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: Backpack against Deribit+0.112%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Backpack

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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.112% dearer against Deribit than usual: you sell high and buy low: +$11 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	Deribit LIT_USDC-PERPETUAL	4.7218	−0.0774	get 0.0097% / 1h	57m 20s	$41K	$40K	10x
Short	Backpack LIT_USDC_PERP	4.7271	−0.0252	pay 0.0032% / 1h	57m 20s	$681K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now +0.112%Rate

Funding earned: $109.54
Price spread: +0.112% → 0.000%: $11.22
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $103.76
Costs to cover: 0.170%
Break-even: 0.4 days

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 2 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.74 bp	6.4 bp −$6	15.4 bp −$154	doesn't fit	doesn't fit

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	+0.110%	$2.8M	$4.4M	50x	as long as short
Deribit LIT_USDC-PERPETUALlong	−0.0774%	1h	4.7218	long leg	$41K	$40K	10x
Phemex LITUSDT	−0.0739%	4h	4.7220	+0.004%	$1.4M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0712%	1h	4.7211	−0.015%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0534%	4h	4.7183	−0.074%	$32K	$2K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0313%	4h	4.7236	+0.038%	$25.6M	$64.0M	50x	as long as short
Bullet LIT-USD	−0.0311%	1h	4.7232	+0.030%	$84K	$77K	20x	as long as short
Backpack LIT_USDC_PERPshort	−0.0252%	1h	4.7271	+0.112%	$681K	$1.4M	5x
KuCoin LITUSDTM	−0.0172%	4h	4.7219	+0.002%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7414	+0.414%	$670K	$402K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0086%	4h	4.7292	+0.156%	$906K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	−0.0064%	1h	4.7262	+0.093%	$447K	$105K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7209	−0.019%	$205K	$361K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7263	+0.095%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7255	+0.079%	$31K	$856K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7292	+0.157%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0026%	8h	4.7217	−0.003%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.741%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0048%	4h	4.7240	+0.047%	$42.6M	$30.4M	75x	as long as short
SoDEX LIT-USD	+0.0079%	1h	4.7233	+0.032%	$999	$471K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7277	+0.125%	$59.1M	$29.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7238	+0.043%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7328	+0.233%	$212.3M	$45.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7281	+0.134%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7254	+0.075%	$587K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7232	+0.031%	$75.3M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7254	+0.076%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7190	−0.060%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7234	+0.034%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7270	+0.110%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7271	+0.111%	$288K	$312K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7340	+0.258%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7272	+0.115%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7185	−0.070%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7400	+0.385%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7234	+0.034%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7271	+0.112%	$148K	$44K	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7281	+0.133%	$796K	$2.1M	5x	as long as short
Lighter RH LIT	+0.0136%	1h	4.7295	+0.163%	$3.7M	$13.6M	5x	as long as short
Aftermath Perps LITUSD	+0.0232%	1h	4.7318	+0.211%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7163	−0.116%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0173%	1h	4.7275	+0.121%	$63K	—	50x	as long as short