Funding you earn now, next payment 22:00 UTC−0.0523%/8h= −57.3% APRnext payment −$0.65 per $10,000 · paid last 24h 0.000%
Price spread now: Backpack against RISEx−0.008%7-day average +0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 3 days (all we have)−0.088%−$9 on $10k
+Price spread, last 7 days−0.561%−$56 · spread now −0.008%, 7d avg +0.219%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Backpack is 0.227% cheaper against RISEx than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.219%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.088% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 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 | RISEx LIT/USDC | 4.7490 | 0.0009 | pay 0.0001% / 1h | 53m 27s | $815K | $2.0M | 5x |
| Short | Backpack LIT_USDC_PERP | 4.7486 | −0.0514 | pay 0.0064% / 1h | 53m 27s | $667K | $1.5M | 5x |
RISEx LIT/USDC
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against RISEx. 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
- −$109.86
- Price spread: −0.008% → +0.219%
- −$22.68
- Slippage, 4 orders
- −$7.27
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$155.8
- Costs to cover
- 0.233%
- Break-even
- never at this rate
Slippage from RISEx: live order book, just now; 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 RISEx live order book, just now | 2.00 bp | 5.0 bp −$5 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 1.26 bp | 6.7 bp −$7 | 17.2 bp −$172 | 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 | −0.0847% | 1h | 4.7435 | −0.115% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0680% | 1h | 4.7407 | −0.174% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0565% | 4h | 4.7362 | −0.269% | $32K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0514% | 1h | 4.7486 | −0.008% | $667K | $1.5M | 5x | |
| Phemex LITUSDT | −0.0484% | 4h | 4.7440 | −0.105% | $1.3M | $2.7M | 20x | as long as short |
| Gate LIT_USDT | −0.0360% | 4h | 4.7460 | −0.063% | $2.8M | $4.5M | 50x | as long as short |
| Bullet LIT-USD | −0.0352% | 1h | 4.7414 | −0.159% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0332% | 4h | 4.7464 | −0.054% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0292% | 4h | 4.7458 | −0.067% | $25.2M | $60.7M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0260% | 4h | 4.7480 | −0.021% | $895K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Phemex LITUSDT
Gate LIT_USDT
Bullet LIT-USD
KuCoin LITUSDTM
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 | −0.0235% | 4h | 4.7460 | −0.063% | $42.9M | $30.1M | 75x | as long as short |
| Nado LIT-PERP | −0.0183% | 1h | 4.7435 | −0.114% | $2.1M | $1.7M | 10x | as long as short |
| SoDEX LIT-USD | −0.0180% | 1h | 4.7443 | −0.098% | $983 | $474K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +2.027% | $668K | $408K | 50x | as long as short |
| Phoenix LIT | −0.0067% | 1h | 4.7677 | +0.394% | $246K | $321K | 5x | as long as short |
| Extended LIT-USD | −0.0048% | 1h | 4.7430 | −0.125% | $5.2M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0016% | 8h | 4.7377 | −0.238% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7460 | −0.063% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7461 | −0.061% | $35K | — | 150x | as long as short |
| RISEx LIT/USDClong | +0.0009% | 1h | 4.7490 | long leg | $815K | $2.0M | 5x | |
| Polymarket Perps LIT-USD | +0.0030% | 1h | 4.7428 | −0.130% | $448K | $104K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.159% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0052% | 4h | 4.7430 | −0.126% | $5.9M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0053% | 4h | 4.7420 | −0.147% | $74.9M | $80.6M | 75x | as long as short |
| edgeX LITUSDC | +0.0056% | 4h | 4.7481 | −0.019% | $289K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7391 | −0.207% | $148K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0083% | 1h | 4.7490 | +0.001% | $56K | $78K | 50x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | +0.289% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7485 | −0.010% | $211.0M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7487 | −0.006% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7487 | −0.006% | $596K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7448 | −0.088% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7460 | −0.063% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7467 | −0.048% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7472 | −0.037% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7465 | −0.052% | $189K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7486 | −0.007% | $31K | $842K | 33x | as long as short |
| Lighter LIT | +0.0120% | 1h | 4.7524 | +0.072% | $59.6M | $29.5M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0161% | 1h | 4.7644 | +0.325% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0192% | 1h | 4.7525 | +0.074% | $3.7M | $14.0M | 5x | as long as short |
| BloFin LIT-USDT | +0.0218% | 4h | 4.7425 | −0.136% | $1.5M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7459 | −0.065% | $60K | — | 50x | as long as short |
Bybit LITUSDT
Nado LIT-PERP
SoDEX LIT-USD
Coinbase International LIT-PERP-INTX
Phoenix LIT
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Polymarket Perps LIT-USD
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
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
Aftermath Perps LITUSD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]