Funding you earn now, next payment 22:00 UTC+0.0727%/8h= +79.7% APRnext payment +$0.91 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter RH against Backpack+0.173%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs+$5as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 7 days+0.447%+$45 · spread now +0.173%, 7d avg −0.102%
=Together, before fees+0.675%+ Points / potential airdropLighter RH: Points live · farm board+$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter RH is 0.275% dearer against Backpack than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.228% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 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 | 4.7459 | −0.0503 | get 0.0063% / 1h | 52m 43s | $667K | $1.5M | 5x |
| Short | Lighter RH LIT | 4.7541 | 0.0224 | get 0.0028% / 1h | 52m 43s | $3.7M | $14.0M | 5x |
Backpack LIT_USDC_PERP
Lighter RH LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $152.77
- Price spread: +0.173% → −0.102%
- $27.46
- Slippage, 4 orders
- −$12.65
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $157.57
- Costs to cover
- 0.227%
- Break-even
- from the start
Slippage from Backpack: live order book, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago | 1.26 bp | 6.6 bp −$7 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 2.52 bp | 5.3 bp −$5 | 14.0 bp −$140 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.1072% | 1h | 4.7443 | −0.034% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0680% | 1h | 4.7407 | −0.110% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0564% | 4h | 4.7386 | −0.154% | $32K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0503% | 1h | 4.7459 | long leg | $667K | $1.5M | 5x | |
| Phemex LITUSDT | −0.0469% | 4h | 4.7380 | −0.166% | $1.3M | $2.7M | 20x | as long as short |
| Bullet LIT-USD | −0.0368% | 1h | 4.7448 | −0.024% | $85K | $81K | 20x | as long as short |
| Gate LIT_USDT | −0.0360% | 4h | 4.7450 | −0.019% | $2.8M | $4.5M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0332% | 4h | 4.7463 | +0.008% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0298% | 4h | 4.7428 | −0.065% | $25.1M | $60.7M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0260% | 4h | 4.7480 | +0.044% | $895K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Phemex LITUSDT
Bullet LIT-USD
Gate LIT_USDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0214% | 4h | 4.7450 | −0.019% | $42.9M | $30.2M | 75x | as long as short |
| Nado LIT-PERP | −0.0183% | 1h | 4.7435 | −0.050% | $2.1M | $1.7M | 10x | as long as short |
| SoDEX LIT-USD | −0.0155% | 1h | 4.7425 | −0.072% | $984 | $474K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +2.093% | $668K | $408K | 50x | as long as short |
| Extended LIT-USD | −0.0056% | 1h | 4.7415 | −0.093% | $5.2M | $5.2M | 25x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7466 | +0.015% | $246K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0016% | 8h | 4.7377 | −0.173% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7460 | +0.002% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7487 | +0.059% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7490 | +0.065% | $815K | $2.0M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.224% | $422 | $178K | 5.5x | as long as short |
| Polymarket Perps LIT-USD | +0.0051% | 1h | 4.7474 | +0.032% | $448K | $104K | 10x | as long as short |
| MEXC LIT_USDT | +0.0052% | 4h | 4.7422 | −0.078% | $5.9M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0053% | 4h | 4.7428 | −0.065% | $74.9M | $80.6M | 75x | as long as short |
| edgeX LITUSDC | +0.0056% | 4h | 4.7481 | +0.046% | $289K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0064% | 1h | 4.7397 | −0.131% | $148K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0083% | 1h | 4.7490 | +0.065% | $56K | $78K | 50x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | +0.354% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7493 | +0.072% | $211.0M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7487 | +0.059% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7487 | +0.059% | $596K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7448 | −0.023% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7450 | −0.019% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7482 | +0.048% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7473 | +0.029% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7468 | +0.019% | $189K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7484 | +0.052% | $31K | $842K | 33x | as long as short |
| Lighter LIT | +0.0120% | 1h | 4.7530 | +0.150% | $59.6M | $29.5M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0168% | 1h | 4.7616 | +0.330% | $11K | $198K | 10x | as long as short |
| BloFin LIT-USDT | +0.0213% | 4h | 4.7389 | −0.147% | $1.6M | $2.0M | 75x | as long as short |
| Lighter RH LITshort | +0.0224% | 1h | 4.7541 | +0.173% | $3.7M | $14.0M | 5x | |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7489 | +0.062% | $60K | — | 50x | as long as short |
Bybit LITUSDT
Nado LIT-PERP
SoDEX LIT-USD
Coinbase International LIT-PERP-INTX
Extended LIT-USD
Phoenix LIT
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
Polymarket Perps LIT-USD
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
ApeX Omni LITUSDT
Bulk LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
Lighter LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]