Funding you earn now, next payment 21:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.018%
Price spread now: Coinbase International against Injective+0.858%64s7-day average +10.838% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.852%−$85 on $10k
+Price spread, last 3 days (all we have)+15.395%+$1,540 · spread now +0.858%, 7d avg +10.838%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 9.980% cheaper against Injective than usual: you would sell low and buy high (−$998 if the spread goes back to its 7-day average of +10.838%). Swap the legs. The two prices were read 64 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 | 54m 21s | $422 | $178K | 5.5x |
| Short | Coinbase International LIT-PERP-INTX | 4.8452 | −0.0152 | pay 0.0019% / 1h | 54m 21s | $668K | $408K | 50x |
Injective LIT/USDC PERP
Coinbase International LIT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$38.92
- Price spread: +0.858% → +10.838%
- −$998.03
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$1,046.97
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 33 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 Coinbase International live order book, 33 min ago | 7.23 bp | 18.2 bp −$18 | 44.3 bp −$443 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0847% | 1h | 4.7435 | −1.259% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0720% | 1h | 4.7407 | −1.318% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0565% | 4h | 4.7362 | −1.411% | $32K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERP | −0.0501% | 1h | 4.7544 | −1.032% | $668K | $1.5M | 5x | as long as short |
| Phemex LITUSDT | −0.0484% | 4h | 4.7440 | −1.249% | $1.3M | $2.7M | 20x | as long as short |
| Bullet LIT-USD | −0.0352% | 1h | 4.7414 | −1.303% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0334% | 4h | 4.7461 | −1.205% | $5.3M | $1.1M | 30x | as long as short |
| Gate LIT_USDT | −0.0332% | 4h | 4.7400 | −1.332% | $2.8M | $4.5M | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0292% | 4h | 4.7423 | −1.284% | $25.1M | $60.6M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0274% | 4h | 4.7490 | −1.144% | $896K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Backpack LIT_USDC_PERP
Phemex LITUSDT
Bullet LIT-USD
KuCoin LITUSDTM
Gate LIT_USDT
OKX LIT-USDT-SWAP
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0239% | 4h | 4.7440 | −1.249% | $42.8M | $30.1M | 75x | as long as short |
| Nado LIT-PERP | −0.0187% | 1h | 4.7420 | −1.290% | $2.1M | $1.7M | 10x | as long as short |
| SoDEX LIT-USD | −0.0180% | 1h | 4.7443 | −1.243% | $983 | $474K | 5x | as long as short |
| Coinbase International LIT-PERP-INTXshort | −0.0152% | 1h | 4.8452 | +0.858% | $668K | $408K | 50x | |
| Phoenix LIT | −0.0067% | 1h | 4.7677 | −0.756% | $246K | $321K | 5x | as long as short |
| Extended LIT-USD | −0.0048% | 1h | 4.7419 | −1.293% | $5.2M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0017% | 8h | 4.7400 | −1.331% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7510 | −1.103% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7461 | −1.206% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7469 | −1.189% | $815K | $2.0M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0030% | 1h | 4.7428 | −1.274% | $448K | $104K | 10x | as long as short |
| Injective LIT/USDC PERPlong | +0.0033% | 1h | 4.8040 | long leg | $422 | $178K | 5.5x | |
| Binance LITUSDT | +0.0053% | 4h | 4.7394 | −1.345% | $74.9M | $80.6M | 75x | as long as short |
| MEXC LIT_USDT | +0.0054% | 4h | 4.7390 | −1.353% | $5.9M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0060% | 4h | 4.7527 | −1.068% | $289K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7391 | −1.350% | $148K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0083% | 1h | 4.7490 | −1.145% | $56K | $78K | 50x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | −0.860% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7450 | −1.228% | $210.8M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7474 | −1.178% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7494 | −1.136% | $596K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7429 | −1.272% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7430 | −1.270% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7467 | −1.193% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7472 | −1.182% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7465 | −1.197% | $189K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7486 | −1.153% | $31K | $842K | 33x | as long as short |
| Lighter LIT | +0.0120% | 1h | 4.7526 | −1.070% | $59.6M | $29.5M | 5x | as long as short |
| Lighter RH LIT | +0.0160% | 1h | 4.7534 | −1.053% | $3.7M | $14.0M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0161% | 1h | 4.7644 | −0.824% | $11K | $198K | 10x | as long as short |
| BloFin LIT-USDT | +0.0218% | 4h | 4.7425 | −1.280% | $1.5M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7459 | −1.210% | $60K | — | 50x | as long as short |
Bybit LITUSDT
Nado LIT-PERP
SoDEX LIT-USD
Phoenix LIT
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
Binance LITUSDT
MEXC LIT_USDT
edgeX LITUSDC
Aevo LIT-PERP
ApeX Omni LITUSDT
Bulk LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
Lighter LIT
Lighter RH LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]