LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0297%/8h= −32.6% APRnext payment −$0.37 per $10,000 · paid last 24h −0.062%

Price spread now: Backpack against Aftermath Perps+0.017%7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on Aftermath Perps Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.311%−$31 on $10k

Price spread, last 3 days (all we have)−0.913%−$91 · spread now +0.017%, 7d avg −0.084%

Together, before fees−1.224%−$122 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.101% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.084%): +$10 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LITUSD	4.7489	−0.0288	get 0.0036% / 1h	2m 32s	$12K	$204K	10x
Short	Backpack LIT_USDC_PERP	4.7497	−0.0586	pay 0.0073% / 1h	2m 32s	$666K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aftermath 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 Aftermath PerpsbpFee BackpackbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$62.45
Price spread: +0.017% → −0.084%: $10.13
Slippage, 4 orders: −$48.1
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$119.42
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 17 min ago; Backpack: live order book, 1 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 Aftermath Perps live order book, 17 min ago	5.21 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.10 bp	5.5 bp −$5	14.9 bp −$149	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
Gate LIT_USDT	−0.1120%	4h	4.7540	+0.108%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0767%	1h	4.7457	−0.068%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0630%	4h	4.7395	−0.198%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERPshort	−0.0586%	1h	4.7497	+0.017%	$666K	$1.4M	5x
01 Exchange LITUSD	−0.0560%	1h	4.7503	+0.030%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0497%	4h	4.7460	−0.061%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0461%	4h	4.7487	−0.004%	$25.7M	$63.5M	50x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.7531	+0.089%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSDlong	−0.0288%	1h	4.7489	long leg	$12K	$204K	10x
KuCoin LITUSDTM	−0.0238%	4h	4.7490	+0.002%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0217%	4h	4.7535	+0.097%	$42.9M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7670	+0.381%	$674K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7540	+0.108%	$905K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7560	+0.149%	$812K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7564	+0.158%	$206K	$327K	5x	as long as short
Nado LIT-PERP	−0.0010%	1h	4.7493	+0.010%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7513	+0.052%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7506	+0.035%	$31K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7571	+0.174%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0006%	8h	4.7468	−0.044%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.161%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7498	+0.019%	$5.7M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7553	+0.136%	$289K	$311K	10x	as long as short
Binance LITUSDT	+0.0057%	4h	4.7529	+0.084%	$75.6M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7458	−0.065%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7522	+0.070%	$59.9M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7604	+0.242%	$212.9M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7550	+0.129%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7506	+0.035%	$615K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7512	+0.049%	$118K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.196%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	+0.108%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	+0.023%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7524	+0.074%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7496	+0.014%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7527	+0.080%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7460	−0.061%	$997	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7502	+0.028%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7484	−0.010%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7547	+0.122%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7420	−0.145%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7573	+0.176%	$62K	—	50x	as long as short