Funding you earn now, next payment 00:00 UTC−0.0542%/8h= −59.4% APRpaid last 24h −0.061%
Price spread now: OKX against Backpack−0.075%7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 7 days−0.218%−$22 · spread now −0.075%, 7d avg −0.258%
=The price spread pays, funding is against you. OKX is 0.183% dearer against Backpack than usual: you sell high and buy low (spread −0.075% now, against its 7-day average of −0.258%): +$18 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.266% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.9% a year). A funding rate is set anew for every payment. 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 | 4.7775 | 0.0100 | pay 0.0013% / 1h | 49m 02s | $678K | $1.4M | 5x |
| Short | OKX LIT-USDT-SWAP | 4.7739 | −0.0442 | pay 0.0221% / 4h | 49m 02s | $25.9M | $64.1M | 50x |
Backpack LIT_USDC_PERP
OKX LIT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$113.9
- Price spread: −0.075% → −0.258%
- $18.27
- Slippage, 4 orders
- −$13.11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$128.73
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; OKX: live order book, 5 min ago.
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, 5 min ago | 1.15 bp | 7.1 bp −$7 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.10 bp | 8.3 bp −$8 | 25.8 bp −$258 | doesn't fit | doesn't fit |
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 | −0.0958% | 4h | 4.7780 | +0.010% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0631% | 1h | 4.7757 | −0.039% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0610% | 4h | 4.7710 | −0.136% | $33K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0496% | 1h | 4.7711 | −0.134% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0464% | 4h | 4.7770 | −0.010% | $1.4M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAPshort | −0.0442% | 4h | 4.7739 | −0.075% | $25.9M | $64.1M | 50x | |
| Bullet LIT-USD | −0.0281% | 1h | 4.7767 | −0.016% | $86K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0238% | 4h | 4.7804 | +0.061% | $5.3M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0172% | 4h | 4.7741 | −0.071% | $43.0M | $30.0M | 75x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7920 | +0.303% | $678K | $405K | 50x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
Bullet LIT-USD
KuCoin LITUSDTM
Bybit LITUSDT
Coinbase International LIT-PERP-INTXShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0118% | 4h | 4.7751 | −0.049% | $908K | $1.8M | 10x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7795 | +0.042% | $208K | $353K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7823 | +0.101% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7748 | −0.057% | $32K | $841K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7814 | +0.081% | $35K | — | 150x | as long as short |
| Aftermath Perps LITUSD | +0.0006% | 1h | 4.7812 | +0.077% | $13K | $204K | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0011% | 8h | 4.7719 | −0.118% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7797 | +0.045% | $822K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.555% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0067% | 4h | 4.7758 | −0.035% | $291K | $311K | 10x | as long as short |
| MEXC LIT_USDT | +0.0068% | 4h | 4.7740 | −0.073% | $5.6M | $4.1M | 100x | as long as short |
| Binance LITUSDT | +0.0071% | 4h | 4.7723 | −0.108% | $76.0M | $81.3M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7737 | −0.080% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7799 | +0.050% | $60.2M | $29.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7755 | −0.041% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7814 | +0.082% | $12.8M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7789 | +0.029% | $604K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7765 | −0.021% | $120K | $453K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7741 | −0.071% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7790 | +0.031% | $6.8M | $2.8M | 20x | as long as short |
| Backpack LIT_USDC_PERPlong | +0.0100% | 1h | 4.7775 | long leg | $678K | $1.4M | 5x | |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7780 | +0.010% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7778 | +0.006% | $451K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7791 | +0.033% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7739 | −0.075% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7740 | −0.073% | $1K | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7846 | +0.149% | $191K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7731 | −0.091% | $5.3M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0136% | 1h | 4.7820 | +0.094% | $3.7M | $13.8M | 5x | as long as short |
| Hyperliquid LIT | +0.0217% | 1h | 4.7815 | +0.084% | $214.3M | $44.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0285% | 4h | 4.7753 | −0.046% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0378% / S −0.0169% | 1h | 4.7809 | +0.071% | $63K | — | 50x | as long as short |
GRVT LIT_USDT_Perp
Phoenix LIT
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Aftermath Perps LITUSD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
Hyperliquid LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]