LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.027%

Price spread now: Lighter against Polymarket Perps+0.142%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.639%−$64 · spread now +0.142%, 7d avg +0.082%

Together, before fees−0.282%+ Points / potential airdropLighter: Season 3 · farm board−$28 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: Lighter is 0.060% dearer against Polymarket Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LIT-USD	4.7787	0.0100	pay 0.0013% / 1h	2m 22s	$449K	$83K	10x
Short	Lighter LIT	4.7855	0.0096	get 0.0012% / 1h	2m 22s	$59.5M	$27.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$0.84
Price spread: +0.142% → +0.082%: $6.02
Slippage, 4 orders: −$18.98
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.8
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 40 min ago; Lighter: live order book, 7 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 Polymarket Perps live order book, 40 min ago	4.20 bp	11.7 bp −$12	15.5 bp −$155	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.73 bp	4.0 bp −$4	14.2 bp −$142	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	−0.015%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7730	−0.119%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7775	−0.025%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0252%	1h	4.7794	+0.014%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0195%	1h	4.7785	−0.004%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0138%	4h	4.7785	−0.004%	$25.7M	$60.4M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0062%	4h	4.7880	+0.195%	$886K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7871	+0.177%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7817	+0.064%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7929	+0.297%	$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	+0.529%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0044%	1h	4.7828	+0.086%	$675K	$941K	5x	as long as short
Bybit LITUSDT	+0.0050%	4h	4.7790	+0.006%	$41.4M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7825	+0.079%	$7K	$2K	5x	as long as short
Lighter LITshort	+0.0096%	1h	4.7855	+0.142%	$59.5M	$27.6M	5x
Nado LIT-PERP	+0.0100%	1h	4.7785	−0.004%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7849	+0.130%	$769K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7763	−0.050%	$76.5M	$75.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7824	+0.077%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7830	+0.090%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7776	−0.023%	$5.8M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7852	+0.136%	$5.5M	$984K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7830	+0.090%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7875	+0.185%	$293K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7890	+0.216%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.7787	long leg	$449K	$83K	10x
Derive LIT-PERP	+0.0100%	1h	4.7837	+0.105%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7811	+0.050%	$5K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7785	−0.004%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7871	+0.176%	$199K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7770	−0.036%	$1.3M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	+0.226%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7771	−0.033%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7781	−0.012%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7827	+0.084%	$796K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0195%	4h	4.7854	+0.140%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0270%	1h	4.7888	+0.210%	$216.1M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7785	−0.004%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7869	+0.172%	$3.7M	$13.3M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7814	+0.056%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0433%	1h	4.7889	+0.214%	$10K	$205K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7840	+0.110%	$32K	$664K	33x	as long as short