Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%

Price spread now: Lighter RH against HTX+0.015%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now +0.015%, 7d avg +0.015%

Together, before fees+0.475%+ Points / potential airdropLighter RH: Points live · farm board+$48 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7866	0.0100	pay 0.0050% / 4h	3h 26m	$192K	$305K	30x
Short	Lighter RH LIT	4.7873	0.0096	get 0.0012% / 1h	26m 48s	$3.7M	$12.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → +0.015%: −$0.01
Slippage, 4 orders: −$57.35
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$70.2
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Lighter RH: live order book, 2 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 HTX live order book, 5 min ago	18.18 bp	32.1 bp −$32	219.6 bp −$2,196	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.36 bp	3.2 bp −$3	11.3 bp −$113	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	−0.0488%	1h	4.7785	−0.169%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0482%	4h	4.7728	−0.288%	$881K	$2.0M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7758	−0.226%	$33K	$313	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0321%	1h	4.7822	−0.092%	$42K	$39K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7938	+0.150%	$607K	$348K	50x	as long as short
Gate LIT_USDT	−0.0258%	4h	4.7870	+0.008%	$2.8M	$4.0M	50x	as long as short
Bullet LIT-USD	−0.0235%	1h	4.7825	−0.086%	$86K	$66K	20x	as long as short
ApeX Omni LITUSDT	−0.0170%	1h	4.7690	−0.368%	$57K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0160%	4h	4.7824	−0.088%	$25.9M	$58.8M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0089%	1h	4.7836	−0.063%	$682K	$985K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0051%	4h	4.7815	−0.107%	$41.5M	$27.1M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7812	−0.113%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7766	−0.210%	$35K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.7718	−0.309%	$205K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.364%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0040%	1h	4.7800	−0.138%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7793	−0.153%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7843	−0.048%	$59.6M	$26.1M	5x	as long as short
Lighter RH LITshort	+0.0096%	1h	4.7873	+0.015%	$3.7M	$12.2M	5x
Hyperliquid LIT	+0.0100%	1h	4.7863	−0.006%	$216.0M	$38.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7808	−0.121%	$649K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7795	−0.148%	$76.8M	$73.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7801	−0.136%	$125K	$424K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7811	−0.115%	$6.2M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7841	−0.052%	$5.4M	$867K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7820	−0.096%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7711	−0.324%	$292K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7840	−0.054%	$446K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7720	−0.306%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7802	−0.134%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7830	−0.075%	$1K	$332K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7866	long leg	$192K	$305K	30x
Phemex LITUSDT	+0.0100%	4h	4.7800	−0.138%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7738	−0.267%	$121K	$2K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7820	−0.097%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7804	−0.129%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7801	−0.136%	$796K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0269%	4h	4.7876	+0.020%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7824	−0.087%	$32K	$627K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7792	−0.155%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7843	−0.048%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0460%	1h	4.7850	−0.033%	$10K	$197K	10x	as long as short