Funding you earn now, next payment 21:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.020%
Price spread now: Coinbase International against Injective−0.664%64s7-day average +10.703% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.841%−$84 on $10k
+Price spread, last 3 days (all we have)+16.533%+$1,653 · spread now −0.664%, 7d avg +10.703%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 11.367% cheaper against Injective than usual: you would sell low and buy high (−$1,137 if the spread goes back to its 7-day average of +10.703%). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective LIT/USDC PERP | 4.8040 | 0.0033 | pay 0.0004% / 1h | 5m 39s | $422 | $178K | 5.5x |
| Short | Coinbase International LIT-PERP-INTX | 4.7721 | −0.0152 | pay 0.0019% / 1h | 5m 39s | $660K | $404K | 50x |
Injective LIT/USDC PERP
Coinbase International LIT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- −$38.92
- Price spread: −0.664% → +10.703%
- −$1,136.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$1,185.64
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 18 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 18 min ago | 8.70 bp | 19.8 bp −$20 | 59.0 bp −$590 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.1231% | 1h | 4.7134 | −1.886% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0696% | 4h | 4.7140 | −1.873% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0620% | 4h | 4.7064 | −2.032% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0603% | 4h | 4.7130 | −1.894% | $1.3M | $2.8M | 20x | as long as short |
| 01 Exchange LITUSD | −0.0592% | 1h | 4.7026 | −2.111% | $33K | $4K | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0367% | 4h | 4.7087 | −1.984% | $25.0M | $61.9M | 50x | as long as short |
| Bullet LIT-USD | −0.0357% | 1h | 4.7118 | −1.920% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0304% | 4h | 4.7157 | −1.838% | $5.2M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0302% | 4h | 4.7103 | −1.950% | $42.6M | $30.8M | 75x | as long as short |
| Backpack LIT_USDC_PERP | −0.0277% | 1h | 4.7166 | −1.819% | $662K | $1.5M | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
Phemex LITUSDT
01 Exchange LITUSD
OKX LIT-USDT-SWAP
Bullet LIT-USD
KuCoin LITUSDTM
Bybit LITUSDT
Backpack LIT_USDC_PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0260% | 4h | 4.7220 | −1.706% | $896K | $1.9M | 10x | as long as short |
| Aftermath Perps LITUSD | −0.0166% | 1h | 4.7308 | −1.524% | $10K | $202K | 10x | as long as short |
| Coinbase International LIT-PERP-INTXshort | −0.0152% | 1h | 4.7721 | −0.664% | $660K | $404K | 50x | |
| SoDEX LIT-USD | −0.0064% | 1h | 4.7135 | −1.884% | $1K | $487K | 5x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7251 | −1.642% | $245K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0029% | 8h | 4.7064 | −2.032% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7127 | −1.900% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7179 | −1.793% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7133 | −1.889% | $791K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0010% | 1h | 4.7113 | −1.929% | $2.1M | $1.7M | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0023% | 1h | 4.7122 | −1.911% | $445K | $105K | 10x | as long as short |
| MEXC LIT_USDT | +0.0032% | 4h | 4.7075 | −2.009% | $5.7M | $4.3M | 100x | as long as short |
| Binance LITUSDT | +0.0032% | 4h | 4.7075 | −2.009% | $74.6M | $81.7M | 75x | as long as short |
| Injective LIT/USDC PERPlong | +0.0033% | 1h | 4.8040 | long leg | $422 | $178K | 5.5x | |
| edgeX LITUSDC | +0.0037% | 4h | 4.7229 | −1.689% | $287K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7103 | −1.951% | $147K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7173 | −1.805% | $59.2M | $30.3M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7172 | −1.807% | $210.2M | $45.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7177 | −1.796% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7139 | −1.876% | $581K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7100 | −1.957% | $116K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7374 | −1.387% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7110 | −1.936% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7230 | −1.686% | $55K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7177 | −1.797% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7143 | −1.867% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7220 | −1.707% | $189K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7117 | −1.922% | $5.2M | $5.2M | 25x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7135 | −1.884% | $31K | $843K | 33x | as long as short |
| BloFin LIT-USDT | +0.0137% | 4h | 4.7180 | −1.790% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0357% / S −0.0155% | 1h | 4.7170 | −1.811% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0408% | 1h | 4.7192 | −1.765% | $3.7M | $14.3M | 5x | as long as short |
GRVT LIT_USDT_Perp
Aftermath Perps LITUSD
SoDEX LIT-USD
Phoenix LIT
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Nado LIT-PERP
Polymarket Perps LIT-USD
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT