Funding you earn now, next payment 00:55 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.059%
Price spread now: Perpl against Injective−1.932%54s7-day average +10.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)+16.599%+$1,660 · spread now −1.932%, 7d avg +10.001%
=Together, before fees+16.627%+ Points / potential airdropPerpl: Active · farm board+$1,663 on $10k · with fees, hour by hour
Funding pays, the price is against you. Perpl is 11.933% cheaper against Injective than usual: you would sell low and buy high (spread −1.932% now, against its 7-day average of +10.001%). If the spread goes back, that is −$1,193 on $10k: about 3 months of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.027% in total) that is about years. The two prices were read 54 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 0.027% in total (about 1.4% 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 | Injective LIT/USDC PERP | 4.8040 | 0.0033 | pay 0.0004% / 1h | 32m 17s | $422 | $178K | 5.5x |
| Short | Perpl LIT | 4.7112 | 0.0447 | get 0.0040% / 43m | 37m 17s | $31K | $862K | 33x |
Injective LIT/USDC PERP
Perpl LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $86.77
- Price spread: −1.932% → +10.001%
- −$1,193.33
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$1,120.38
- Costs to cover
- 0.138%
- Break-even
- 97.4 days
Slippage unknown: Injective: no order-book sample; Perpl: no order-book sample. 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 Perpl no order-book sample | — | — | — | — | — |
Injective and Perpl: 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 41 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 | 4.7026 | −2.111% | $33K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0540% | 1h | 4.7077 | −2.004% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0462% | 4h | 4.7014 | −2.136% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0439% | 1h | 4.7060 | −2.039% | $84K | $73K | 20x | as long as short |
| Gate LIT_USDT | −0.0204% | 4h | 4.7120 | −1.915% | $2.8M | $4.3M | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0157% | 4h | 4.7082 | −1.994% | $25.6M | $63.8M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0138% | 4h | 4.7080 | −1.998% | $5.2M | $1.1M | 30x | as long as short |
| GRVT LIT_USDT_Perp | −0.0136% | 4h | 4.7050 | −2.061% | $904K | $1.8M | 10x | as long as short |
| ApeX Omni LITUSDT | −0.0112% | 1h | 4.7030 | −2.102% | $56K | $77K | 50x | as long as short |
| Phoenix LIT | −0.0102% | 1h | 4.6823 | −2.533% | $202K | $352K | 5x | as long as short |
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Bullet LIT-USD
Gate LIT_USDT
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
GRVT LIT_USDT_Perp
ApeX Omni LITUSDT
Phoenix LITShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack LIT_USDC_PERP | −0.0087% | 1h | 4.7020 | −2.123% | $679K | $1.4M | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.7209 | −1.730% | $668K | $387K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7102 | −1.952% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.7105 | −1.946% | $471 | — | 150x | as long as short |
| Bulk LIT-USD | +0.0030% | 1h | 4.6912 | −2.349% | $117K | $1K | 10x | as long as short |
| Injective LIT/USDC PERPlong | +0.0033% | 1h | 4.8040 | long leg | $422 | $178K | 5.5x | |
| Paradex LIT-USD-PERP | +0.0035% | 8h | 4.7032 | −2.098% | $7K | $2K | 5x | as long as short |
| Phemex LITUSDT | +0.0060% | 4h | 4.7010 | −2.144% | $1.4M | $2.7M | 20x | as long as short |
| SoDEX LIT-USD | +0.0076% | 1h | 4.7078 | −2.002% | $1K | $450K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7133 | −1.888% | $788K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7149 | −1.855% | $59.0M | $29.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.7147 | −1.859% | $3.7M | $13.3M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7075 | −2.009% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7152 | −1.848% | $211.0M | $43.9M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7161 | −1.830% | $12.6M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7082 | −1.994% | $584K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7039 | −2.084% | $75.0M | $80.7M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7050 | −2.061% | $42.2M | $29.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7089 | −1.980% | $116K | $448K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7055 | −2.050% | $5.5M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7100 | −1.957% | $6.7M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6972 | −2.223% | $286K | $306K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7086 | −1.986% | $445K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7121 | −1.913% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7118 | −1.919% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7215 | −1.717% | $189K | $354K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7053 | −2.054% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7051 | −2.060% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0291% | 1h | 4.7012 | −2.140% | $9K | $212K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0405% / S −0.0198% | 1h | 4.7093 | −1.971% | $63K | — | 50x | as long as short |
| Perpl LITshort | +0.0447% | 43m | 4.7112 | −1.932% | $31K | $862K | 33x |
Backpack LIT_USDC_PERP
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Bulk LIT-USD
Paradex LIT-USD-PERP
Phemex LITUSDT
SoDEX LIT-USD
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
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
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]