Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.019%

Price spread now: edgeX against Lighter RH+0.079%7-day average −0.138% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.079%, 7d avg −0.138%

Together, before fees−0.596%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.217% dearer against Lighter RH than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.138%): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.358% in total) that is about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7700	0.0168	pay 0.0021% / 1h	5m 02s	$3.7M	$13.7M	5x
Short	edgeX LITUSDC	4.7738	0.0100	get 0.0050% / 4h	3h 05m	$291K	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter RH. 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 Lighter RHbpFee edgeXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$14.28
Price spread: +0.079% → −0.138%: $21.68
Slippage, 4 orders: −$21.09
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$22.69
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 3 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 RH live order book, 4 min ago	1.36 bp	3.6 bp −$4	14.3 bp −$143	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	5.24 bp	10.6 bp −$11	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
Deribit LIT_USDC-PERPETUAL	−0.0998%	1h	4.7619	−0.169%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0483%	4h	4.7554	−0.306%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0448%	1h	4.7578	−0.256%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0390%	1h	4.7610	−0.190%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0198%	4h	4.7653	−0.099%	$25.9M	$63.6M	50x	as long as short
ApeX Omni LITUSDT	−0.0194%	1h	4.7680	−0.042%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7681	−0.040%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0092%	4h	4.7680	−0.042%	$906K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.173%	$676K	$392K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.157%	$208K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7672	−0.059%	$32K	$849K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7671	−0.061%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7679	−0.043%	$477	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.713%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0042%	8h	4.7593	−0.225%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.7623	−0.161%	$450K	$104K	10x	as long as short
Nado LIT-PERP	+0.0087%	1h	4.7615	−0.178%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7686	−0.029%	$59.6M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7680	−0.042%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7658	−0.088%	$590K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7605	−0.199%	$76.1M	$79.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7630	−0.147%	$42.9M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7635	−0.136%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7660	−0.083%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7630	−0.147%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7604	−0.201%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7640	−0.126%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7644	−0.117%	$690K	$1.4M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.7738	+0.079%	$291K	$308K	10x
Derive LIT-PERP	+0.0100%	1h	4.7658	−0.088%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7627	−0.153%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7630	−0.147%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7653	−0.099%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7600	−0.210%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7604	−0.202%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7596	−0.219%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7663	−0.078%	$794K	$2.0M	5x	as long as short
Lighter RH LITlong	+0.0168%	1h	4.7700	long leg	$3.7M	$13.7M	5x
Hyperliquid LIT	+0.0305%	1h	4.7708	+0.017%	$214.2M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7589	−0.233%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0357%	1h	4.7714	+0.030%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0190%	1h	4.7655	−0.095%	$64K	—	50x	as long as short