Funding you earn now, next payment 04:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h +0.005%
Price spread now: Injective against Backpack+2.797%7-day average −9.701% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−18.094%−$1,809 · spread now +2.797%, 7d avg −9.701%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Injective is 12.498% dearer against Backpack than usual: you sell high and buy low: +$1,250 more if the spread goes back to its 7-day average of −9.701%. Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LIT_USDC_PERP | 4.6733 | −0.0253 | get 0.0032% / 1h | 48m 45s | $662K | $1.4M | 5x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 48m 45s | $422 | $178K | 5.5x |
Backpack LIT_USDC_PERP
Injective LIT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Backpack. 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
- $60.09
- Price spread: +2.797% → −9.701%
- $1,249.81
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,299.88
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, just now; Injective: 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, just now | 0.43 bp | 6.7 bp −$7 | 18.0 bp −$180 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0512% | 1h | 4.6604 | −0.276% | $32K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0391% | 4h | 4.6641 | −0.197% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0279% | 1h | 4.6696 | −0.079% | $84K | $68K | 20x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0253% | 1h | 4.6733 | long leg | $662K | $1.4M | 5x | |
| Deribit LIT_USDC-PERPETUAL | −0.0221% | 1h | 4.6714 | −0.042% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0204% | 4h | 4.6740 | +0.015% | $2.7M | $4.2M | 50x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | +0.245% | $612K | $404K | 50x | as long as short |
| Phemex LITUSDT | −0.0134% | 4h | 4.6680 | −0.113% | $1.3M | $2.8M | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0038% | 1h | 4.6740 | +0.015% | $56K | $76K | 50x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.6719 | −0.030% | $201K | $305K | 5x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
ApeX Omni LITUSDT
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0022% | 4h | 4.6672 | −0.131% | $41.2M | $28.6M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0020% | 4h | 4.6783 | +0.107% | $5.2M | $1.0M | 30x | as long as short |
| OKX LIT-USDT-SWAP | 0.0000% | 4h | 4.6681 | −0.111% | $25.1M | $61.2M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6722 | −0.024% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6732 | −0.001% | $11K | — | 150x | as long as short |
| Polymarket Perps LIT-USD | +0.0021% | 1h | 4.6684 | −0.105% | $436K | $109K | 10x | as long as short |
| Extended LIT-USD | +0.0032% | 1h | 4.6712 | −0.045% | $5.1M | $5.0M | 25x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +2.797% | $422 | $178K | 5.5x | |
| Nado LIT-PERP | +0.0040% | 1h | 4.6645 | −0.187% | $2.1M | $1.7M | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0060% | 8h | 4.6646 | −0.185% | $7K | $2K | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0072% | 4h | 4.6863 | +0.278% | $908K | $1.7M | 10x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6706 | −0.059% | $779K | $2.1M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6750 | +0.036% | $58.2M | $28.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6769 | +0.077% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6724 | −0.019% | $208.9M | $41.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6668 | −0.139% | $582K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6674 | −0.127% | $74.5M | $79.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6682 | −0.109% | $122K | $454K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6887 | +0.330% | $117K | $973 | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6702 | −0.066% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6720 | −0.028% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6866 | +0.285% | $286K | $303K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6732 | −0.002% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6698 | −0.075% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6705 | −0.060% | $1K | $390K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6716 | −0.036% | $197K | $388K | 30x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6682 | −0.109% | $146K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0163% | 1h | 4.6814 | +0.174% | $8K | $206K | 10x | as long as short |
| Aster LITUSDT | +0.0185% | 4h | 4.6734 | +0.002% | $12.5M | $2.0M | 50x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6690 | −0.092% | $31K | $794K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6686 | −0.101% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6726 | −0.014% | $62K | — | 50x | as long as short |
Bybit LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Polymarket Perps LIT-USD
Extended LIT-USD
Nado LIT-PERP
Paradex LIT-USD-PERP
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]