LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0398%/8h= −43.6% APRnext payment −$0.50 per $10,000 · paid last 24h −0.008%

Price spread now: Backpack against Derive−0.055%48s7-day average — · you buy dearer than you sell

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

Long on Derive Short on Backpack

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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.055% cheaper against Derive than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	Derive LIT-PERP	4.7670	0.0100	pay 0.0013% / 1h	19m 21s	$2K	$1K	6.7x
Short	Backpack LIT_USDC_PERP	4.7644	−0.0298	pay 0.0037% / 1h	19m 21s	$669K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Derive. 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 DerivebpFee BackpackbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$83.58
Price spread: −0.055% → 0.000%: −$5.53
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$105.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Backpack: live order book, 5 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Backpack live order book, 5 min ago	0.63 bp	7.4 bp −$7	17.9 bp −$179	doesn't fit	doesn't fit

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	−0.1021%	1h	4.7613	−0.121%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0612%	4h	4.7640	−0.064%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7593	−0.162%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0563%	4h	4.7590	−0.169%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7596	−0.156%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0341%	1h	4.7626	−0.093%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0325%	4h	4.7608	−0.131%	$25.1M	$62.1M	50x	as long as short
Backpack LIT_USDC_PERPshort	−0.0298%	1h	4.7644	−0.055%	$669K	$1.5M	5x
Bybit LITUSDT	−0.0296%	4h	4.7630	−0.085%	$43.1M	$30.6M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0296%	4h	4.7469	−0.423%	$906K	$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
KuCoin LITUSDTM	−0.0290%	4h	4.7660	−0.022%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.107%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7583	−0.183%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0020%	8h	4.7627	−0.090%	$6K	$2K	5x	as long as short
Aftermath Perps LITUSD	−0.0009%	1h	4.7589	−0.170%	$12K	$199K	10x	as long as short
SoDEX LIT-USD	−0.0006%	1h	4.7605	−0.137%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7699	+0.059%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7682	+0.024%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7659	−0.025%	$830K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0014%	1h	4.7629	−0.086%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0031%	1h	4.7642	−0.060%	$450K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.775%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0038%	4h	4.7597	−0.154%	$290K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7619	−0.108%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0044%	4h	4.7618	−0.110%	$75.4M	$81.3M	75x	as long as short
Extended LIT-USD	+0.0048%	1h	4.7633	−0.078%	$5.3M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7621	−0.103%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7727	+0.119%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7714	+0.092%	$212.0M	$45.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7709	+0.080%	$12.8M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7675	+0.010%	$588K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7633	−0.078%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7640	−0.064%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	+0.020%	$56K	$78K	50x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7670	long leg	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7690	+0.041%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7721	+0.106%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.454%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7676	+0.012%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0160%	4h	4.7593	−0.162%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7677	+0.014%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7750	+0.167%	$3.8M	$14.2M	5x	as long as short