Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: SunX against Lighter−0.092%7-day average −0.142% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.092%, 7d avg −0.142%

Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · farm board−$13 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: SunX is 0.050% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LIT	4.7855	0.0096	pay 0.0012% / 1h	2m 02s	$59.5M	$27.6M	5x
Short	SunX LIT-USDT	4.7811	0.0100	get 0.0050% / 4h	1h 02m	$5K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0.84
Price spread: −0.092% → −0.142%: $4.97
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$2.19
Costs to cover: 0.080%
Break-even: 25.3 days

Slippage unknown: Lighter: live order book, 7 min ago; SunX: live order book, 1 min ago. 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, 7 min ago	0.73 bp	2.8 bp −$3	13.8 bp −$138	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	500.07 bp	doesn't fit	doesn't fit	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.157%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7730	−0.261%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7775	−0.167%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0252%	1h	4.7794	−0.128%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0195%	1h	4.7785	−0.146%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0138%	4h	4.7773	−0.171%	$25.7M	$60.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0062%	4h	4.7880	+0.052%	$886K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7871	+0.034%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7817	−0.078%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7929	+0.155%	$206K	$301K	5x	as long as short

Show 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	+0.387%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0041%	1h	4.7795	−0.125%	$674K	$941K	5x	as long as short
Bybit LITUSDT	+0.0050%	4h	4.7780	−0.157%	$41.4M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7825	−0.063%	$7K	$2K	5x	as long as short
Lighter LITlong	+0.0096%	1h	4.7855	long leg	$59.5M	$27.6M	5x
Nado LIT-PERP	+0.0100%	1h	4.7785	−0.146%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7849	−0.012%	$769K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7773	−0.171%	$76.5M	$75.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7824	−0.065%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7810	−0.094%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7766	−0.186%	$5.8M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7840	−0.031%	$5.4M	$984K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7830	−0.052%	$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	+0.073%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7787	−0.142%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	−0.038%	$2K	$961	6.7x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.7811	−0.092%	$5K	$1.1M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7785	−0.146%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7871	+0.033%	$199K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7770	−0.178%	$1.3M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	+0.084%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7771	−0.175%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7781	−0.154%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7827	−0.059%	$796K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0195%	4h	4.7853	−0.004%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0271%	1h	4.7884	+0.061%	$216.0M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7785	−0.146%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7869	+0.029%	$3.7M	$13.3M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7814	−0.086%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0433%	1h	4.7889	+0.072%	$10K	$205K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7840	−0.032%	$32K	$664K	33x	as long as short