Settings8H · net · $10k
Funding arb · Price arb /

LITE

RWAall LITE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0146%/8h= −16.0% APRnext payment $0.18 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter against tradeXYZ0.000%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$310.306% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.326%+$33 on $10k
Price spread, last 4 days (all we have)+0.093%+$9 · spread now 0.000%, 7d avg +0.079%
Together, before fees+0.419%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.079% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.079%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.326%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:LITE960.160.0178pay 0.0022% / 1h14m 34s$7.2M$5.2M10x
ShortLighter LITE960.160.0032get 0.0004% / 1h14m 34s$27K$101K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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

Funding earned
−$30.74
Price spread: 0.000% → +0.079%
−$7.87
Slippage, 4 orders
−$12.65
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Lighter: 0 bp × 2 orders
$0
Net
−$69.26
Costs to cover
0.306%
Break-even
never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Lighter: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 4 min ago1.20 bp11.5 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 35 min ago1.09 bp2.8 bp −$35.9 bp −$59doesn't fitdoesn't fit

LITE on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LITE-PERP-INTX−0.0232%1h965.50+0.556%$111K$195K10xas long as short
Aster LITEUSDT0.0000%8h961.19+0.107%$108K$17K20xas long as short
Bybit LITEUSDT0.0000%8h959.90−0.027%$1.9M$1.6M25xas long as short
OKX LITE-USDT-SWAP0.0000%8h959.75−0.043%$3.8M$17.6M25xas long as short
Gate LITE_USDT0.0000%8h960.54+0.040%$8.0M$6.0M50xas long as short
Bitget LITEUSDT0.0000%8h959.79−0.039%$2.8M$2.8M20xas long as short
GRVT LITE_USDT_Perp0.0000%8h959.38−0.081%$892$192K10xas long as short
SunX LITE-USDT0.0000%8h960.00−0.017%$1K$3.9M10xas long as short
HTX LITE-USDT0.0000%8h960.68+0.054%$7K$32K20xas long as short
Phemex LITEUSDT0.0000%8h960.08−0.008%$1.5M$683K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX LITE-USD+0.0028%1h959.88−0.029%$1.1M$5.0M10xas long as short
Lighter LITEshort+0.0032%1h960.160.000%$27K$101K10x
Vest LITE-USD-PERP+0.0046%1h959.53−0.066%$3K10xas long as short
Polymarket Perps LITE-USD+0.0050%1h959.99−0.018%$75K$228K10xas long as short
Ondo Perps LITE-USD.P+0.0050%1h959.64−0.054%$167K$166K10xas long as short
SoDEX LITE-USD+0.0075%1h960.01−0.016%$23K$10K10xas long as short
KuCoin LITEUSDTM+0.0100%8h959.95−0.022%$519K$39K20xas long as short
ApeX Omni LITEUSDT+0.0100%1h959.36−0.083%$16K$265K50xas long as short
Orderly PERP_LITE_USDC_mythos+0.0100%8h960.25+0.009%$933$3K10xas long as short
Aevo LITE-PERP+0.0104%1h959.99−0.017%10xas long as short
Variational Omni LITE+0.0154%8h960.29+0.013%$266K$147Kas long as short
Deribit LITE_USDC-PERPETUAL+0.0167%1h960.11−0.005%$19K$37K10xas long as short
tradeXYZ xyz:LITElong+0.0178%1h960.16long leg$7.2M$5.2M10x
Binance LITEUSDT+0.0268%8h960.20+0.004%$13.7M$44.0M25xas long as short
Extended LITE-USD+0.0272%1h959.96−0.021%$10K$201K10xas long as short
edgeX LITEUSDC+0.0354%4h959.35−0.085%$70K$455K10xas long as short