Funding you earn now, next payment 04:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.025%
Price spread now: MEXC against Backpack−0.088%7-day average −0.244% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Funding, last 7 days−0.110%−$11 on $10k
+Price spread, last 7 days−0.314%−$31 · spread now −0.088%, 7d avg −0.244%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and MEXC is 0.156% dearer against Backpack than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.244%. Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% 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 | 4.6657 | −0.0229 | get 0.0029% / 1h | 42m 23s | $659K | $1.4M | 5x |
| Short | MEXC LIT_USDT | 4.6616 | 0.0100 | get 0.0050% / 4h | 42m 23s | $5.5M | $3.9M | 100x |
Backpack LIT_USDC_PERP
MEXC LIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $69.1
- Price spread: −0.088% → −0.244%
- $15.62
- Slippage, 4 orders
- −$5.71
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $65.02
- Costs to cover
- 0.197%
- Break-even
- 0.4 days
Slippage from Backpack: live order book, 2 min ago; MEXC: live order book, 5 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, 2 min ago | 0.75 bp | 6.0 bp −$6 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.11 bp | 2.9 bp −$3 | 16.7 bp −$167 | 299.6 bp −$30.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0512% | 1h | 4.6558 | −0.212% | $32K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0511% | 1h | 4.6628 | −0.062% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0392% | 4h | 4.6583 | −0.159% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0247% | 1h | 4.6618 | −0.084% | $83K | $68K | 20x | as long as short |
| Gate LIT_USDT | −0.0232% | 4h | 4.6670 | +0.028% | $2.7M | $4.3M | 50x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0229% | 1h | 4.6657 | long leg | $659K | $1.4M | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | +0.408% | $612K | $404K | 50x | as long as short |
| Phemex LITUSDT | −0.0131% | 4h | 4.6620 | −0.079% | $1.3M | $2.8M | 20x | as long as short |
| Nado LIT-PERP | −0.0054% | 1h | 4.6616 | −0.087% | $2.1M | $1.7M | 10x | as long as short |
| Extended LIT-USD | −0.0048% | 1h | 4.6605 | −0.112% | $5.1M | $5.0M | 25x | as long as short |
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Bullet LIT-USD
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
Nado LIT-PERP
Extended LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0034% | 1h | 4.6711 | +0.116% | $201K | $305K | 5x | as long as short |
| Bybit LITUSDT | −0.0027% | 4h | 4.6630 | −0.058% | $41.1M | $28.7M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0020% | 4h | 4.6681 | +0.051% | $5.2M | $1.0M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0003% | 4h | 4.6631 | −0.056% | $25.1M | $61.1M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6661 | +0.009% | $33K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6658 | +0.002% | $11K | — | 150x | as long as short |
| ApeX Omni LITUSDT | +0.0026% | 1h | 4.6660 | +0.006% | $56K | $76K | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.964% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0064% | 8h | 4.6604 | −0.115% | $6K | $2K | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0067% | 1h | 4.6631 | −0.056% | $436K | $109K | 10x | as long as short |
| GRVT LIT_USDT_Perp | +0.0072% | 4h | 4.6672 | +0.031% | $904K | $1.8M | 10x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6646 | −0.023% | $778K | $2.1M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6680 | +0.049% | $58.1M | $28.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6694 | +0.079% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6708 | +0.109% | $208.9M | $42.0M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6653 | −0.009% | $582K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6608 | −0.106% | $74.5M | $79.3M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6707 | +0.107% | $121K | $455K | 5x | as long as short |
| MEXC LIT_USDTshort | +0.0100% | 4h | 4.6616 | −0.088% | $5.5M | $3.9M | 100x | |
| Bitget LITUSDT | +0.0100% | 4h | 4.6650 | −0.015% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6650 | −0.014% | $284K | $305K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6650 | −0.014% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6642 | −0.032% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6649 | −0.017% | $1K | $390K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6716 | +0.126% | $197K | $388K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6625 | −0.068% | $116K | $1K | 10x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6618 | −0.084% | $146K | — | 3x | as long as short |
| Aster LITUSDT | +0.0186% | 4h | 4.6698 | +0.088% | $12.5M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0213% | 1h | 4.6718 | +0.130% | $8K | $206K | 10x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6667 | +0.022% | $31K | $791K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6592 | −0.139% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6674 | +0.035% | $62K | — | 50x | as long as short |
Phoenix LIT
Bybit LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
ApeX Omni LITUSDT
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Polymarket Perps LIT-USD
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bitget LITUSDT
edgeX LITUSDC
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Aftermath Perps LITUSD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]