Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0550%/8h= −60.2% APRpaid last 24h −0.177%

Price spread now: Orderly against Lighter RH−0.303%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

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 RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Orderly is 0.303% cheaper against Lighter RH than usual: you would sell low and buy high (−$30 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 RH LIT	4.7158	0.0168	pay 0.0021% / 1h	20m 41s	$3.7M	$13.2M	5x
Short	Orderly PERP_LIT_USDC	4.7015	−0.0382	pay 0.0191% / 4h	3h 20m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.303%Rate

Funding earned: −$115.5
Price spread: −0.303% → 0.000%: −$30.32
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$151.82
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 3 min ago; Orderly: 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 RH live order book, 3 min ago	2.13 bp	2.8 bp −$3	12.7 bp −$127	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit LIT_USDC-PERPETUAL	−0.0586%	1h	4.7073	−0.179%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0382%	4h	4.7015	−0.303%	$32K	$1K	10x
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.597%	$607K	$357K	50x	as long as short
Bullet LIT-USD	−0.0288%	1h	4.7079	−0.168%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.7075	−0.176%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0190%	4h	4.7040	−0.250%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0107%	4h	4.7100	−0.123%	$41.1M	$28.9M	75x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.6930	−0.483%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0048%	4h	4.7096	−0.131%	$25.3M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7001	−0.333%	$202K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7107	−0.107%	$792K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7121	−0.079%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7154	−0.008%	$31K	$744K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7111	−0.099%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0006%	4h	4.7064	−0.199%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.870%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0062%	1h	4.7095	−0.133%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7067	−0.193%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7152	−0.013%	$58.8M	$28.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7160	+0.004%	$210.6M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7120	−0.081%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7085	−0.155%	$75.6M	$78.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7116	−0.089%	$118K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7100	−0.123%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7070	−0.187%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	−0.102%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7102	−0.119%	$660K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6956	−0.428%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7060	−0.208%	$903K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7090	−0.144%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7115	−0.092%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7084	−0.157%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	−0.155%	$1K	$373K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7154	−0.008%	$199K	$359K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.462%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7085	−0.155%	$5.1M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7060	−0.208%	$147K	—	3x	as long as short
Lighter RH LITlong	+0.0168%	1h	4.7158	long leg	$3.7M	$13.2M	5x
Aster LITUSDT	+0.0249%	4h	4.7164	+0.013%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0308%	1h	4.7111	−0.100%	$9K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7045	−0.240%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7120	−0.081%	$65K	—	50x	as long as short