Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.074%

Price spread now: Lighter against Bybit+0.108%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.108%, 7d avg +0.096%

Together, before fees+0.112%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.8012	−0.0005	get 0.0003% / 4h	3h 35m	$41.7M	$27.3M	75x
Short	Lighter LIT	4.8064	0.0096	get 0.0012% / 1h	35m 46s	$59.9M	$26.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.108%Rate

Funding earned: $21.27
Price spread: +0.108% → +0.096%: $1.28
Slippage, 4 orders: −$35.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.29
Costs to cover: 0.468%
Break-even: 15.0 days

Slippage from Bybit: 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 Bybit live order book, 3 min ago	1.04 bp	19.2 bp −$19	58.4 bp −$584	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.62 bp	4.2 bp −$4	13.6 bp −$136	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
GRVT LIT_USDT_Perp	−0.0678%	4h	4.7885	−0.264%	$892K	$2.0M	10x	as long as short
01 Exchange LITUSD	−0.0504%	1h	4.7897	−0.240%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7955	−0.119%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7877	−0.282%	$606K	$348K	50x	as long as short
Bullet LIT-USD	−0.0239%	1h	4.7954	−0.120%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.8017	+0.010%	$25.9M	$59.2M	50x	as long as short
ApeX Omni LITUSDT	−0.0164%	1h	4.7850	−0.337%	$57K	$75K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0139%	1h	4.8019	+0.016%	$42K	$39K	10x	as long as short
Gate LIT_USDT	−0.0052%	4h	4.8030	+0.037%	$2.8M	$4.0M	50x	as long as short
Bybit LITUSDTlong	−0.0005%	4h	4.8012	long leg	$41.7M	$27.3M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7992	−0.041%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8010	−0.005%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8019	+0.015%	$206K	$288K	5x	as long as short
Nado LIT-PERP	+0.0025%	1h	4.7935	−0.160%	$2.1M	$1.6M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.058%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0037%	1h	4.8028	+0.033%	$685K	$986K	5x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7923	−0.185%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.8064	+0.108%	$59.9M	$26.0M	5x
Lighter RH LIT	+0.0096%	1h	4.8082	+0.146%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8081	+0.144%	$217.2M	$38.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7969	−0.090%	$674K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8002	−0.022%	$77.1M	$73.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7961	−0.106%	$127K	$436K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	−0.215%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8000	−0.025%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7993	−0.040%	$5.5M	$921K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8020	+0.017%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7907	−0.218%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7980	−0.067%	$447K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.040%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7928	−0.175%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8005	−0.015%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7994	−0.037%	$193K	$313K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7980	−0.067%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7992	−0.041%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7995	−0.036%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8000	−0.026%	$823K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0276%	4h	4.8067	+0.115%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7995	−0.035%	$32K	$630K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7938	−0.154%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.8010	−0.003%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0482%	1h	4.8033	+0.044%	$9K	$201K	10x	as long as short