LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.036%

Price spread now: Derive against Coinbase International−0.166%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.166% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.166% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.2 days of funding at the current rate (+$8 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7721	−0.0152	get 0.0019% / 1h	14m 23s	$660K	$404K	50x
Short	Derive LIT-PERP	4.7642	0.0100	get 0.0013% / 1h	14m 23s	$2K	$1K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DerivebpOrdersPrice spread, now −0.166%Rate

Funding earned: $52.92
Price spread: −0.166% → 0.000%: −$16.62
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $20.3
Costs to cover: 0.160%
Break-even: 4.3 days

Slippage unknown: Coinbase International: live order book, 9 min ago; Derive: 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 Coinbase International live order book, 9 min ago	8.70 bp	23.1 bp −$23	77.4 bp −$774	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.1042%	1h	4.7605	−0.244%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7535	−0.390%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0568%	4h	4.7580	−0.296%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7610	−0.233%	$2.8M	$4.5M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7536	−0.388%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0348%	1h	4.7588	−0.279%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7596	−0.262%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7610	−0.233%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0280%	4h	4.7645	−0.160%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.292%	$901K	$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
Backpack LIT_USDC_PERP	−0.0244%	1h	4.7637	−0.176%	$669K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0152%	1h	4.7721	long leg	$660K	$404K	50x
Aftermath Perps LITUSD	−0.0075%	1h	4.7593	−0.269%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	−0.128%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7558	−0.341%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0020%	1h	4.7594	−0.267%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7646	−0.158%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7664	−0.119%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7636	−0.180%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0020%	1h	4.7597	−0.260%	$449K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7577	−0.301%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.668%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7567	−0.323%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0045%	4h	4.7566	−0.325%	$75.3M	$81.5M	75x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.257%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7574	−0.308%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7675	−0.097%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7680	−0.086%	$212.4M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7664	−0.119%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	−0.174%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7599	−0.256%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7620	−0.212%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	−0.149%	$56K	$78K	50x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7642	−0.166%	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7624	−0.204%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	−0.147%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.560%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7573	−0.310%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7631	−0.188%	$31K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	−0.229%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7642	−0.166%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7700	−0.044%	$3.7M	$14.2M	5x	as long as short