Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.002%

Price spread now: Orderly against Lighter−0.071%7-day average — · you buy dearer than you sell

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

Long on Lighter 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: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.071% cheaper against Lighter than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LITE	943.65	0.0032	pay 0.0004% / 1h	53m 30s	$25K	$104K	10x
Short	Orderly PERP_LITE_USDC_mythos	942.98	0.0100	get 0.0100% / 8h	1h 53m	$917	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.071%Rate

Funding earned: $14.28
Price spread: −0.071% → 0.000%: −$7.1
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $1.18
Costs to cover: 0.060%
Break-even: 6.4 days

Slippage unknown: Lighter: live order book, 36 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 live order book, 36 min ago	1.38 bp	31.5 bp −$31	55.1 bp −$551	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.

LITE on 27 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
Bitget LITEUSDT	−0.0632%	8h	943.84	+0.020%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0072%	1h	946.65	+0.318%	$92K	$212K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	943.96	+0.033%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	943.51	−0.015%	$14K	$220K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	943.75	+0.011%	$12.1M	$49.1M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	943.64	−0.001%	$1.8M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	943.06	−0.063%	$3.6M	$18.1M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	944.27	+0.066%	$7.9M	$6.4M	50x	as long as short
Variational Omni LITE	0.0000%	8h	943.63	−0.002%	$259K	$154K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	944.40	+0.079%	$510	$194K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	942.50	−0.122%	$1K	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	942.82	−0.088%	$18K	$40K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	944.27	+0.066%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	943.79	+0.015%	$1.5M	$720K	10x	as long as short
BloFin LITE-USDT	+0.0004%	8h	944.42	+0.082%	$215K	$238K	20x	as long as short
QFEX LITE-USD	+0.0012%	1h	942.97	−0.072%	$1.1M	$3.5M	10x	as long as short
Lighter LITElong	+0.0032%	1h	943.65	long leg	$25K	$104K	10x
Vest LITE-USD-PERP	+0.0046%	1h	942.45	−0.127%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	943.35	−0.032%	$73K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	943.38	−0.029%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	944.95	+0.138%	$32K	$343K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	943.46	−0.020%	$518K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	944.58	+0.099%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythosshort	+0.0100%	8h	942.98	−0.071%	$917	$3K	10x
Aevo LITE-PERP	+0.0104%	1h	942.86	−0.084%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0113%	1h	943.51	−0.015%	$7.5M	$5.8M	10x	as long as short
edgeX LITEUSDC	+0.0172%	4h	944.14	+0.052%	$61K	$470K	10x	as long as short