LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0543%/8h= −59.5% APRnext payment −$0.68 per $10,000 · paid last 24h +0.012%

Price spread now: Backpack against dYdX−0.109%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 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 −$16 a day on $10k at the current rate, and Backpack is 0.109% cheaper against dYdX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.7663	0	get 0.0000% / 1h	0m 09s	$34K	—	5x
Short	Backpack LIT_USDC_PERP	4.7611	−0.0543	pay 0.0068% / 1h	0m 09s	$668K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$114.03
Price spread: −0.109% → 0.000%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$144.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 4 min ago	0.10 bp	5.5 bp −$5	14.9 bp −$149	doesn't fit	doesn't fit

dYdX: 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
Gate LIT_USDT	−0.1104%	4h	4.7610	−0.111%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0674%	1h	4.7557	−0.221%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0624%	4h	4.7531	−0.277%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7595	−0.142%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERPshort	−0.0543%	1h	4.7611	−0.109%	$668K	$1.4M	5x
Phemex LITUSDT	−0.0487%	4h	4.7570	−0.195%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0464%	4h	4.7579	−0.176%	$25.8M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0322%	1h	4.7572	−0.191%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0234%	4h	4.7642	−0.044%	$5.3M	$1.1M	30x	as long as short
Aftermath Perps LITUSD	−0.0224%	1h	4.7589	−0.154%	$13K	$204K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0206%	4h	4.7604	−0.123%	$42.9M	$30.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7680	+0.036%	$675K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7540	−0.258%	$905K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7626	−0.076%	$815K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7628	−0.073%	$206K	$327K	5x	as long as short
Nado LIT-PERP	−0.0007%	1h	4.7597	−0.138%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7663	long leg	$34K	—	5x
Perpl LIT	0.0000%	43m	4.7585	−0.162%	$31K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7611	−0.108%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0007%	8h	4.7570	−0.195%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.791%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7520	−0.300%	$289K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7559	−0.218%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0061%	4h	4.7565	−0.205%	$75.7M	$81.2M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7576	−0.181%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7649	−0.029%	$60.0M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7672	+0.019%	$213.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7662	−0.002%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	−0.052%	$617K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7603	−0.126%	$119K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.203%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7610	−0.111%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	−0.342%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7601	−0.130%	$450K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7601	−0.131%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7595	−0.142%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7576	−0.182%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7626	−0.077%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7546	−0.246%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7655	−0.016%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0229%	4h	4.7555	−0.226%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7614	−0.103%	$62K	—	50x	as long as short