Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.190%
Price spread now: Deribit against Lighter−0.163%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.163% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.7896 | 0.0096 | pay 0.0012% / 1h | 2m 54s | $59.6M | $27.5M | 5x |
| Short | Deribit LIT_USDC-PERPETUAL | 4.7818 | −0.0024 | pay 0.0003% / 1h | 2m 54s | $42K | $40K | 10x |
Lighter LIT
Deribit LIT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.17
- Price spread: −0.163% → 0.000%
- −$16.26
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$48.44
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Deribit: no order-book sample. Net counts fees only.
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 | 0.73 bp | 2.8 bp −$3 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0440% | 1h | 4.7780 | −0.243% | $605K | $352K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0363% | 4h | 4.7748 | −0.309% | $33K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0264% | 1h | 4.7780 | −0.242% | $31K | $3K | 5x | as long as short |
| Bullet LIT-USD | −0.0194% | 1h | 4.7808 | −0.184% | $86K | $66K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0137% | 4h | 4.7794 | −0.213% | $25.7M | $60.4M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0062% | 4h | 4.7880 | −0.033% | $886K | $2.0M | 10x | as long as short |
| Deribit LIT_USDC-PERPETUALshort | −0.0024% | 1h | 4.7818 | −0.163% | $42K | $40K | 10x | |
| dYdX LIT-USD | 0.0000% | 1h | 4.7871 | −0.051% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7846 | −0.104% | $11K | — | 150x | as long as short |
| Phoenix LIT | +0.0033% | 1h | 4.7929 | +0.069% | $206K | $301K | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.301% | $422 | $178K | 5.5x | as long as short |
| Bybit LITUSDT | +0.0041% | 4h | 4.7786 | −0.230% | $41.4M | $28.0M | 75x | as long as short |
| Backpack LIT_USDC_PERP | +0.0044% | 1h | 4.7828 | −0.142% | $675K | $941K | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0093% | 8h | 4.7784 | −0.235% | $7K | $2K | 5x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7896 | long leg | $59.6M | $27.5M | 5x | |
| Nado LIT-PERP | +0.0100% | 1h | 4.7810 | −0.179% | $2.1M | $1.6M | 10x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7848 | −0.099% | $769K | $1.8M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7786 | −0.229% | $76.6M | $75.4M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7835 | −0.127% | $124K | $445K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7850 | −0.096% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7789 | −0.223% | $5.8M | $4.0M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.7865 | −0.065% | $5.5M | $992K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7850 | −0.096% | $6.8M | $2.5M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7875 | −0.043% | $293K | $304K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7890 | −0.013% | $57K | $73K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7815 | −0.169% | $449K | $83K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7837 | −0.123% | $2K | $961 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7798 | −0.205% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7816 | −0.167% | $1K | $333K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7871 | −0.052% | $199K | $298K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.7820 | −0.159% | $1.4M | $2.8M | 20x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7895 | −0.002% | $119K | $7K | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7775 | −0.253% | $5.1M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7836 | −0.126% | $150K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0148% | 1h | 4.7841 | −0.115% | $804K | $2.3M | 5x | as long as short |
| Aster LITUSDT | +0.0199% | 4h | 4.7884 | −0.024% | $12.8M | $1.9M | 50x | as long as short |
| Hyperliquid LIT | +0.0270% | 1h | 4.7889 | −0.015% | $216.1M | $39.0M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7785 | −0.232% | $1.6M | $2.3M | 75x | as long as short |
| Lighter RH LIT | +0.0368% | 1h | 4.7913 | +0.035% | $3.7M | $13.3M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0425% / S −0.0217% | 1h | 4.7835 | −0.128% | $64K | — | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0428% | 1h | 4.7904 | +0.017% | $10K | $205K | 10x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7850 | −0.096% | $32K | $664K | 33x | as long as short |
Injective LIT/USDC PERP
Bybit LITUSDT
Backpack LIT_USDC_PERP
Paradex LIT-USD-PERP
Nado LIT-PERP
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Bulk LIT-USD
Extended LIT-USD
Aevo LIT-PERP
RISEx LIT/USDC
Aster LITUSDT
Hyperliquid LIT
BloFin LIT-USDT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]
Aftermath Perps LITUSD
Perpl LIT