Funding you earn now, next payment 04:00 UTC−0.0173%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.005%
Price spread now: Backpack against Injective−2.512%72s7-day average +9.701% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+17.810%+$1,781 · spread now −2.512%, 7d avg +9.701%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Backpack is 12.214% cheaper against Injective than usual: you would sell low and buy high (−$1,221 if the spread goes back to its 7-day average of +9.701%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.159%, so the current rate has only just turned against you. The two prices were read 72 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 | Injective LIT/USDC PERP | 4.8040 | 0.0033 | pay 0.0004% / 1h | 31m 54s | $422 | $178K | 5.5x |
| Short | Backpack LIT_USDC_PERP | 4.6833 | −0.0140 | pay 0.0017% / 1h | 31m 54s | $661K | $1.4M | 5x |
Injective LIT/USDC PERP
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- −$36.35
- Price spread: −2.512% → +9.701%
- −$1,221.39
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1,267.76
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 2 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.11 bp | 7.1 bp −$7 | 14.7 bp −$147 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0496% | 1h | 4.6753 | −2.679% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0392% | 4h | 4.6712 | −2.764% | $32K | $1K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0333% | 1h | 4.6763 | −2.658% | $41K | $40K | 10x | as long as short |
| Bullet LIT-USD | −0.0284% | 1h | 4.6761 | −2.662% | $83K | $68K | 20x | as long as short |
| Gate LIT_USDT | −0.0224% | 4h | 4.6880 | −2.415% | $2.7M | $4.3M | 50x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | −2.482% | $612K | $398K | 50x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0140% | 1h | 4.6833 | −2.512% | $661K | $1.4M | 5x | |
| Extended LIT-USD | −0.0104% | 1h | 4.6833 | −2.513% | $5.1M | $5.0M | 25x | as long as short |
| Phemex LITUSDT | −0.0090% | 4h | 4.6760 | −2.664% | $1.4M | $2.8M | 20x | as long as short |
| Bybit LITUSDT | −0.0055% | 4h | 4.6872 | −2.431% | $41.3M | $28.8M | 75x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Extended LIT-USD
Phemex LITUSDT
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0034% | 1h | 4.6644 | −2.906% | $201K | $305K | 5x | as long as short |
| KuCoin LITUSDTM | −0.0002% | 4h | 4.6888 | −2.398% | $5.2M | $1.0M | 30x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6782 | −2.620% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | 0.0000% | 4h | 4.6888 | −2.398% | $25.2M | $61.4M | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6788 | −2.606% | $11K | — | 150x | as long as short |
| Nado LIT-PERP | +0.0008% | 1h | 4.6742 | −2.703% | $2.2M | $1.7M | 10x | as long as short |
| Injective LIT/USDC PERPlong | +0.0033% | 1h | 4.8040 | long leg | $422 | $178K | 5.5x | |
| ApeX Omni LITUSDT | +0.0048% | 1h | 4.6580 | −3.039% | $56K | $76K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0061% | 1h | 4.6764 | −2.656% | $437K | $110K | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0068% | 8h | 4.6725 | −2.736% | $6K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6766 | −2.652% | $784K | $2.1M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6831 | −2.517% | $58.3M | $28.6M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6847 | −2.483% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6870 | −2.435% | $209.6M | $42.1M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6762 | −2.660% | $585K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6872 | −2.431% | $74.9M | $79.5M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6773 | −2.637% | $114K | $456K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6882 | −2.410% | $5.6M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6880 | −2.415% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6556 | −3.090% | $285K | $305K | 10x | as long as short |
| GRVT LIT_USDT_Perp | +0.0100% | 4h | 4.6630 | −2.935% | $906K | $1.8M | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6788 | −2.605% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6770 | −2.644% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6785 | −2.612% | $1K | $387K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6700 | −2.789% | $197K | $387K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6576 | −3.047% | $116K | $1K | 10x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6761 | −2.663% | $146K | — | 3x | as long as short |
| Aster LITUSDT | +0.0193% | 4h | 4.6899 | −2.375% | $12.6M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0242% | 1h | 4.6666 | −2.860% | $9K | $207K | 10x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6775 | −2.633% | $31K | $788K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6670 | −2.852% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6787 | −2.608% | $63K | — | 50x | as long as short |
Phoenix LIT
KuCoin LITUSDTM
dYdX LIT-USD
OKX LIT-USDT-SWAP
gTrade (Gains Network) LIT/USD
Nado LIT-PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
GRVT LIT_USDT_Perp
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Aftermath Perps LITUSD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]