Funding you earn now, next payment 23:00 UTC−0.0678%/8h= −74.2% APRnext payment −$0.85 per $10,000 · paid last 24h −0.018%
Price spread now: Backpack against Extended+0.050%7-day average +0.301% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now +0.050%, 7d avg +0.301%
=Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Backpack is 0.251% cheaper against Extended than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.301%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.85 per $10,000. 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 | Extended LIT-USD | 4.7656 | 0.0104 | pay 0.0013% / 1h | 2m 00s | $5.2M | $5.1M | 25x |
| Short | Backpack LIT_USDC_PERP | 4.7680 | −0.0574 | pay 0.0072% / 1h | 2m 00s | $669K | $1.4M | 5x |
Extended LIT-USD
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$142.3
- Price spread: +0.050% → +0.301%
- −$25.07
- Slippage, 4 orders
- −$7.75
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$190.12
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Backpack: live order book, 2 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 Extended live order book, 2 min ago | 0.10 bp | 4.3 bp −$4 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.10 bp | 5.5 bp −$5 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1120% | 4h | 4.7690 | +0.071% | $2.8M | $4.6M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0628% | 4h | 4.7525 | −0.275% | $33K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0574% | 1h | 4.7680 | +0.050% | $669K | $1.4M | 5x | |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7503 | −0.321% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0494% | 4h | 4.7590 | −0.139% | $1.4M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0458% | 4h | 4.7637 | −0.040% | $25.8M | $63.7M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0426% | 1h | 4.7566 | −0.188% | $42K | $40K | 10x | as long as short |
| Bullet LIT-USD | −0.0328% | 1h | 4.7531 | −0.263% | $85K | $81K | 20x | as long as short |
| Aftermath Perps LITUSD | −0.0288% | 1h | 4.7489 | −0.351% | $12K | $204K | 10x | as long as short |
| KuCoin LITUSDTM | −0.0238% | 4h | 4.7640 | −0.034% | $5.3M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
Aftermath Perps LITUSD
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0217% | 4h | 4.7661 | +0.010% | $43.0M | $30.0M | 75x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7670 | +0.029% | $674K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0130% | 4h | 4.7540 | −0.244% | $905K | $1.8M | 10x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7560 | −0.202% | $812K | $2.1M | 5x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7564 | −0.193% | $206K | $327K | 5x | as long as short |
| Nado LIT-PERP | −0.0010% | 1h | 4.7493 | −0.341% | $2.2M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7513 | −0.300% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7506 | −0.316% | $31K | $841K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7571 | −0.178% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0006% | 8h | 4.7468 | −0.395% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.805% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0054% | 4h | 4.7663 | +0.014% | $5.7M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0056% | 4h | 4.7553 | −0.216% | $289K | $311K | 10x | as long as short |
| Binance LITUSDT | +0.0057% | 4h | 4.7644 | −0.025% | $75.8M | $81.1M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7547 | −0.229% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7693 | +0.077% | $60.1M | $30.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7748 | +0.193% | $213.6M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7697 | +0.086% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7506 | −0.316% | $615K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7512 | −0.303% | $118K | $451K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7396 | −0.546% | $118K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7700 | +0.092% | $6.8M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7500 | −0.328% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7524 | −0.277% | $449K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7597 | −0.124% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7591 | −0.137% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7585 | −0.149% | $1K | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7502 | −0.324% | $190K | $329K | 30x | as long as short |
| Extended LIT-USDlong | +0.0104% | 1h | 4.7656 | long leg | $5.2M | $5.1M | 25x | |
| Lighter RH LIT | +0.0184% | 1h | 4.7699 | +0.090% | $3.7M | $13.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0224% | 4h | 4.7420 | −0.496% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7573 | −0.176% | $62K | — | 50x | as long as short |
Bybit LITUSDT
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Phoenix LIT
Nado LIT-PERP
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]