LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0522%/8h= −57.1% APRnext payment −$0.65 per $10,000 · paid last 24h −0.187%

Price spread now: Deribit against Backpack−0.112%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.112% cheaper against Backpack than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7271	−0.0252	get 0.0032% / 1h	57m 32s	$681K	$1.4M	5x
Short	Deribit LIT_USDC-PERPETUAL	4.7218	−0.0774	pay 0.0097% / 1h	57m 32s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Backpack. 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 BackpackbpFee DeribitbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$109.54
Price spread: −0.112% → 0.000%: −$11.21
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$137.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 1 min ago; Deribit: no order-book sample. 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 Backpack live order book, 1 min ago	0.74 bp	6.0 bp −$6	16.7 bp −$167	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0786%	4h	4.7270	−0.002%	$2.8M	$4.4M	50x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0774%	1h	4.7218	−0.112%	$41K	$40K	10x
Phemex LITUSDT	−0.0739%	4h	4.7220	−0.108%	$1.4M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0712%	1h	4.7211	−0.127%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0538%	4h	4.7143	−0.271%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0497%	1h	4.7199	−0.151%	$84K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0315%	4h	4.7253	−0.038%	$25.6M	$64.1M	50x	as long as short
Polymarket Perps LIT-USD	−0.0271%	1h	4.7217	−0.114%	$446K	$105K	10x	as long as short
Backpack LIT_USDC_PERPlong	−0.0252%	1h	4.7271	long leg	$681K	$1.4M	5x
KuCoin LITUSDTM	−0.0172%	4h	4.7194	−0.163%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7414	+0.302%	$670K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0086%	4h	4.7292	+0.044%	$906K	$1.8M	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7276	+0.011%	$205K	$351K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7263	−0.017%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7232	−0.083%	$31K	$854K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7264	−0.015%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0026%	8h	4.7217	−0.115%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.627%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0048%	4h	4.7230	−0.087%	$42.6M	$30.4M	75x	as long as short
SoDEX LIT-USD	+0.0079%	1h	4.7233	−0.080%	$999	$471K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7277	+0.013%	$59.1M	$29.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7238	−0.069%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7306	+0.074%	$212.2M	$45.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7255	−0.034%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7254	−0.037%	$587K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7232	−0.083%	$75.3M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7254	−0.036%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7190	−0.172%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7224	−0.099%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	−0.023%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7271	−0.001%	$288K	$312K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7340	+0.146%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7257	−0.031%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7185	−0.182%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7400	+0.273%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7234	−0.079%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7230	−0.087%	$148K	$44K	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7281	+0.021%	$796K	$2.1M	5x	as long as short
Lighter RH LIT	+0.0136%	1h	4.7295	+0.051%	$3.7M	$13.6M	5x	as long as short
Aftermath Perps LITUSD	+0.0227%	1h	4.7329	+0.123%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7163	−0.228%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0173%	1h	4.7249	−0.047%	$62K	—	50x	as long as short