Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.111%

Price spread now: OKX against Lighter RH0.000%7-day average −0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.540%−$54 on $10k

Price spread, last 7 days−0.018%−$2 · spread now 0.000%, 7d avg −0.135%

Together, before fees−0.558%+ Points / potential airdropLighter RH: Points live · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.135% dearer against Lighter RH than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.135%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH LIT	4.7902	0.0320	pay 0.0040% / 1h	23m 18s	$3.7M	$13.2M	5x
Short	OKX LIT-USDT-SWAP	4.7902	−0.0152	pay 0.0076% / 4h	1h 23m	$25.7M	$61.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$99.22
Price spread: 0.000% → −0.135%: $13.52
Slippage, 4 orders: −$16.6
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$112.3
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; OKX: live order book, 5 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, 6 min ago	0.84 bp	2.8 bp −$3	19.3 bp −$193	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.84 bp	9.9 bp −$10	27.3 bp −$273	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	−0.255%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0370%	4h	4.7848	−0.113%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7787	−0.240%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0228%	1h	4.7898	−0.008%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0152%	4h	4.7902	0.000%	$25.7M	$61.3M	50x
Deribit LIT_USDC-PERPETUAL	−0.0149%	1h	4.7843	−0.123%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0109%	1h	4.7861	−0.086%	$675K	$1.0M	5x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7520	−0.797%	$877K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7821	−0.168%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7724	−0.372%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7862	−0.084%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.288%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0048%	1h	4.7886	−0.034%	$5.1M	$5.2M	25x	as long as short
Bybit LITUSDT	+0.0061%	4h	4.7881	−0.044%	$41.5M	$28.4M	75x	as long as short
Phemex LITUSDT	+0.0087%	4h	4.7810	−0.192%	$1.3M	$2.8M	20x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7816	−0.180%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7888	−0.029%	$59.6M	$27.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0096%	1h	4.7510	−0.818%	$57K	$73K	50x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7806	−0.199%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7865	−0.078%	$767K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7879	−0.048%	$76.6M	$76.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7812	−0.188%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7840	−0.129%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7840	−0.129%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7840	−0.129%	$5.4M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7930	+0.058%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7482	−0.878%	$290K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7842	−0.125%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7664	−0.497%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7884	−0.038%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7852	−0.104%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7879	−0.048%	$199K	$313K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7420	−1.006%	$118K	$7K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7906	+0.008%	$150K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7905	+0.007%	$32K	$672K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7822	−0.167%	$811K	$2.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0208%	1h	4.7697	−0.428%	$9K	$208K	10x	as long as short
Aster LITUSDT	+0.0222%	4h	4.7919	+0.035%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0287%	1h	4.7904	+0.004%	$216.0M	$39.4M	5x	as long as short
Lighter RH LITlong	+0.0320%	1h	4.7902	long leg	$3.7M	$13.2M	5x
BloFin LIT-USDT	+0.0340%	4h	4.7718	−0.384%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7853	−0.103%	$64K	—	50x	as long as short