Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against Bulk−0.575%7-day average +0.081% · 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−$85as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 4 days (all we have)+0.165%+$17 on $10k
+Price spread, last 4 days (all we have)+1.322%+$132 · spread now −0.575%, 7d avg +0.081%
=Together, before fees+1.487%+ Points / potential airdropLighter: Season 3 · farm board+$149 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 0.656% cheaper against Bulk than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk LIT-USD | 4.7305 | 0.0100 | pay 0.0013% / 1h | 10m 52s | $118K | $973 | 10x |
| Short | Lighter LIT | 4.7033 | 0.0096 | get 0.0012% / 1h | 10m 52s | $58.6M | $28.9M | 5x |
Bulk LIT-USD
Lighter LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.575% → +0.081%
- −$65.59
- Slippage, 4 orders
- −$12.79
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$86.22
- Costs to cover
- 0.198%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 53 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 Bulk live order book, 53 min ago | 0.11 bp | 7.2 bp −$7 | 14.4 bp −$144 | 40.1 bp −$4,009 | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.11 bp | 2.1 bp −$2 | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0382% | 4h | 4.6917 | −0.820% | $32K | $1K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0354% | 1h | 4.7003 | −0.638% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0304% | 1h | 4.6910 | −0.835% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0250% | 1h | 4.6961 | −0.727% | $84K | $68K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0119% | 1h | 4.6960 | −0.729% | $56K | $76K | 50x | as long as short |
| Gate LIT_USDT | −0.0094% | 4h | 4.6980 | −0.687% | $2.8M | $4.3M | 50x | as long as short |
| Phoenix LIT | −0.0085% | 1h | 4.7086 | −0.463% | $203K | $341K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −1.068% | $611K | $411K | 50x | as long as short |
| Phemex LITUSDT | −0.0010% | 4h | 4.6980 | −0.687% | $1.4M | $2.8M | 20x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7002 | −0.640% | $11K | — | 150x | as long as short |
Orderly PERP_LIT_USDC
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Bullet LIT-USD
ApeX Omni LITUSDT
Gate LIT_USDT
Phoenix LIT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | +0.0005% | 1h | 4.6971 | −0.707% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | +0.0017% | 4h | 4.7000 | −0.645% | $25.3M | $62.0M | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.554% | $422 | $178K | 5.5x | as long as short |
| KuCoin LITUSDTM | +0.0044% | 4h | 4.6994 | −0.657% | $5.2M | $1.0M | 30x | as long as short |
| Paradex LIT-USD-PERP | +0.0074% | 8h | 4.6890 | −0.877% | $7K | $2K | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0082% | 4h | 4.7009 | −0.627% | $905K | $1.8M | 10x | as long as short |
| Bybit LITUSDT | +0.0084% | 4h | 4.6980 | −0.687% | $41.7M | $28.6M | 75x | as long as short |
| Lighter LITshort | +0.0096% | 1h | 4.7033 | −0.575% | $58.6M | $28.9M | 5x | |
| Lighter RH LIT | +0.0096% | 1h | 4.7049 | −0.541% | $3.6M | $13.4M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6977 | −0.694% | $783K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6925 | −0.803% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7058 | −0.522% | $210.3M | $41.9M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6919 | −0.816% | $580K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6962 | −0.725% | $74.8M | $79.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6964 | −0.721% | $122K | $454K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6963 | −0.723% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6990 | −0.666% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7031 | −0.579% | $666K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7007 | −0.630% | $286K | $302K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6960 | −0.729% | $439K | $110K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7020 | −0.603% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6967 | −0.715% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7005 | −0.634% | $2K | $397K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7100 | −0.433% | $199K | $388K | 30x | as long as short |
| Bulk LIT-USDlong | +0.0100% | 1h | 4.7305 | long leg | $118K | $973 | 10x | |
| Extended LIT-USD | +0.0104% | 1h | 4.6968 | −0.712% | $5.2M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7000 | −0.646% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0194% | 1h | 4.7081 | −0.474% | $9K | $205K | 10x | as long as short |
| Aster LITUSDT | +0.0208% | 4h | 4.7058 | −0.522% | $12.6M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6970 | −0.708% | $1.6M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0415% / S −0.0213% | 1h | 4.7006 | −0.632% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6967 | −0.714% | $31K | $814K | 33x | as long as short |
dYdX LIT-USD
OKX LIT-USDT-SWAP
Injective LIT/USDC PERP
KuCoin LITUSDTM
Paradex LIT-USD-PERP
GRVT LIT_USDT_Perp
Bybit LITUSDT
Lighter RH LIT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT