LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.026%

Price spread now: Backpack against Coinbase International−0.822%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs+$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$620.623% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.961%+$96 on $10k

Price spread, last 3 days (all we have)+0.390%+$39 · spread now −0.822%, 7d avg −0.090%

Together, before fees+1.351%+$135 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.732% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.822% now, against its 7-day average of −0.090%). If the spread goes back, that is −$73 on $10k: about 14 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.961% in total) that is about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7385	−0.0080	get 0.0010% / 1h	11m 24s	$670K	$373K	50x
Short	Backpack LIT_USDC_PERP	4.6995	0.0100	get 0.0013% / 1h	11m 24s	$681K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now −0.822%Rate

Funding earned: $37.8
Price spread: −0.822% → −0.090%: −$73.2
Slippage, 4 orders: −$42.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$97.72
Costs to cover: 0.623%
Break-even: 25.1 days

Slippage from Coinbase International: live order book, 57 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 Coinbase International live order book, 57 min ago	9.24 bp	28.2 bp −$28	60.8 bp −$608	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.11 bp	5.3 bp −$5	16.0 bp −$160	doesn't fit	doesn't fit

LIT on 41 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	−0.0568%	1h	4.6998	−0.816%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0445%	4h	4.6972	−0.871%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0370%	1h	4.7008	−0.795%	$84K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0197%	1h	4.6960	−0.896%	$56K	$77K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0182%	1h	4.6979	−0.855%	$41K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0170%	4h	4.6950	−0.918%	$893K	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0133%	4h	4.6940	−0.938%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0112%	4h	4.6993	−0.826%	$5.2M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.6988	−0.837%	$203K	$352K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0099%	4h	4.7037	−0.733%	$25.5M	$62.6M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTXlong	−0.0080%	1h	4.7385	long leg	$670K	$373K	50x
Gate LIT_USDT	−0.0028%	4h	4.7020	−0.769%	$2.8M	$4.3M	50x	as long as short
Bulk LIT-USD	−0.0020%	1h	4.7177	−0.438%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6951	−0.916%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7009	−0.793%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.383%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0037%	4h	4.7018	−0.773%	$41.9M	$29.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0039%	8h	4.6966	−0.883%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7011	−0.787%	$813K	$2.0M	5x	as long as short
edgeX LITUSDC	+0.0094%	4h	4.7271	−0.239%	$288K	$306K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7027	−0.754%	$58.9M	$29.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6966	−0.884%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7056	−0.693%	$210.5M	$42.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6991	−0.830%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7001	−0.810%	$74.9M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6989	−0.835%	$116K	$447K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6975	−0.864%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7000	−0.811%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.6995	−0.822%	$681K	$1.4M	5x
Polymarket Perps LIT-USD	+0.0100%	1h	4.6996	−0.820%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6998	−0.815%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7034	−0.740%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6978	−0.858%	$1K	$433K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7269	−0.244%	$190K	$351K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6963	−0.889%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7017	−0.776%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0109%	4h	4.7038	−0.731%	$12.6M	$2.1M	50x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7056	−0.693%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0268%	1h	4.7156	−0.483%	$9K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0200%	1h	4.7011	−0.789%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7026	−0.757%	$31K	$844K	33x	as long as short