LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0958%/8h= −104.9% APRnext payment −$1.20 per $10,000 · paid last 24h −0.191%

Price spread now: Deribit against Backpack−0.055%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Deribit

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 against this trade now: funding costs −$29 a day on $10k at the current rate, and Deribit is 0.055% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7700	0.0100	pay 0.0013% / 1h	10m 59s	$691K	$1.4M	5x
Short	Deribit LIT_USDC-PERPETUAL	4.7674	−0.0858	pay 0.0107% / 1h	10m 59s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$201.26
Price spread: −0.055% → 0.000%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$223.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 3 min ago; Deribit: 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, 3 min ago	1.05 bp	6.9 bp −$7	15.7 bp −$157	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Deribit LIT_USDC-PERPETUALshort	−0.0858%	1h	4.7674	−0.055%	$42K	$40K	10x
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7607	−0.195%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7623	−0.161%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0363%	1h	4.7648	−0.109%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0199%	4h	4.7688	−0.025%	$25.9M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	+0.084%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7662	−0.080%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.173%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.091%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	+0.025%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7695	−0.010%	$32K	$852K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7682	−0.038%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7720	+0.042%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.713%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0047%	8h	4.7654	−0.096%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0070%	1h	4.7625	−0.157%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0084%	1h	4.7655	−0.094%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7744	+0.092%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7744	+0.092%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7675	−0.052%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7646	−0.112%	$76.1M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7671	−0.061%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7673	−0.057%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.469%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7680	−0.042%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7649	−0.107%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7710	+0.021%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7700	long leg	$691K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.073%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7717	+0.036%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7664	−0.075%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7680	−0.042%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7699	−0.002%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7660	−0.084%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7665	−0.074%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7663	−0.078%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7702	+0.003%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7758	+0.122%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0336%	1h	4.7770	+0.147%	$214.5M	$43.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7658	−0.088%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0367%	1h	4.7670	−0.062%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0189%	1h	4.7695	−0.010%	$64K	—	50x	as long as short