948.31	+0.095%	$588	$195K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	948.90	+0.157%	$677	$3.7M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	949.64	+0.235%	$18K	$40K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	947.95	+0.057%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	948.88	+0.155%	$1.5M	$735K	10x	as long as short
QFEX LITE-USD	+0.0002%	1h	948.34	+0.098%	$1.1M	$3.7M	10x	as long as short
BloFin LITE-USDT	+0.0010%	8h	947.69	+0.030%	$214K	$240K	20x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.35	−0.006%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	949.09	+0.177%	$74K	$229K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	947.79	+0.040%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	948.05	+0.068%	$32K	$349K	10x	as long as short
Lighter LITEshort	+0.0088%	1h	949.10	+0.178%	$25K	$104K	10x
KuCoin LITEUSDTM	+0.0100%	8h	948.93	+0.160%	$521K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	948.29	+0.093%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	949.37	+0.207%	$923	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	949.17	+0.186%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0221%	1h	948.84	+0.151%	$7.7M	$6.0M	10x	as long as short
edgeX LITEUSDC	+0.0953%	4h	948.07	+0.070%	$63K	$471K	10x	as long as short