Funding you earn now, next payment 23:00 UTC−0.0732%/8h= −80.2% APRpaid last 24h −0.018%
Price spread now: Backpack against Binance+0.064%7-day average +0.273% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now +0.064%, 7d avg +0.273%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Backpack is 0.209% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.273%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% 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 | Binance LITUSDT | 4.7174 | 0.0057 | pay 0.0028% / 4h | 1h 41m | $74.8M | $81.1M | 75x |
| Short | Backpack LIT_USDC_PERP | 4.7204 | −0.0676 | pay 0.0084% / 1h | 41m 25s | $663K | $1.4M | 5x |
Binance LITUSDT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- −$153.76
- Price spread: +0.064% → +0.273%
- −$20.89
- Slippage, 4 orders
- −$15.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$210.02
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Backpack: live order book, 3 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 Binance live order book, 1 min ago | 0.11 bp | 12.3 bp −$12 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.53 bp | 6.2 bp −$6 | 15.4 bp −$154 | 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 | −0.0992% | 4h | 4.7200 | +0.056% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0760% | 1h | 4.7182 | +0.018% | $41K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0676% | 1h | 4.7204 | +0.064% | $663K | $1.4M | 5x | |
| Orderly PERP_LIT_USDC | −0.0631% | 4h | 4.7129 | −0.095% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7180 | +0.014% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0537% | 4h | 4.7160 | −0.029% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0422% | 4h | 4.7164 | −0.020% | $25.3M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0344% | 1h | 4.7181 | +0.016% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0299% | 4h | 4.7197 | +0.050% | $42.7M | $30.4M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0288% | 4h | 4.7250 | +0.162% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0229% | 1h | 4.7171 | −0.006% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0200% | 4h | 4.7104 | −0.149% | $899K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +1.161% | $660K | $388K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7258 | +0.178% | $787K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0042% | 1h | 4.7179 | +0.010% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7231 | +0.122% | $245K | $327K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7255 | +0.172% | $34K | — | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0001% | 8h | 4.7205 | +0.067% | $6K | $2K | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7232 | +0.123% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.837% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0055% | 4h | 4.7164 | −0.020% | $287K | $310K | 10x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7184 | +0.022% | $5.6M | $4.2M | 100x | as long as short |
| Binance LITUSDTlong | +0.0057% | 4h | 4.7174 | long leg | $74.8M | $81.1M | 75x | |
| SoDEX LIT-USD | +0.0071% | 1h | 4.7175 | +0.003% | $1K | $467K | 5x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7194 | +0.043% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7288 | +0.243% | $59.4M | $29.4M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7267 | +0.197% | $210.7M | $44.8M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7255 | +0.173% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7265 | +0.193% | $581K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7234 | +0.128% | $116K | $447K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7148 | −0.054% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7240 | +0.141% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.092% | $55K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7204 | +0.064% | $446K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7219 | +0.096% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7176 | +0.005% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7222 | +0.103% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7210 | +0.076% | $5.2M | $5.1M | 25x | as long as short |
| BloFin LIT-USDT | +0.0219% | 4h | 4.7141 | −0.069% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7218 | +0.093% | $32K | $839K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0356% / S −0.0155% | 1h | 4.7222 | +0.103% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0400% | 1h | 4.7306 | +0.281% | $3.7M | $13.6M | 5x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Phoenix LIT
dYdX LIT-USD
Paradex LIT-USD-PERP
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
SoDEX LIT-USD
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT