LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0349%/8h= −38.2% APRnext payment −$0.44 per $10,000 · paid last 24h −0.006%

Price spread now: Backpack against SoDEX+0.072%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on SoDEX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.072%, 7d avg +0.070%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.003% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	SoDEX LIT-USD	4.7425	−0.0155	get 0.0019% / 1h	52m 22s	$984	$474K	5x
Short	Backpack LIT_USDC_PERP	4.7459	−0.0503	pay 0.0063% / 1h	52m 22s	$667K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee BackpackbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$73.26
Price spread: +0.072% → +0.070%: $0.13
Slippage, 4 orders: −$35.39
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$126.52
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from SoDEX: live order book, 36 min ago; Backpack: live order book, 2 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 SoDEX live order book, 36 min ago	0.62 bp	20.1 bp −$20	49.9 bp −$499	doesn't fit	doesn't fit
Sell Backpack live order book, 2 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	−0.1072%	1h	4.7443	+0.037%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0656%	1h	4.7378	−0.099%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0567%	4h	4.7345	−0.169%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERPshort	−0.0503%	1h	4.7459	+0.072%	$667K	$1.5M	5x
Phemex LITUSDT	−0.0469%	4h	4.7380	−0.095%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0374%	4h	4.7460	+0.074%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7403	−0.047%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7464	+0.082%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0298%	4h	4.7391	−0.072%	$25.1M	$60.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.116%	$895K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0214%	4h	4.7412	−0.027%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0178%	1h	4.7445	+0.042%	$2.1M	$1.7M	10x	as long as short
SoDEX LIT-USDlong	−0.0155%	1h	4.7425	long leg	$984	$474K	5x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.166%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0056%	1h	4.7423	−0.005%	$5.2M	$5.2M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	+0.086%	$246K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7398	−0.057%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.074%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7447	+0.046%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7482	+0.119%	$815K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.297%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7408	−0.036%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7392	−0.069%	$74.9M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7481	+0.118%	$289K	$310K	10x	as long as short
Polymarket Perps LIT-USD	+0.0061%	1h	4.7452	+0.057%	$448K	$104K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7359	−0.139%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.137%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.426%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7481	+0.118%	$211.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7487	+0.131%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7493	+0.144%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7443	+0.038%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7460	+0.074%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7482	+0.120%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7473	+0.101%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7468	+0.091%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7479	+0.114%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0120%	1h	4.7530	+0.221%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0176%	1h	4.7588	+0.344%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0213%	4h	4.7389	−0.076%	$1.6M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7541	+0.245%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7456	+0.065%	$60K	—	50x	as long as short