LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h +0.065%

Price spread now: GMX against Backpack+0.008%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7793	0.0100	pay 0.0013% / 1h	51m 14s	$678K	$1.4M	5x
Short	GMX LIT/USD [ETH-USDC]	4.7797	L +0.0378% / S −0.0169%	get 0.0021% / 1h	51m 14s	$63K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $14.49
Price spread: +0.008% → 0.000%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$6.73
Costs to cover: 0.220%
Break-even: 10.2 days

Slippage unknown: Backpack: live order book, 3 min ago; GMX: 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	1.15 bp	7.1 bp −$7	14.2 bp −$142	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0980%	4h	4.7800	+0.015%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0662%	1h	4.7769	−0.049%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0617%	4h	4.7784	−0.019%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0488%	1h	4.7724	−0.144%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0472%	4h	4.7760	−0.069%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0447%	4h	4.7753	−0.084%	$25.9M	$64.2M	50x	as long as short
Bullet LIT-USD	−0.0285%	1h	4.7761	−0.067%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0238%	4h	4.7804	+0.023%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0180%	4h	4.7755	−0.080%	$43.1M	$30.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7920	+0.265%	$678K	$405K	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	−0.0118%	4h	4.7864	+0.149%	$918K	$1.8M	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7854	+0.128%	$208K	$353K	5x	as long as short
Aftermath Perps LITUSD	−0.0002%	1h	4.7840	+0.098%	$13K	$203K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7783	−0.020%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7755	−0.079%	$32K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7811	+0.038%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0011%	8h	4.7726	−0.141%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7816	+0.049%	$823K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.517%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0063%	4h	4.7869	+0.159%	$291K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0066%	4h	4.7758	−0.073%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0067%	4h	4.7734	−0.123%	$76.0M	$81.2M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7739	−0.113%	$149K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7779	−0.029%	$451K	$105K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7821	+0.059%	$60.2M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7771	−0.045%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7830	+0.077%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7793	0.000%	$619K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7799	+0.013%	$121K	$453K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.475%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7790	−0.006%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7793	long leg	$678K	$1.4M	5x
ApeX Omni LITUSDT	+0.0100%	1h	4.7860	+0.140%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7801	+0.017%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7752	−0.086%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7765	−0.059%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7848	+0.115%	$191K	$329K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7834	+0.086%	$3.7M	$13.8M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7750	−0.091%	$5.3M	$5.1M	25x	as long as short
Hyperliquid LIT	+0.0236%	1h	4.7863	+0.146%	$214.6M	$44.7M	5x	as long as short
BloFin LIT-USDT	+0.0266%	4h	4.7725	−0.142%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]short	L +0.0378% / S −0.0169%	1h	4.7797	+0.008%	$63K	—	50x