Funding you earn now, next payment 22:00 UTC+0.0398%/8h= +43.6% APRnext payment +$0.50 per $10,000 · paid last 24h +0.012%
Price spread now: Bulk against Backpack−0.399%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 3 days (all we have)−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.399%, 7d avg −0.015%
=Funding pays, the price is against you. Bulk is 0.383% cheaper against Backpack than usual: you would sell low and buy high (spread −0.399% now, against its 7-day average of −0.015%). If the spread goes back, that is −$38 on $10k: about 3.2 days of funding at the current rate (+$12 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.026% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LIT_USDC_PERP | 4.7644 | −0.0298 | get 0.0037% / 1h | 19m 37s | $669K | $1.5M | 5x |
| Short | Bulk LIT-USD | 4.7454 | 0.0100 | get 0.0013% / 1h | 19m 37s | $119K | $6K | 10x |
Backpack LIT_USDC_PERP
Bulk LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $83.58
- Price spread: −0.399% → −0.015%
- −$38.34
- Slippage, 4 orders
- −$10.06
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $18.18
- Costs to cover
- 0.271%
- Break-even
- 5.5 days
Slippage from Backpack: live order book, 4 min ago; Bulk: live order book, 4 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 Backpack live order book, 4 min ago | 0.63 bp | 6.7 bp −$7 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 4 min ago | 0.74 bp | 8.4 bp −$8 | 18.1 bp −$181 | 57.0 bp −$5,705 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.1021% | 1h | 4.7613 | −0.066% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0612% | 4h | 4.7670 | +0.055% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0612% | 4h | 4.7577 | −0.141% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0563% | 4h | 4.7590 | −0.113% | $1.3M | $2.7M | 20x | as long as short |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7596 | −0.101% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0341% | 1h | 4.7630 | −0.029% | $86K | $81K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0325% | 4h | 4.7625 | −0.040% | $25.1M | $62.1M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0298% | 4h | 4.7667 | +0.048% | $5.3M | $1.1M | 30x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0298% | 1h | 4.7644 | long leg | $669K | $1.5M | 5x | |
| Bybit LITUSDT | −0.0296% | 4h | 4.7630 | −0.029% | $43.1M | $30.6M | 75x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
Phemex LITUSDT
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0296% | 4h | 4.7469 | −0.368% | $906K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.162% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7583 | −0.128% | $247K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0020% | 8h | 4.7627 | −0.035% | $6K | $2K | 5x | as long as short |
| SoDEX LIT-USD | −0.0006% | 1h | 4.7605 | −0.082% | $1K | $487K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7699 | +0.115% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7666 | +0.046% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7659 | +0.030% | $830K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0014% | 1h | 4.7629 | −0.030% | $2.2M | $1.7M | 10x | as long as short |
| Aftermath Perps LITUSD | +0.0021% | 1h | 4.7574 | −0.147% | $12K | $199K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0031% | 1h | 4.7642 | −0.004% | $450K | $105K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.831% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0038% | 4h | 4.7597 | −0.099% | $290K | $311K | 10x | as long as short |
| MEXC LIT_USDT | +0.0044% | 4h | 4.7632 | −0.025% | $5.8M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0044% | 4h | 4.7614 | −0.062% | $75.4M | $81.3M | 75x | as long as short |
| Extended LIT-USD | +0.0048% | 1h | 4.7633 | −0.023% | $5.3M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0056% | 1h | 4.7602 | −0.088% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7727 | +0.174% | $59.8M | $30.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7728 | +0.176% | $212.0M | $45.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7717 | +0.153% | $12.8M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7675 | +0.065% | $588K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7633 | −0.023% | $117K | $449K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7660 | +0.034% | $6.8M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7680 | +0.076% | $56K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7653 | +0.018% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7690 | +0.097% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7721 | +0.162% | $191K | $329K | 30x | as long as short |
| Bulk LIT-USDshort | +0.0100% | 1h | 4.7454 | −0.399% | $119K | $6K | 10x | |
| Perpl LIT | +0.0112% | 43m | 4.7684 | +0.084% | $32K | $839K | 33x | as long as short |
| BloFin LIT-USDT | +0.0160% | 4h | 4.7593 | −0.107% | $1.5M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0359% / S −0.0155% | 1h | 4.7680 | +0.075% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0424% | 1h | 4.7750 | +0.222% | $3.8M | $14.2M | 5x | as long as short |
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
Phoenix LIT
Paradex LIT-USD-PERP
SoDEX LIT-USD
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Nado LIT-PERP
Aftermath Perps LITUSD
Polymarket Perps LIT-USD
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT