Funding you earn now, next payment 22:00 UTC−0.0483%/8h= −52.9% APRnext payment −$0.60 per $10,000 · paid last 24h −0.086%
Price spread now: Bullet against Derive−0.068%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$14 a day on $10k at the current rate, and Bullet is 0.068% cheaper against Derive than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | 4.7514 | 0.0100 | pay 0.0013% / 1h | 55m 23s | $2K | $1K | 6.7x |
| Short | Bullet LIT-USD | 4.7482 | −0.0383 | pay 0.0048% / 1h | 55m 23s | $85K | $81K | 20x |
Derive LIT-PERP
Bullet LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Derive. 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
- −$101.46
- Price spread: −0.068% → 0.000%
- −$6.79
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$122.24
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bullet: 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bullet no order-book sample | — | — | — | — | — |
Derive and Bullet: 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 | −0.0855% | 1h | 4.7472 | −0.090% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0728% | 1h | 4.7407 | −0.226% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0563% | 4h | 4.7468 | −0.097% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0470% | 4h | 4.7450 | −0.135% | $1.3M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | −0.0457% | 1h | 4.7496 | −0.038% | $667K | $1.5M | 5x | as long as short |
| Bullet LIT-USDshort | −0.0383% | 1h | 4.7482 | −0.068% | $85K | $81K | 20x | |
| KuCoin LITUSDTM | −0.0330% | 4h | 4.7466 | −0.102% | $5.3M | $1.1M | 30x | as long as short |
| Gate LIT_USDT | −0.0302% | 4h | 4.7520 | +0.012% | $2.8M | $4.5M | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0288% | 4h | 4.7523 | +0.018% | $25.2M | $60.7M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0274% | 4h | 4.7490 | −0.050% | $896K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Phemex LITUSDT
Backpack LIT_USDC_PERP
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 LITUSDT | −0.0238% | 4h | 4.7540 | +0.054% | $42.9M | $30.1M | 75x | as long as short |
| SoDEX LIT-USD | −0.0229% | 1h | 4.7475 | −0.083% | $984 | $473K | 5x | as long as short |
| Nado LIT-PERP | −0.0184% | 1h | 4.7474 | −0.084% | $2.1M | $1.7M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +1.974% | $668K | $408K | 50x | as long as short |
| Phoenix LIT | −0.0067% | 1h | 4.7677 | +0.343% | $246K | $321K | 5x | as long as short |
| Extended LIT-USD | −0.0032% | 1h | 4.7469 | −0.095% | $5.2M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0019% | 8h | 4.7431 | −0.176% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7540 | +0.053% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7545 | +0.064% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7527 | +0.027% | $816K | $2.0M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0013% | 1h | 4.7500 | −0.030% | $449K | $104K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.107% | $422 | $178K | 5.5x | as long as short |
| Binance LITUSDT | +0.0055% | 4h | 4.7473 | −0.087% | $75.0M | $80.6M | 75x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7458 | −0.118% | $5.9M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0060% | 4h | 4.7527 | +0.027% | $289K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7500 | −0.030% | $149K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0083% | 1h | 4.7490 | −0.051% | $56K | $78K | 50x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | +0.237% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7527 | +0.027% | $211.2M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7520 | +0.011% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7494 | −0.043% | $596K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7481 | −0.070% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7500 | −0.030% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERPlong | +0.0100% | 1h | 4.7514 | long leg | $2K | $1K | 6.7x | |
| SunX LIT-USDT | +0.0100% | 4h | 4.7545 | +0.065% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7680 | +0.349% | $190K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7510 | −0.009% | $31K | $843K | 33x | as long as short |
| Lighter LIT | +0.0128% | 1h | 4.7549 | +0.073% | $59.6M | $29.5M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0155% | 1h | 4.7679 | +0.347% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0160% | 1h | 4.7551 | +0.077% | $3.7M | $14.0M | 5x | as long as short |
| BloFin LIT-USDT | +0.0224% | 4h | 4.7493 | −0.045% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7535 | +0.043% | $60K | — | 50x | as long as short |
Bybit LITUSDT
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
Injective LIT/USDC PERP
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
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
Lighter LIT
Aftermath Perps LITUSD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]