Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Aster−0.046%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.159%+$16 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.046%, 7d avg +0.020%

Together, before fees+0.178%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$18 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 0.066% cheaper against Aster than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.7717	0.0100	pay 0.0050% / 4h	2h 21m	$12.8M	$2.5M	50x
Short	Lighter LIT	4.7695	0.0096	get 0.0012% / 1h	21m 00s	$59.8M	$30.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$0.84
Price spread: −0.046% → +0.020%: −$6.58
Slippage, 4 orders: −$16.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.26
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Lighter: live order book, 8 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 Aster live order book, 3 min ago	1.79 bp	7.8 bp −$8	25.5 bp −$255	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.63 bp	1.6 bp −$2	14.7 bp −$147	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
Deribit LIT_USDC-PERPETUAL	−0.0836%	1h	4.7632	−0.178%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0658%	4h	4.7620	−0.203%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7580	−0.287%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0569%	4h	4.7600	−0.245%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7631	−0.180%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0348%	1h	4.7614	−0.216%	$86K	$81K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0321%	1h	4.7674	−0.090%	$670K	$1.5M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0317%	4h	4.7668	−0.103%	$25.1M	$62.2M	50x	as long as short
Bybit LITUSDT	−0.0317%	4h	4.7670	−0.098%	$43.2M	$30.6M	75x	as long as short
KuCoin LITUSDTM	−0.0304%	4h	4.7623	−0.197%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0296%	4h	4.7469	−0.520%	$906K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.009%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7583	−0.281%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0021%	8h	4.7544	−0.363%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0012%	1h	4.7615	−0.214%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7588	−0.271%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7685	−0.068%	$35K	—	150x	as long as short
Nado LIT-PERP	+0.0005%	1h	4.7650	−0.140%	$2.2M	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7658	−0.124%	$827K	$2.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0021%	1h	4.7551	−0.348%	$12K	$199K	10x	as long as short
Polymarket Perps LIT-USD	+0.0031%	1h	4.7698	−0.040%	$450K	$105K	10x	as long as short
Extended LIT-USD	+0.0032%	1h	4.7654	−0.132%	$5.3M	$5.1M	25x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.677%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0036%	4h	4.7510	−0.434%	$289K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0038%	4h	4.7643	−0.155%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0040%	4h	4.7650	−0.140%	$75.4M	$81.3M	75x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7624	−0.194%	$149K	$44K	3x	as long as short
Lighter LITshort	+0.0096%	1h	4.7695	−0.046%	$59.8M	$30.1M	5x
Hyperliquid LIT	+0.0100%	1h	4.7711	−0.013%	$211.9M	$45.0M	5x	as long as short
Aster LITUSDTlong	+0.0100%	4h	4.7717	long leg	$12.8M	$2.5M	50x
Pacifica LIT	+0.0100%	1h	4.7610	−0.224%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7561	−0.327%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7680	−0.078%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7470	−0.518%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7659	−0.122%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7588	−0.270%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7721	+0.008%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.551%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7650	−0.141%	$31K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0160%	4h	4.7593	−0.260%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7655	−0.130%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7721	+0.008%	$3.7M	$14.2M	5x	as long as short