Funding you earn now, next payment 23:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.008%
Price spread now: Gate against Backpack−0.040%7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now −0.040%, 7d avg −0.189%
=The price spread pays, funding is against you. Gate is 0.148% dearer against Backpack than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.189%): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.133% in total) that is about 7.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% 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 | Backpack LIT_USDC_PERP | 4.7159 | −0.0689 | get 0.0086% / 1h | 38m 58s | $662K | $1.4M | 5x |
| Short | Gate LIT_USDT | 4.7140 | −0.1018 | pay 0.0509% / 4h | 1h 38m | $2.8M | $4.5M | 50x |
Backpack LIT_USDC_PERP
Gate LIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Backpack. 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
- −$69.19
- Price spread: −0.040% → −0.189%
- $14.84
- Slippage, 4 orders
- −$20.34
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$99.69
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; Gate: live order book, 4 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 Backpack live order book, 5 min ago | 0.53 bp | 5.7 bp −$6 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.12 bp | 18.1 bp −$18 | 54.1 bp −$541 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDTshort | −0.1018% | 4h | 4.7140 | −0.040% | $2.8M | $4.5M | 50x | |
| Deribit LIT_USDC-PERPETUAL | −0.0875% | 1h | 4.7131 | −0.059% | $41K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0689% | 1h | 4.7159 | long leg | $662K | $1.4M | 5x | |
| Orderly PERP_LIT_USDC | −0.0628% | 4h | 4.7085 | −0.157% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7085 | −0.157% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0520% | 4h | 4.7100 | −0.125% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0427% | 4h | 4.7060 | −0.210% | $25.3M | $62.0M | 50x | as long as short |
| Bullet LIT-USD | −0.0338% | 1h | 4.7128 | −0.065% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0296% | 4h | 4.7092 | −0.142% | $42.6M | $30.4M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0290% | 4h | 4.7162 | +0.006% | $5.2M | $1.1M | 30x | as long as short |
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 | −0.0227% | 1h | 4.7161 | +0.005% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0184% | 4h | 4.7174 | +0.033% | $901K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +1.192% | $660K | $388K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7184 | +0.052% | $786K | $2.1M | 5x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7231 | +0.153% | $245K | $327K | 5x | as long as short |
| Nado LIT-PERP | −0.0032% | 1h | 4.7133 | −0.054% | $2.1M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7204 | +0.095% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7181 | +0.048% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0004% | 8h | 4.7114 | −0.095% | $6K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.868% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0057% | 4h | 4.7200 | +0.087% | $287K | $310K | 10x | as long as short |
| MEXC LIT_USDT | +0.0058% | 4h | 4.7091 | −0.144% | $5.6M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0060% | 4h | 4.7057 | −0.216% | $74.6M | $81.1M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7121 | −0.081% | $147K | $44K | 3x | as long as short |
| SoDEX LIT-USD | +0.0073% | 1h | 4.7145 | −0.030% | $1K | $467K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7197 | +0.081% | $59.3M | $29.4M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7196 | +0.078% | $210.4M | $44.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7161 | +0.004% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7174 | +0.032% | $580K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7148 | −0.023% | $116K | $447K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7148 | −0.023% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7170 | +0.023% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7190 | +0.066% | $55K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7148 | −0.023% | $445K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7175 | +0.034% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7145 | −0.030% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7227 | +0.144% | $189K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7082 | −0.163% | $5.2M | $5.1M | 25x | as long as short |
| BloFin LIT-USDT | +0.0241% | 4h | 4.7096 | −0.134% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7178 | +0.040% | $32K | $839K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0356% / S −0.0155% | 1h | 4.7171 | +0.025% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0360% | 1h | 4.7222 | +0.134% | $3.7M | $13.6M | 5x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Phoenix LIT
Nado LIT-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
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
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT