Funding you earn now, next payment 02:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h +0.135%
Price spread now: Backpack against Orderly+0.292%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$15 a day on $10k at the current rate, and Backpack is 0.292% dearer against Orderly than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Orderly PERP_LIT_USDC | 4.7295 | −0.0462 | get 0.0231% / 4h | 2h 25m | $32K | $2K | 10x |
| Short | Backpack LIT_USDC_PERP | 4.7433 | 0.0051 | get 0.0006% / 1h | 25m 21s | $685K | $1.4M | 5x |
Orderly PERP_LIT_USDC
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- $107.79
- Price spread: +0.292% → 0.000%
- $29.18
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $120.97
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 4 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 0.63 bp | 6.4 bp −$6 | 15.8 bp −$158 | doesn't fit | doesn't fit |
Orderly: 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 41 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 | −0.0720% | 1h | 4.7365 | +0.148% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0632% | 1h | 4.7313 | +0.038% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDClong | −0.0462% | 4h | 4.7295 | long leg | $32K | $2K | 10x | |
| Bullet LIT-USD | −0.0462% | 1h | 4.7373 | +0.165% | $85K | $73K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0209% | 1h | 4.7190 | −0.222% | $56K | $77K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0172% | 4h | 4.7370 | +0.159% | $900K | $1.8M | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0141% | 4h | 4.7370 | +0.159% | $25.7M | $63.9M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0140% | 4h | 4.7361 | +0.140% | $5.3M | $1.1M | 30x | as long as short |
| Gate LIT_USDT | −0.0124% | 4h | 4.7380 | +0.180% | $2.8M | $4.3M | 50x | as long as short |
| Phemex LITUSDT | −0.0114% | 4h | 4.7340 | +0.095% | $1.4M | $2.7M | 20x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Bullet LIT-USD
ApeX Omni LITUSDT
GRVT LIT_USDT_Perp
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
Gate LIT_USDT
Phemex LITUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0102% | 1h | 4.7401 | +0.224% | $205K | $352K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.7409 | +0.240% | $671K | $374K | 50x | as long as short |
| Bulk LIT-USD | −0.0039% | 1h | 4.7299 | +0.008% | $118K | $1K | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7372 | +0.163% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.7418 | +0.260% | $475 | — | 150x | as long as short |
| Bybit LITUSDT | +0.0014% | 4h | 4.7360 | +0.137% | $42.4M | $29.2M | 75x | as long as short |
| Paradex LIT-USD-PERP | +0.0032% | 8h | 4.7333 | +0.081% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.575% | $422 | $178K | 5.5x | as long as short |
| SoDEX LIT-USD | +0.0049% | 1h | 4.7373 | +0.165% | $1K | $450K | 5x | as long as short |
| Backpack LIT_USDC_PERPshort | +0.0051% | 1h | 4.7433 | +0.292% | $685K | $1.4M | 5x | |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7389 | +0.198% | $790K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7437 | +0.300% | $59.4M | $29.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.7423 | +0.271% | $3.7M | $13.3M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7345 | +0.106% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7430 | +0.285% | $212.2M | $44.0M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7441 | +0.309% | $12.7M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7367 | +0.152% | $588K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7347 | +0.110% | $75.5M | $80.4M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7363 | +0.144% | $117K | $448K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7343 | +0.101% | $5.5M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7390 | +0.201% | $6.8M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7361 | +0.139% | $288K | $304K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7366 | +0.150% | $448K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7402 | +0.227% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7385 | +0.190% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7445 | +0.317% | $190K | $354K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7341 | +0.097% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7350 | +0.116% | $148K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0259% | 1h | 4.7260 | −0.074% | $9K | $211K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0404% / S −0.0197% | 1h | 4.7418 | +0.261% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7400 | +0.222% | $31K | $860K | 33x | as long as short |
Phoenix LIT
Coinbase International LIT-PERP-INTX
Bulk LIT-USD
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Bybit LITUSDT
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
SoDEX LIT-USD
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Nado LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT