Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: Bitget against Lighter−0.091%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.091%, 7d avg −0.069%

Together, before fees−0.120%+ Points / potential airdropLighter: Season 3 · farm board−$12 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: Bitget is 0.022% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7283	0.0096	pay 0.0012% / 1h	2m 47s	$59.0M	$28.4M	5x
Short	Bitget LITUSDT	4.7240	0.0100	get 0.0050% / 4h	3h 02m	$6.7M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0.84
Price spread: −0.091% → −0.069%: −$2.24
Slippage, 4 orders: −$37.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.86
Costs to cover: 0.495%
Break-even: 430.8 days

Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 6 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 Lighter live order book, 6 min ago	1.06 bp	4.7 bp −$5	14.2 bp −$142	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	1.06 bp	27.1 bp −$27	118.0 bp −$1,180	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	−0.0635%	1h	4.7211	−0.152%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7154	−0.273%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0376%	4h	4.7200	−0.176%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0376%	1h	4.7159	−0.262%	$31K	$5K	5x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7204	−0.167%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.860%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0230%	4h	4.7209	−0.157%	$41.2M	$28.7M	75x	as long as short
ApeX Omni LITUSDT	−0.0115%	1h	4.7180	−0.218%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0101%	4h	4.7205	−0.165%	$25.4M	$60.6M	50x	as long as short
KuCoin LITUSDTM	−0.0032%	4h	4.7243	−0.085%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7286	+0.006%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7233	−0.107%	$791K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7242	−0.087%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7258	−0.052%	$31K	$704K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7259	−0.051%	$11K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0010%	4h	4.7206	−0.164%	$909K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.601%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7157	−0.265%	$6K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7283	long leg	$59.0M	$28.4M	5x
Nado LIT-PERP	+0.0100%	1h	4.7195	−0.186%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7282	−0.002%	$211.1M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7226	−0.121%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7186	−0.206%	$75.7M	$78.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7215	−0.144%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	−0.226%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7230	−0.112%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7186	−0.205%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7240	−0.091%	$6.7M	$2.6M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7244	−0.082%	$662K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7232	−0.109%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7228	−0.116%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7249	−0.071%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7199	−0.178%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7214	−0.146%	$1K	$365K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7185	−0.207%	$200K	$348K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7190	−0.197%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7192	−0.193%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0120%	1h	4.7300	+0.036%	$3.8M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0233%	4h	4.7289	+0.014%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7177	−0.224%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7253	−0.063%	$65K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0483%	1h	4.7278	−0.010%	$9K	$204K	10x	as long as short