Funding you earn now, next payment 22:00 UTC−0.0385%/8h= −42.2% APRnext payment −$0.48 per $10,000 · paid last 24h −0.004%
Price spread now: Backpack against Pacifica0.000%7-day average +0.214% · 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−$54as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days−0.359%−$36 · spread now 0.000%, 7d avg +0.214%
=Together, before fees−0.275%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.214% cheaper against Pacifica than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.214%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, 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 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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 | Pacifica LIT | 4.7664 | 0.0100 | pay 0.0013% / 1h | 18m 28s | $588K | $1.8M | 10x |
| Short | Backpack LIT_USDC_PERP | 4.7664 | −0.0285 | pay 0.0036% / 1h | 18m 28s | $669K | $1.5M | 5x |
Pacifica LIT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- −$80.92
- Price spread: 0.000% → +0.214%
- −$21.38
- Slippage, 4 orders
- −$15.03
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$135.33
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 1 min ago; Backpack: live order book, 1 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 Pacifica live order book, 1 min ago | 3.88 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.94 bp | 6.4 bp −$6 | 15.9 bp −$159 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0966% | 1h | 4.7630 | −0.071% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0611% | 4h | 4.7593 | −0.149% | $33K | $2K | 10x | as long as short |
| Gate LIT_USDT | −0.0600% | 4h | 4.7660 | −0.008% | $2.8M | $4.5M | 50x | as long as short |
| Phemex LITUSDT | −0.0562% | 4h | 4.7590 | −0.155% | $1.3M | $2.7M | 20x | as long as short |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7575 | −0.187% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0338% | 1h | 4.7631 | −0.069% | $86K | $81K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0325% | 4h | 4.7635 | −0.061% | $25.1M | $62.2M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0296% | 4h | 4.7469 | −0.410% | $906K | $1.9M | 10x | as long as short |
| Bybit LITUSDT | −0.0294% | 4h | 4.7660 | −0.008% | $43.1M | $30.6M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0286% | 4h | 4.7665 | +0.002% | $5.3M | $1.1M | 30x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Gate LIT_USDT
Phemex LITUSDT
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack LIT_USDC_PERPshort | −0.0285% | 1h | 4.7664 | 0.000% | $669K | $1.5M | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.120% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7583 | −0.170% | $247K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0022% | 8h | 4.7622 | −0.088% | $6K | $2K | 5x | as long as short |
| Aftermath Perps LITUSD | −0.0009% | 1h | 4.7589 | −0.156% | $12K | $199K | 10x | as long as short |
| SoDEX LIT-USD | −0.0005% | 1h | 4.7620 | −0.092% | $1K | $487K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7679 | +0.031% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7682 | +0.037% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7654 | −0.022% | $830K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0014% | 1h | 4.7605 | −0.124% | $2.2M | $1.7M | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0031% | 1h | 4.7653 | −0.023% | $450K | $105K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.789% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0038% | 4h | 4.7597 | −0.141% | $290K | $311K | 10x | as long as short |
| MEXC LIT_USDT | +0.0044% | 4h | 4.7626 | −0.080% | $5.8M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0046% | 4h | 4.7635 | −0.061% | $75.4M | $81.3M | 75x | as long as short |
| Extended LIT-USD | +0.0064% | 1h | 4.7601 | −0.132% | $5.3M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0064% | 1h | 4.7621 | −0.089% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7721 | +0.120% | $59.8M | $30.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7724 | +0.126% | $212.1M | $45.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7717 | +0.111% | $12.8M | $2.5M | 50x | as long as short |
| Pacifica LITlong | +0.0100% | 1h | 4.7664 | long leg | $588K | $1.8M | 10x | |
| Arcus LIT-USD | +0.0100% | 1h | 4.7629 | −0.073% | $117K | $449K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7660 | −0.008% | $6.8M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7680 | +0.034% | $56K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7670 | +0.013% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7664 | 0.000% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7721 | +0.120% | $191K | $329K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7454 | −0.441% | $119K | $6K | 10x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7668 | +0.008% | $32K | $839K | 33x | as long as short |
| BloFin LIT-USDT | +0.0178% | 4h | 4.7633 | −0.065% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0359% / S −0.0155% | 1h | 4.7677 | +0.028% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0424% | 1h | 4.7740 | +0.159% | $3.8M | $14.2M | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Phoenix LIT
Paradex LIT-USD-PERP
Aftermath Perps LITUSD
SoDEX LIT-USD
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Nado LIT-PERP
Polymarket Perps LIT-USD
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Extended LIT-USD
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Bulk LIT-USD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT