Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.031%

Price spread now: Lighter against HTX−0.089%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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 0.089% cheaper against HTX than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 9.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LITE-USDT	948.34	0	get 0.0000% / 8h	5m 20s	$7K	$31K	20x
Short	Lighter LITE	947.50	0.0032	get 0.0004% / 1h	5m 20s	$25K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.089%Rate

Funding earned: $6.72
Price spread: −0.089% → 0.000%: −$8.86
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.14
Costs to cover: 0.120%
Break-even: 21.7 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 5 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	1.00 bp	1.8 bp −$2	6.1 bp −$61	doesn't fit	doesn't fit

HTX: 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.

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
Coinbase International LITE-PERP-INTX	−0.0120%	1h	946.24	−0.221%	$93K	$215K	10x	as long as short
Bitget LITEUSDT	−0.0105%	8h	947.85	−0.052%	$2.6M	$3.1M	20x	as long as short
BloFin LITE-USDT	−0.0015%	8h	947.88	−0.049%	$217K	$243K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	948.47	+0.013%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.49	−0.090%	$49K	$247K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.84	−0.053%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.84	−0.053%	$1.8M	$2.0M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.84	−0.053%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	948.40	+0.006%	$8.0M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.40	−0.099%	$260K	$140K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	0.0000%	8h	947.64	−0.074%	$758	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	947.90	−0.046%	$719	$3.7M	10x	as long as short
HTX LITE-USDTlong	0.0000%	8h	948.34	long leg	$7K	$31K	20x
Phemex LITEUSDT	0.0000%	8h	948.20	−0.015%	$1.5M	$743K	10x	as long as short
QFEX LITE-USD	+0.0002%	1h	947.87	−0.050%	$1.1M	$3.8M	10x	as long as short
Lighter LITEshort	+0.0032%	1h	947.50	−0.089%	$25K	$104K	10x
Vest LITE-USD-PERP	+0.0046%	1h	947.34	−0.105%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	948.16	−0.019%	$73K	$229K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	947.63	−0.075%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	948.37	+0.003%	$32K	$353K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	947.35	−0.104%	$520K	$53K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	947.61	−0.077%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.52	−0.086%	$921	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	947.42	−0.097%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0214%	1h	947.82	−0.055%	$7.7M	$5.7M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0331%	1h	947.78	−0.059%	$18K	$41K	10x	as long as short
edgeX LITEUSDC	+0.0877%	4h	947.33	−0.106%	$63K	$473K	10x	as long as short