Funding you earn now, next payment 00:55 UTC−0.0416%/8h= −45.6% APRpaid last 24h −0.040%
Price spread now: Bulk against Perpl−0.266%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.135%−$14 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.266%, 7d avg −0.003%
=Together, before fees+0.008%+ Points / potential airdropPerpl: Active · farm board+$1 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 Bulk is 0.264% cheaper against Perpl than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.135% in total (about -14.2% 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 | 4.7037 | 0.0447 | pay 0.0040% / 43m | 37m 56s | $31K | $861K | 33x |
| Short | Bulk LIT-USD | 4.6912 | 0.0030 | get 0.0004% / 1h | 32m 56s | $117K | $1K | 10x |
Perpl LIT
Bulk LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$87.4
- Price spread: −0.266% → −0.003%
- −$26.38
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$134.57
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Bulk: live order book, 36 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 Bulk live order book, 36 min ago | 0.42 bp | 5.5 bp −$6 | 14.3 bp −$143 | 38.3 bp −$3,830 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0668% | 1h | 4.7001 | −0.076% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0608% | 1h | 4.6969 | −0.144% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0462% | 4h | 4.6974 | −0.134% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0435% | 1h | 4.6978 | −0.125% | $84K | $73K | 20x | as long as short |
| Gate LIT_USDT | −0.0210% | 4h | 4.7090 | +0.113% | $2.8M | $4.3M | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0161% | 4h | 4.7045 | +0.017% | $25.5M | $63.8M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0138% | 4h | 4.7061 | +0.051% | $5.2M | $1.1M | 30x | as long as short |
| GRVT LIT_USDT_Perp | −0.0136% | 4h | 4.7050 | +0.028% | $904K | $1.8M | 10x | as long as short |
| ApeX Omni LITUSDT | −0.0112% | 1h | 4.7030 | −0.014% | $56K | $77K | 50x | as long as short |
| Phoenix LIT | −0.0102% | 1h | 4.6823 | −0.455% | $202K | $352K | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
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 | −0.036% | $679K | $1.4M | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.7209 | +0.366% | $668K | $387K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7061 | +0.051% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.7020 | −0.036% | $471 | — | 150x | as long as short |
| Bulk LIT-USDshort | +0.0030% | 1h | 4.6912 | −0.266% | $117K | $1K | 10x | |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.133% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0035% | 8h | 4.7011 | −0.055% | $7K | $2K | 5x | as long as short |
| Phemex LITUSDT | +0.0060% | 4h | 4.7010 | −0.057% | $1.4M | $2.7M | 20x | as long as short |
| SoDEX LIT-USD | +0.0073% | 1h | 4.7012 | −0.053% | $1K | $453K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7049 | +0.027% | $787K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7051 | +0.030% | $58.9M | $29.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.7072 | +0.075% | $3.7M | $13.3M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7025 | −0.025% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7063 | +0.056% | $210.6M | $43.9M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7074 | +0.079% | $12.6M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7055 | +0.039% | $584K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7007 | −0.063% | $75.0M | $80.7M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7027 | −0.021% | $42.2M | $29.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7024 | −0.027% | $116K | $448K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7018 | −0.040% | $5.5M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7090 | +0.113% | $6.7M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6972 | −0.138% | $286K | $306K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7016 | −0.044% | $444K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7040 | +0.006% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7015 | −0.046% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7215 | +0.379% | $189K | $354K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7014 | −0.048% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7011 | −0.054% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0294% | 1h | 4.7000 | −0.079% | $9K | $212K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0405% / S −0.0198% | 1h | 4.7007 | −0.064% | $63K | — | 50x | as long as short |
| Perpl LITlong | +0.0447% | 43m | 4.7037 | long leg | $31K | $861K | 33x |
Backpack LIT_USDC_PERP
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
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]