Funding you earn now, next payment 02:00 UTC−0.0400%/8h= −43.8% APRpaid last 24h +0.042%
Price spread now: Backpack against Gate−0.253%7-day average +0.193% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 7 days+0.600%+$60 · spread now −0.253%, 7d avg +0.193%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.446% cheaper against Gate than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.193%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% 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 | Gate LIT_USDT | 4.7080 | −0.0104 | get 0.0052% / 4h | 2h 52m | $2.8M | $4.2M | 50x |
| Short | Backpack LIT_USDC_PERP | 4.6961 | −0.0504 | pay 0.0063% / 1h | 52m 17s | $681K | $1.4M | 5x |
Gate LIT_USDT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- −$83.99
- Price spread: −0.253% → +0.193%
- −$44.62
- Slippage, 4 orders
- −$34.83
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$188.44
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from Gate: live order book, 6 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 Gate live order book, 6 min ago | 3.20 bp | 22.2 bp −$22 | 68.4 bp −$684 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.64 bp | 5.8 bp −$6 | 15.3 bp −$153 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0608% | 1h | 4.6999 | −0.172% | $33K | $4K | 5x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0504% | 1h | 4.6961 | −0.253% | $681K | $1.4M | 5x | |
| Orderly PERP_LIT_USDC | −0.0475% | 4h | 4.7006 | −0.157% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0434% | 1h | 4.7058 | −0.048% | $85K | $72K | 20x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0346% | 1h | 4.7086 | +0.013% | $41K | $40K | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0178% | 4h | 4.7080 | 0.000% | $25.6M | $63.8M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0156% | 4h | 4.6820 | −0.552% | $898K | $1.8M | 10x | as long as short |
| KuCoin LITUSDTM | −0.0136% | 4h | 4.7024 | −0.119% | $5.2M | $1.1M | 30x | as long as short |
| ApeX Omni LITUSDT | −0.0135% | 1h | 4.6860 | −0.467% | $56K | $77K | 50x | as long as short |
| Gate LIT_USDTlong | −0.0104% | 4h | 4.7080 | long leg | $2.8M | $4.2M | 50x |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Deribit LIT_USDC-PERPETUAL
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
KuCoin LITUSDTM
ApeX Omni LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0102% | 1h | 4.6878 | −0.429% | $203K | $352K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.6919 | −0.341% | $664K | $385K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7072 | −0.016% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.7099 | +0.040% | $471 | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.039% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0039% | 8h | 4.6981 | −0.211% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7052 | −0.060% | $784K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7049 | −0.066% | $58.9M | $29.1M | 5x | as long as short |
| Bulk LIT-USD | +0.0096% | 1h | 4.6903 | −0.376% | $117K | $1K | 10x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7049 | −0.067% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7139 | +0.125% | $211.2M | $44.2M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7085 | +0.010% | $12.6M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7033 | −0.099% | $583K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7055 | −0.053% | $75.2M | $80.3M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7060 | −0.042% | $42.3M | $29.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6998 | −0.174% | $116K | $448K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7043 | −0.079% | $5.4M | $4.0M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7110 | +0.064% | $6.7M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6902 | −0.379% | $286K | $304K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7072 | −0.017% | $445K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7097 | +0.036% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7099 | +0.040% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7070 | −0.021% | $1K | $458K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6902 | −0.378% | $188K | $354K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.6860 | −0.467% | $1.4M | $2.7M | 20x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7053 | −0.057% | $5.1M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7067 | −0.029% | $147K | — | 3x | as long as short |
| Lighter RH LIT | +0.0184% | 1h | 4.7111 | +0.066% | $3.7M | $13.2M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0297% | 1h | 4.7058 | −0.047% | $10K | $208K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6873 | −0.440% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0401% / S −0.0193% | 1h | 4.7113 | +0.070% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7090 | +0.021% | $31K | $860K | 33x | as long as short |
Phoenix LIT
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
RISEx LIT/USDC
Lighter LIT
Bulk LIT-USD
Nado LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT