BlockBeats reports that on December 23, according to data from the Pacifica and Hyperliquid official websites, there is a price and funding rate discrepancy in the pre-market perpetual contracts for Lighter (LIT) between the two platforms, leading some traders to engage in hedging arbitrage.

The current LIT price on Pacifica is approximately $3.94, with a funding rate of -0.0134% (shorts pay longs); while the price on Hyperliquid is approximately $4.05, with a funding rate of +0.0013% (longs pay shorts). The price difference between the two is about 1%, and the funding rate directions are opposite.

According to news earlier today, Hyperliquid has launched the USDC perpetual contract trading for LIT (Lighter), supporting up to 3x leverage.

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