Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.049%

Price spread now: Lighter against KuCoin+0.125%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.125%, 7d avg +0.075%

Together, before fees+0.161%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.050% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.6557	−0.0014	get 0.0007% / 4h	38m 50s	$5.2M	$1.0M	30x
Short	Lighter LIT	4.6615	0.0096	get 0.0012% / 1h	38m 50s	$58.1M	$28.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $23.1
Price spread: +0.125% → +0.075%: $4.96
Slippage, 4 orders: −$50.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.09
Costs to cover: 0.622%
Break-even: 17.3 days

Slippage from KuCoin: live order book, 4 min ago; Lighter: live order book, 5 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 KuCoin live order book, 4 min ago	8.90 bp	29.7 bp −$30	459.6 bp −$4,596	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.64 bp	4.8 bp −$5	20.1 bp −$201	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
Deribit LIT_USDC-PERPETUAL	−0.0561%	1h	4.6563	+0.012%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0520%	1h	4.6516	−0.088%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0394%	4h	4.6541	−0.034%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0272%	1h	4.6574	+0.037%	$83K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0251%	1h	4.6594	+0.079%	$657K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0238%	4h	4.6590	+0.071%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.624%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0125%	4h	4.6540	−0.037%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0088%	1h	4.6545	−0.026%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0054%	1h	4.6555	−0.004%	$2.1M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.6718	+0.346%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0028%	4h	4.6559	+0.004%	$41.0M	$28.8M	75x	as long as short
KuCoin LITUSDTMlong	−0.0014%	4h	4.6557	long leg	$5.2M	$1.0M	30x
OKX LIT-USDT-SWAP	−0.0004%	4h	4.6577	+0.043%	$25.0M	$61.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6632	+0.161%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6613	+0.121%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0032%	1h	4.6640	+0.178%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+3.185%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0046%	1h	4.6580	+0.049%	$435K	$110K	10x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6542	−0.033%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6600	+0.091%	$777K	$2.1M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0074%	4h	4.6661	+0.223%	$906K	$1.8M	10x	as long as short
Lighter LITshort	+0.0096%	1h	4.6615	+0.125%	$58.1M	$28.6M	5x
Lighter RH LIT	+0.0096%	1h	4.6621	+0.137%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6637	+0.172%	$208.6M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6590	+0.071%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6556	−0.002%	$74.4M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6702	+0.311%	$121K	$450K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6557	0.000%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6590	+0.071%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6641	+0.181%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6583	+0.055%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6573	+0.034%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6560	+0.006%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6660	+0.221%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	+0.147%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6529	−0.060%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6636	+0.170%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0236%	1h	4.6693	+0.293%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6622	+0.139%	$31K	$789K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6557	0.000%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6613	+0.121%	$62K	—	50x	as long as short