Funding you earn now, next payment 22:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.044%
Price spread now: Injective against Bybit+1.265%48s7-day average −10.744% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−16.473%−$1,647 · spread now +1.265%, 7d avg −10.744%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 12.008% dearer against Bybit than usual: you sell high and buy low: +$1,201 more if the spread goes back to its 7-day average of −10.744%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% 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 | Bybit LITUSDT | 4.7440 | −0.0239 | get 0.0119% / 4h | 2h 54m | $42.8M | $30.1M | 75x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 54m 33s | $422 | $178K | 5.5x |
Bybit LITUSDT
Injective LIT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- $57.16
- Price spread: +1.265% → −10.744%
- $1,200.83
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,246.97
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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 Bybit live order book, 4 min ago | 2.10 bp | 20.9 bp −$21 | 68.9 bp −$689 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0769% | 1h | 4.7533 | +0.196% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0720% | 1h | 4.7407 | −0.070% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0563% | 4h | 4.7468 | +0.059% | $32K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERP | −0.0501% | 1h | 4.7544 | +0.219% | $668K | $1.5M | 5x | as long as short |
| Phemex LITUSDT | −0.0479% | 4h | 4.7510 | +0.148% | $1.3M | $2.7M | 20x | as long as short |
| Bullet LIT-USD | −0.0352% | 1h | 4.7414 | −0.055% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0334% | 4h | 4.7464 | +0.051% | $5.3M | $1.1M | 30x | as long as short |
| Gate LIT_USDT | −0.0332% | 4h | 4.7470 | +0.063% | $2.8M | $4.5M | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0290% | 4h | 4.7420 | −0.042% | $25.1M | $60.6M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0274% | 4h | 4.7490 | +0.106% | $896K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Backpack LIT_USDC_PERP
Phemex LITUSDT
Bullet LIT-USD
KuCoin LITUSDTM
Gate LIT_USDT
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 LITUSDTlong | −0.0239% | 4h | 4.7440 | long leg | $42.8M | $30.1M | 75x | |
| SoDEX LIT-USD | −0.0199% | 1h | 4.7525 | +0.179% | $985 | $473K | 5x | as long as short |
| Nado LIT-PERP | −0.0187% | 1h | 4.7420 | −0.041% | $2.1M | $1.7M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +2.134% | $668K | $408K | 50x | as long as short |
| Phoenix LIT | −0.0067% | 1h | 4.7677 | +0.500% | $246K | $321K | 5x | as long as short |
| Extended LIT-USD | −0.0048% | 1h | 4.7397 | −0.090% | $5.2M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0017% | 8h | 4.7400 | −0.083% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7510 | +0.148% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7545 | +0.221% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7469 | +0.061% | $815K | $2.0M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0030% | 1h | 4.7428 | −0.025% | $448K | $104K | 10x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +1.265% | $422 | $178K | 5.5x | |
| Binance LITUSDT | +0.0053% | 4h | 4.7388 | −0.110% | $74.9M | $80.6M | 75x | as long as short |
| MEXC LIT_USDT | +0.0054% | 4h | 4.7425 | −0.032% | $5.9M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0060% | 4h | 4.7527 | +0.183% | $289K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7500 | +0.126% | $149K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0083% | 1h | 4.7490 | +0.105% | $56K | $78K | 50x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | +0.394% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7450 | +0.021% | $210.8M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7496 | +0.117% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7494 | +0.115% | $596K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7429 | −0.023% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7430 | −0.021% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7571 | +0.277% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7552 | +0.236% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7465 | +0.053% | $189K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7486 | +0.098% | $31K | $842K | 33x | as long as short |
| Lighter LIT | +0.0120% | 1h | 4.7526 | +0.181% | $59.6M | $29.5M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0155% | 1h | 4.7679 | +0.504% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0160% | 1h | 4.7534 | +0.198% | $3.7M | $14.0M | 5x | as long as short |
| BloFin LIT-USDT | +0.0218% | 4h | 4.7425 | −0.032% | $1.5M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7535 | +0.200% | $60K | — | 50x | as long as short |
SoDEX LIT-USD
Nado LIT-PERP
Coinbase International LIT-PERP-INTX
Phoenix LIT
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
Binance LITUSDT
MEXC LIT_USDT
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
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]