Funding you earn now, next payment 23:00 UTC−0.0686%/8h= −75.1% APRnext payment −$0.86 per $10,000 · paid last 24h −0.017%
Price spread now: Backpack against Bulk+0.213%7-day average +0.019% · 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−$11as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 3 days (all we have)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.213%, 7d avg +0.019%
=The price spread pays, funding is against you. Backpack is 0.194% dearer against Bulk than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.019%): +$19 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.021% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.86 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 | Bulk LIT-USD | 4.7396 | 0.0100 | pay 0.0013% / 1h | 2m 27s | $118K | $6K | 10x |
| Short | Backpack LIT_USDC_PERP | 4.7497 | −0.0586 | pay 0.0073% / 1h | 2m 27s | $666K | $1.4M | 5x |
Bulk LIT-USD
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bulk. 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
- −$144
- Price spread: +0.213% → +0.019%
- $19.41
- Slippage, 4 orders
- −$13.06
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$154.65
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 16 min ago; Backpack: live order book, 2 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 Bulk live order book, 16 min ago | 0.96 bp | 8.1 bp −$8 | 19.4 bp −$194 | 73.4 bp −$7,342 | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.10 bp | 5.5 bp −$5 | 14.9 bp −$149 | 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 | −0.1120% | 4h | 4.7540 | +0.304% | $2.8M | $4.6M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0767% | 1h | 4.7457 | +0.128% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0630% | 4h | 4.7395 | −0.002% | $32K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0586% | 1h | 4.7497 | +0.213% | $666K | $1.4M | 5x | |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7503 | +0.226% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0497% | 4h | 4.7460 | +0.135% | $1.4M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0461% | 4h | 4.7487 | +0.192% | $25.7M | $63.5M | 50x | as long as short |
| Bullet LIT-USD | −0.0328% | 1h | 4.7531 | +0.285% | $85K | $81K | 20x | as long as short |
| Aftermath Perps LITUSD | −0.0288% | 1h | 4.7489 | +0.196% | $12K | $204K | 10x | as long as short |
| KuCoin LITUSDTM | −0.0238% | 4h | 4.7490 | +0.198% | $5.3M | $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
Aftermath Perps LITUSD
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0217% | 4h | 4.7535 | +0.293% | $42.9M | $30.0M | 75x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7670 | +0.578% | $674K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0130% | 4h | 4.7540 | +0.304% | $905K | $1.8M | 10x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7560 | +0.345% | $812K | $2.1M | 5x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7564 | +0.354% | $206K | $327K | 5x | as long as short |
| Nado LIT-PERP | −0.0010% | 1h | 4.7493 | +0.206% | $2.2M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7513 | +0.248% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7506 | +0.231% | $31K | $841K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7571 | +0.370% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0006% | 8h | 4.7468 | +0.152% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.359% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0054% | 4h | 4.7498 | +0.215% | $5.7M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0056% | 4h | 4.7553 | +0.332% | $289K | $311K | 10x | as long as short |
| Binance LITUSDT | +0.0057% | 4h | 4.7529 | +0.281% | $75.6M | $81.1M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7458 | +0.131% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7522 | +0.266% | $59.9M | $30.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7604 | +0.439% | $212.9M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7550 | +0.325% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7506 | +0.231% | $615K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7512 | +0.245% | $118K | $451K | 5x | as long as short |
| Bulk LIT-USDlong | +0.0100% | 1h | 4.7396 | long leg | $118K | $6K | 10x | |
| Bitget LITUSDT | +0.0100% | 4h | 4.7540 | +0.304% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7500 | +0.219% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7524 | +0.270% | $449K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7496 | +0.210% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7527 | +0.276% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7460 | +0.135% | $997 | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7502 | +0.224% | $190K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7484 | +0.186% | $5.2M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7547 | +0.319% | $3.7M | $13.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0224% | 4h | 4.7420 | +0.051% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7573 | +0.372% | $62K | — | 50x | as long as short |
Bybit LITUSDT
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Phoenix LIT
Nado LIT-PERP
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]