Funding you earn now, next payment 02:00 UTC+0.0629%/8h= +68.9% APRpaid last 24h +0.025%
Price spread now: MEXC against Backpack−0.092%7-day average −0.246% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 7 days−0.291%−$29 · spread now −0.092%, 7d avg −0.246%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and MEXC is 0.154% dearer against Backpack than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.246%. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment. 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 | 4.6839 | −0.0529 | get 0.0066% / 1h | 55m 49s | $679K | $1.4M | 5x |
| Short | MEXC LIT_USDT | 4.6796 | 0.0100 | get 0.0050% / 4h | 2h 55m | $5.4M | $4.0M | 100x |
Backpack LIT_USDC_PERP
MEXC LIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $132.15
- Price spread: −0.092% → −0.246%
- $15.39
- Slippage, 4 orders
- −$3.99
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $129.56
- Costs to cover
- 0.180%
- Break-even
- 0.1 days
Slippage from Backpack: live order book, 3 min ago; MEXC: live order book, 7 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, 3 min ago | 0.64 bp | 6.3 bp −$6 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 min ago | 0.11 bp | 3.5 bp −$4 | 35.4 bp −$354 | 263.1 bp −$26.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0616% | 1h | 4.6738 | −0.216% | $33K | $4K | 5x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0529% | 1h | 4.6839 | long leg | $679K | $1.4M | 5x | |
| Orderly PERP_LIT_USDC | −0.0478% | 4h | 4.6746 | −0.199% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0457% | 1h | 4.6806 | −0.070% | $84K | $72K | 20x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0348% | 1h | 4.6822 | −0.036% | $41K | $40K | 10x | as long as short |
| ApeX Omni LITUSDT | −0.0270% | 1h | 4.7020 | +0.386% | $56K | $77K | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0182% | 4h | 4.6839 | 0.000% | $25.4M | $63.3M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0170% | 4h | 4.7070 | +0.493% | $895K | $1.8M | 10x | as long as short |
| KuCoin LITUSDTM | −0.0136% | 4h | 4.6874 | +0.075% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.6919 | +0.171% | $664K | $385K | 50x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Deribit LIT_USDC-PERPETUAL
ApeX Omni LITUSDT
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTXShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0034% | 1h | 4.7049 | +0.448% | $203K | $352K | 5x | as long as short |
| Gate LIT_USDT | −0.0002% | 4h | 4.6830 | −0.019% | $2.8M | $4.2M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6821 | −0.039% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.6840 | +0.003% | $469 | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.564% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0041% | 8h | 4.6801 | −0.080% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.6834 | −0.010% | $780K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6842 | +0.006% | $58.7M | $29.1M | 5x | as long as short |
| Bulk LIT-USD | +0.0096% | 1h | 4.6903 | +0.137% | $117K | $1K | 10x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6825 | −0.030% | $2.1M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6868 | +0.062% | $210.1M | $44.2M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.6862 | +0.049% | $12.5M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6833 | −0.013% | $580K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6801 | −0.081% | $74.8M | $80.1M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6810 | −0.062% | $42.1M | $29.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6825 | −0.030% | $116K | $448K | 5x | as long as short |
| MEXC LIT_USDTshort | +0.0100% | 4h | 4.6796 | −0.092% | $5.4M | $4.0M | 100x | |
| Bitget LITUSDT | +0.0100% | 4h | 4.6820 | −0.041% | $6.7M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6973 | +0.285% | $286K | $304K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6827 | −0.026% | $443K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6833 | −0.014% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6871 | +0.068% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6835 | −0.009% | $1K | $458K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6900 | +0.130% | $187K | $354K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.6830 | −0.019% | $1.4M | $2.7M | 20x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6804 | −0.074% | $5.1M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6810 | −0.062% | $146K | — | 3x | as long as short |
| Lighter RH LIT | +0.0288% | 1h | 4.6884 | +0.096% | $3.7M | $13.2M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0310% | 1h | 4.7172 | +0.710% | $10K | $208K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6809 | −0.064% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0400% / S −0.0193% | 1h | 4.6828 | −0.023% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6840 | +0.002% | $31K | $856K | 33x | as long as short |
Phoenix LIT
Gate LIT_USDT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
RISEx LIT/USDC
Lighter LIT
Bulk LIT-USD
Nado LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT