Funding you earn now, next payment 22:00 UTC−0.0312%/8h= −34.1% APRpaid last 24h −0.013%
Price spread now: Backpack against edgeX+0.160%85s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.338% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 3 days (all we have)−0.296%−$30 · spread now +0.160%, 7d avg +0.028%
=Together, before fees−0.172%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.132% dearer against edgeX than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.028%): +$13 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX LITUSDC | 4.7597 | 0.0038 | pay 0.0019% / 4h | 2h 17m | $290K | $311K | 10x |
| Short | Backpack LIT_USDC_PERP | 4.7673 | −0.0273 | pay 0.0034% / 1h | 17m 57s | $670K | $1.5M | 5x |
edgeX LITUSDC
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- −$65.45
- Price spread: +0.160% → +0.028%
- $13.16
- Slippage, 4 orders
- −$14.76
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$86.05
- Costs to cover
- 0.338%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 5 min ago; Backpack: live order book, 1 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 edgeX live order book, 5 min ago | 5.16 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.94 bp | 6.4 bp −$6 | 15.9 bp −$159 | doesn't fit | doesn't fit |
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 | −0.0979% | 1h | 4.7639 | +0.089% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0610% | 4h | 4.7594 | −0.006% | $33K | $2K | 10x | as long as short |
| Gate LIT_USDT | −0.0600% | 4h | 4.7650 | +0.111% | $2.8M | $4.5M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7575 | −0.046% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0553% | 4h | 4.7600 | +0.006% | $1.3M | $2.7M | 20x | as long as short |
| Bullet LIT-USD | −0.0338% | 1h | 4.7631 | +0.072% | $86K | $81K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0326% | 4h | 4.7620 | +0.048% | $25.1M | $62.2M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0296% | 4h | 4.7469 | −0.269% | $906K | $1.9M | 10x | as long as short |
| Bybit LITUSDT | −0.0294% | 4h | 4.7636 | +0.082% | $43.1M | $30.6M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0286% | 4h | 4.7653 | +0.118% | $5.3M | $1.1M | 30x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Gate LIT_USDT
01 Exchange LITUSD
Phemex LITUSDT
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack LIT_USDC_PERPshort | −0.0273% | 1h | 4.7673 | +0.160% | $670K | $1.5M | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.261% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7583 | −0.029% | $247K | $321K | 5x | as long as short |
| Aftermath Perps LITUSD | −0.0028% | 1h | 4.7603 | +0.013% | $12K | $199K | 10x | as long as short |
| Paradex LIT-USD-PERP | −0.0022% | 8h | 4.7622 | +0.053% | $6K | $2K | 5x | as long as short |
| SoDEX LIT-USD | −0.0002% | 1h | 4.7625 | +0.059% | $1K | $487K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7679 | +0.172% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7685 | +0.185% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7654 | +0.119% | $830K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0014% | 1h | 4.7605 | +0.017% | $2.2M | $1.7M | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0031% | 1h | 4.7653 | +0.118% | $450K | $105K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.931% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDClong | +0.0038% | 4h | 4.7597 | long leg | $290K | $311K | 10x | |
| MEXC LIT_USDT | +0.0044% | 4h | 4.7615 | +0.038% | $5.8M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0046% | 4h | 4.7610 | +0.027% | $75.3M | $81.3M | 75x | as long as short |
| Aevo LIT-PERP | +0.0064% | 1h | 4.7629 | +0.068% | $149K | $44K | 3x | as long as short |
| Extended LIT-USD | +0.0080% | 1h | 4.7612 | +0.031% | $5.3M | $5.2M | 25x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7719 | +0.256% | $59.8M | $30.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7714 | +0.246% | $212.1M | $45.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7717 | +0.252% | $12.8M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7664 | +0.141% | $588K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7629 | +0.067% | $117K | $449K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7650 | +0.111% | $6.8M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7680 | +0.175% | $56K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7681 | +0.177% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7681 | +0.177% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7684 | +0.183% | $191K | $329K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7454 | −0.300% | $119K | $6K | 10x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7668 | +0.149% | $32K | $839K | 33x | as long as short |
| BloFin LIT-USDT | +0.0178% | 4h | 4.7633 | +0.076% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0359% / S −0.0155% | 1h | 4.7681 | +0.177% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0424% | 1h | 4.7734 | +0.288% | $3.8M | $14.2M | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Phoenix LIT
Aftermath Perps LITUSD
Paradex LIT-USD-PERP
SoDEX LIT-USD
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Nado LIT-PERP
Polymarket Perps LIT-USD
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
Extended LIT-USD
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Bulk LIT-USD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT