Funding you earn now, next payment 22:03 UTC−0.1000%/8h= −109.5% APRpaid last 24h −0.056%
Price spread now: Backpack against Perpl−0.014%7-day average +0.213% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.014%, 7d avg +0.213%
=Together, before fees+0.324%+ Points / potential airdropPerpl: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Backpack is 0.227% cheaper against Perpl than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.213%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.157%, 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 0.157% in total (about 8.2% 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 | Perpl LIT | 4.7218 | 0.0335 | pay 0.0030% / 43m | 10m 56s | $32K | $839K | 33x |
| Short | Backpack LIT_USDC_PERP | 4.7211 | −0.0665 | pay 0.0083% / 1h | 40m 56s | $663K | $1.4M | 5x |
Perpl LIT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Perpl. 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
- −$210.02
- Price spread: −0.014% → +0.213%
- −$22.69
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$256.5
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Backpack: live order book, 3 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 0.53 bp | 6.2 bp −$6 | 15.4 bp −$154 | doesn't fit | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0992% | 4h | 4.7170 | −0.101% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0902% | 1h | 4.7171 | −0.098% | $41K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0665% | 1h | 4.7211 | −0.014% | $663K | $1.4M | 5x | |
| Orderly PERP_LIT_USDC | −0.0631% | 4h | 4.7129 | −0.188% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7180 | −0.080% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0522% | 4h | 4.7170 | −0.101% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0422% | 4h | 4.7135 | −0.175% | $25.3M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0344% | 1h | 4.7181 | −0.077% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0299% | 4h | 4.7142 | −0.160% | $42.6M | $30.4M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0288% | 4h | 4.7219 | +0.003% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0229% | 1h | 4.7171 | −0.099% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0200% | 4h | 4.7104 | −0.242% | $899K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +1.067% | $660K | $388K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7258 | +0.085% | $787K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0042% | 1h | 4.7179 | −0.083% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7231 | +0.028% | $245K | $327K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7255 | +0.079% | $34K | — | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0001% | 8h | 4.7205 | −0.026% | $6K | $2K | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7232 | +0.029% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.742% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0055% | 4h | 4.7164 | −0.114% | $287K | $310K | 10x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7140 | −0.164% | $5.6M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0057% | 4h | 4.7124 | −0.198% | $74.7M | $81.1M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7194 | −0.050% | $148K | $44K | 3x | as long as short |
| SoDEX LIT-USD | +0.0083% | 1h | 4.7175 | −0.090% | $1K | $467K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7245 | +0.058% | $59.4M | $29.4M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7256 | +0.081% | $210.7M | $44.8M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7243 | +0.055% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7265 | +0.100% | $581K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7234 | +0.035% | $116K | $447K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7148 | −0.147% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7160 | −0.122% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.186% | $55K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7204 | −0.029% | $446K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7224 | +0.013% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7207 | −0.022% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7222 | +0.009% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7126 | −0.193% | $5.2M | $5.1M | 25x | as long as short |
| BloFin LIT-USDT | +0.0226% | 4h | 4.7158 | −0.126% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LITlong | +0.0335% | 43m | 4.7218 | long leg | $32K | $839K | 33x | |
| GMX LIT/USD [ETH-USDC] | L +0.0356% / S −0.0155% | 1h | 4.7222 | +0.009% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0400% | 1h | 4.7275 | +0.122% | $3.7M | $13.6M | 5x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Phoenix LIT
dYdX LIT-USD
Paradex LIT-USD-PERP
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
SoDEX LIT-USD
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT