Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.022%

Price spread now: Lighter RH against edgeX+0.266%110s7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.266%, 7d avg +0.134%

Together, before fees+0.168%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$17 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 RH is 0.132% dearer against edgeX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.134%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.6928	0.0100	pay 0.0050% / 4h	15m 43s	$287K	$305K	10x
Short	Lighter RH LIT	4.7053	0.0096	get 0.0012% / 1h	15m 43s	$3.7M	$13.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.266%Rate

Funding earned: −$0.84
Price spread: +0.266% → +0.134%: $13.24
Slippage, 4 orders: −$23.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.49
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; Lighter RH: live order book, 3 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 edgeX live order book, 42 min ago	5.68 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.44 bp	4.5 bp −$5	12.3 bp −$123	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
01 Exchange LITUSD	−0.0400%	1h	4.6958	+0.063%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6956	+0.059%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0286%	1h	4.6988	+0.128%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.052%	$613K	$388K	50x	as long as short
Gate LIT_USDT	−0.0132%	4h	4.6990	+0.132%	$2.7M	$4.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0120%	1h	4.7017	+0.189%	$41K	$40K	10x	as long as short
Bybit LITUSDT	−0.0080%	4h	4.6943	+0.032%	$41.2M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0077%	4h	4.6970	+0.089%	$1.3M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6998	+0.149%	$202K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7012	+0.178%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7033	+0.223%	$11K	—	150x	as long as short
Extended LIT-USD	+0.0016%	1h	4.6942	+0.030%	$5.1M	$5.0M	25x	as long as short
OKX LIT-USDT-SWAP	+0.0020%	4h	4.6946	+0.038%	$25.2M	$61.0M	50x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.6991	+0.134%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.369%	$422	$178K	5.5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7013	+0.181%	$792K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0075%	8h	4.6928	−0.001%	$6K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0079%	1h	4.6985	+0.121%	$439K	$109K	10x	as long as short
Nado LIT-PERP	+0.0091%	1h	4.6965	+0.078%	$2.2M	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0095%	1h	4.6920	−0.017%	$56K	$76K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.6999	+0.151%	$58.6M	$28.8M	5x	as long as short
Lighter RH LITshort	+0.0096%	1h	4.7053	+0.266%	$3.7M	$13.3M	5x
Hyperliquid LIT	+0.0100%	1h	4.7055	+0.270%	$210.3M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6968	+0.085%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6942	+0.030%	$75.2M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7001	+0.155%	$117K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.071%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6966	+0.081%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6990	+0.132%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7027	+0.211%	$658K	$1.4M	5x	as long as short
edgeX LITUSDClong	+0.0100%	4h	4.6928	long leg	$287K	$305K	10x
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6970	+0.090%	$906K	$1.7M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7030	+0.217%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6995	+0.142%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7015	+0.185%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7051	+0.262%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6981	+0.113%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7033	+0.223%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0262%	1h	4.6977	+0.104%	$10K	$204K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.7023	+0.202%	$31K	$761K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7010	+0.174%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7023	+0.202%	$65K	—	50x	as long as short