LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0631%/8h= +69.1% APRnext payment +$0.79 per $10,000 · paid last 24h 0.000%

Price spread now: RISEx against Backpack+0.001%7-day average −0.228% · 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+$1as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 7 days+0.338%+$34 · spread now +0.001%, 7d avg −0.228%

Together, before fees+0.425%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and RISEx is 0.229% dearer against Backpack than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.228%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.087% in total (about 9.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 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	4.7316	−0.0622	get 0.0078% / 1h	48m 04s	$665K	$1.5M	5x
Short	RISEx LIT/USDC	4.7317	0.0009	get 0.0001% / 1h	48m 04s	$814K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Backpack. 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 BackpackbpFee RISExbpOrdersPrice spread, now +0.001%Rate

Funding earned: $132.53
Price spread: +0.001% → −0.228%: $22.86
Slippage, 4 orders: −$6.18
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $133.22
Costs to cover: 0.222%
Break-even: from the start

Slippage from Backpack: live order book, 1 min ago; RISEx: 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 Backpack live order book, 1 min ago	0.32 bp	6.0 bp −$6	15.4 bp −$154	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	2.22 bp	5.2 bp −$5	16.5 bp −$165	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	−0.0953%	1h	4.7325	+0.019%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7214	−0.216%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERPlong	−0.0622%	1h	4.7316	long leg	$665K	$1.5M	5x
Orderly PERP_LIT_USDC	−0.0574%	4h	4.7258	−0.123%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0526%	4h	4.7270	−0.097%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0420%	4h	4.7280	−0.076%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7297	−0.040%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0301%	4h	4.7232	−0.178%	$25.0M	$60.6M	50x	as long as short
Bullet LIT-USD	−0.0287%	1h	4.7304	−0.025%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	+0.180%	$898K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0229%	4h	4.7250	−0.139%	$42.7M	$30.3M	75x	as long as short
Nado LIT-PERP	−0.0175%	1h	4.7270	−0.097%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7349	+0.069%	$653K	$399K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7242	−0.157%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0054%	1h	4.7320	+0.008%	$980	$480K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.252%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7253	−0.133%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7300	−0.033%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7360	+0.094%	$35K	—	150x	as long as short
RISEx LIT/USDCshort	+0.0009%	1h	4.7317	+0.001%	$814K	$2.0M	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.530%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0041%	4h	4.7225	−0.192%	$74.7M	$80.8M	75x	as long as short
MEXC LIT_USDT	+0.0042%	4h	4.7241	−0.159%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.295%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7296	−0.042%	$148K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0077%	1h	4.7308	−0.017%	$447K	$105K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.171%	$119K	$7K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7342	+0.055%	$59.4M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7290	−0.055%	$210.1M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7361	+0.095%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7335	+0.041%	$594K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7297	−0.040%	$117K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	−0.118%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.283%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7371	+0.115%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7339	+0.049%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7405	+0.188%	$189K	$327K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7305	−0.022%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0170%	4h	4.7362	+0.097%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0184%	1h	4.7495	+0.378%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0320%	1h	4.7415	+0.209%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7367	+0.109%	$59K	—	50x	as long as short