LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0353%/8h= +38.7% APRnext payment +$0.44 per $10,000 · paid last 24h +0.059%

Price spread now: GMX against Backpack+0.184%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and GMX is 0.184% dearer against Backpack than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7252	−0.0123	get 0.0015% / 1h	53m 24s	$663K	$1.4M	5x
Short	GMX LIT/USD [ETH-USDC]	4.7339	L +0.0436% / S −0.0231%	get 0.0029% / 1h	53m 24s	$65K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.184%Rate

Funding earned: $74.23
Price spread: +0.184% → 0.000%: $18.4
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $70.63
Costs to cover: 0.220%
Break-even: 0.3 days

Slippage unknown: Backpack: live order book, 6 min ago; GMX: 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, 6 min ago	0.11 bp	8.0 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
ApeX Omni LITUSDT	−0.0498%	1h	4.7060	−0.406%	$56K	$76K	50x	as long as short
Nado LIT-PERP	−0.0463%	1h	4.7261	+0.020%	$2.2M	$1.7M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0388%	4h	4.7278	+0.055%	$32K	$1K	10x	as long as short
Bybit LITUSDT	−0.0338%	4h	4.7303	+0.108%	$41.4M	$28.9M	75x	as long as short
Phemex LITUSDT	−0.0315%	4h	4.7180	−0.152%	$1.4M	$2.8M	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0307%	1h	4.7218	−0.071%	$41K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.737%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7272	+0.042%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0206%	1h	4.7288	+0.075%	$84K	$68K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0126%	4h	4.6975	−0.586%	$904K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERPlong	−0.0123%	1h	4.7252	long leg	$663K	$1.4M	5x
Phoenix LIT	−0.0017%	1h	4.7264	+0.025%	$203K	$299K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0010%	4h	4.7320	+0.144%	$25.4M	$61.7M	50x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7271	+0.041%	$808K	$2.2M	5x	as long as short
KuCoin LITUSDTM	−0.0002%	4h	4.7259	+0.015%	$5.3M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7291	+0.084%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7327	+0.158%	$11K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0031%	1h	4.7140	−0.236%	$9K	$205K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.668%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0064%	1h	4.7302	+0.105%	$5.2M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0071%	8h	4.7183	−0.145%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7267	+0.032%	$59.0M	$28.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7365	+0.239%	$211.4M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7233	−0.040%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7313	+0.129%	$75.8M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7264	+0.025%	$118K	$451K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7260	+0.017%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7274	+0.047%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7310	+0.123%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6977	−0.581%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7288	+0.076%	$442K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7244	−0.016%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7216	−0.076%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7214	−0.080%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6909	−0.726%	$198K	$360K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7192	−0.128%	$118K	$8K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7314	+0.132%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7314	+0.130%	$31K	$762K	33x	as long as short
Aster LITUSDT	+0.0248%	4h	4.7333	+0.171%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7102	−0.317%	$1.6M	$1.9M	75x	as long as short
Lighter RH LIT	+0.0352%	1h	4.7311	+0.125%	$3.8M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0436% / S −0.0231%	1h	4.7339	+0.184%	$65K	—	50x