LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against Backpack−0.084%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days−0.428%−$43 · spread now −0.084%, 7d avg −0.175%

Together, before fees−0.310%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.090% dearer against Backpack than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.175%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7433	0.0051	pay 0.0006% / 1h	25m 45s	$685K	$1.4M	5x
Short	Lighter LIT	4.7393	0.0096	get 0.0012% / 1h	25m 45s	$59.3M	$29.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now −0.084%Rate

Funding earned: $9.5
Price spread: −0.084% → −0.175%: $9.05
Slippage, 4 orders: −$10.62
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.08
Costs to cover: 0.206%
Break-even: 8.5 days

Slippage from Backpack: 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 Backpack live order book, 3 min ago	0.63 bp	5.8 bp −$6	15.2 bp −$152	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.32 bp	4.4 bp −$4	16.3 bp −$163	doesn't fit	doesn't fit

LIT on 41 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	−0.0659%	1h	4.7373	−0.126%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7313	−0.253%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7314	−0.251%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0461%	1h	4.7382	−0.108%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.512%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.679%	$906K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7367	−0.139%	$25.7M	$63.9M	50x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7331	−0.215%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0124%	4h	4.7370	−0.133%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7401	−0.067%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0086%	4h	4.7380	−0.112%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	−0.051%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.283%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7372	−0.129%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7428	−0.011%	$475	—	150x	as long as short
Bybit LITUSDT	+0.0014%	4h	4.7340	−0.196%	$42.4M	$29.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7333	−0.210%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.280%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERPlong	+0.0051%	1h	4.7433	long leg	$685K	$1.4M	5x
SoDEX LIT-USD	+0.0062%	1h	4.7395	−0.080%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7389	−0.094%	$790K	$2.0M	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7393	−0.084%	$59.3M	$29.5M	5x
Lighter RH LIT	+0.0096%	1h	4.7423	−0.021%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7405	−0.059%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7388	−0.095%	$212.1M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7419	−0.029%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7367	−0.139%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7325	−0.228%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7363	−0.148%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7322	−0.234%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−0.091%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.613%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7415	−0.038%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7417	−0.033%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7431	−0.004%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.455%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7337	−0.202%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7379	−0.114%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.7219	−0.451%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7412	−0.043%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7446	+0.028%	$31K	$860K	33x	as long as short