Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: HTX against Lighter+0.049%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.049%, 7d avg +0.030%

Together, before fees−0.170%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7377	0.0096	pay 0.0012% / 1h	15m 41s	$59.3M	$29.6M	5x
Short	HTX LIT-USDT	4.7400	0.0100	get 0.0050% / 4h	2h 15m	$191K	$360K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0.84
Price spread: +0.049% → +0.030%: $1.85
Slippage, 4 orders: −$60.31
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$69.62
Costs to cover: 0.723%
Break-even: 587.2 days

Slippage from Lighter: live order book, 8 min ago; HTX: live order book, 52 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, 8 min ago	0.74 bp	4.2 bp −$4	17.1 bp −$171	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	20.87 bp	31.6 bp −$32	162.7 bp −$1,627	doesn't fit	doesn't fit

LIT on 41 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	−0.0616%	1h	4.7195	−0.384%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7182	−0.412%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0423%	1h	4.7244	−0.280%	$85K	$72K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0352%	1h	4.7279	−0.208%	$41K	$40K	10x	as long as short
Phemex LITUSDT	−0.0208%	4h	4.7230	−0.310%	$1.4M	$2.7M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7340	−0.078%	$900K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0173%	1h	4.7310	−0.141%	$56K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0130%	4h	4.7281	−0.203%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0120%	4h	4.7307	−0.148%	$25.7M	$63.3M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7434	+0.120%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7291	−0.182%	$669K	$372K	50x	as long as short
Bulk LIT-USD	−0.0020%	1h	4.7177	−0.422%	$118K	$1K	10x	as long as short
Bybit LITUSDT	−0.0020%	4h	4.7309	−0.144%	$42.2M	$29.1M	75x	as long as short
Gate LIT_USDT	−0.0010%	4h	4.7310	−0.141%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7341	−0.076%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7287	−0.190%	$473	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0033%	8h	4.7283	−0.198%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.399%	$422	$178K	5.5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7305	−0.152%	$806K	$2.0M	5x	as long as short
MEXC LIT_USDT	+0.0094%	4h	4.7319	−0.122%	$5.5M	$4.1M	100x	as long as short
Lighter LITlong	+0.0096%	1h	4.7377	long leg	$59.3M	$29.6M	5x
Binance LITUSDT	+0.0097%	4h	4.7310	−0.142%	$75.4M	$79.9M	75x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7218	−0.335%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7407	+0.063%	$212.1M	$42.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7324	−0.112%	$587K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7302	−0.158%	$117K	$447K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7350	−0.057%	$6.7M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7342	−0.074%	$686K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7300	−0.162%	$288K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7269	−0.228%	$447K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7307	−0.148%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7282	−0.201%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7270	−0.226%	$1K	$439K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7400	+0.049%	$191K	$360K	30x
Extended LIT-USD	+0.0104%	1h	4.7329	−0.102%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7256	−0.256%	$148K	—	3x	as long as short
Aster LITUSDT	+0.0110%	4h	4.7397	+0.043%	$12.7M	$2.1M	50x	as long as short
Lighter RH LIT	+0.0136%	1h	4.7403	+0.055%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0260%	1h	4.7322	−0.116%	$10K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0199%	1h	4.7267	−0.232%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7268	−0.229%	$31K	$851K	33x	as long as short