Funding you earn now, next payment 22:00 UTC−0.0726%/8h= −79.5% APRpaid last 24h −0.013%
Price spread now: Backpack against Bitget−0.023%7-day average +0.177% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 7 days−0.533%−$53 · spread now −0.023%, 7d avg +0.177%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Backpack is 0.200% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.177%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% 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 | Bitget LITUSDT | 4.7410 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $6.7M | $2.7M | 20x |
| Short | Backpack LIT_USDC_PERP | 4.7399 | −0.0626 | pay 0.0078% / 1h | 48m 43s | $666K | $1.5M | 5x |
Bitget LITUSDT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- −$152.47
- Price spread: −0.023% → +0.177%
- −$20.04
- Slippage, 4 orders
- −$35.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$229.65
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Backpack: live order book, just now.
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 Bitget live order book, 5 min ago | 3.16 bp | 22.5 bp −$23 | 101.6 bp −$1,016 | doesn't fit | doesn't fit |
| Sell Backpack live order book, just now | 0.32 bp | 5.7 bp −$6 | 15.1 bp −$151 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0908% | 1h | 4.7370 | −0.085% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0672% | 1h | 4.7355 | −0.116% | $33K | $4K | 5x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0626% | 1h | 4.7399 | −0.023% | $666K | $1.5M | 5x | |
| Orderly PERP_LIT_USDC | −0.0573% | 4h | 4.7326 | −0.177% | $32K | $2K | 10x | as long as short |
| Gate LIT_USDT | −0.0504% | 4h | 4.7380 | −0.063% | $2.8M | $4.5M | 50x | as long as short |
| Phemex LITUSDT | −0.0461% | 4h | 4.7340 | −0.148% | $1.3M | $2.7M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0328% | 4h | 4.7418 | +0.017% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0301% | 4h | 4.7272 | −0.291% | $25.1M | $60.6M | 50x | as long as short |
| Bullet LIT-USD | −0.0274% | 1h | 4.7373 | −0.078% | $85K | $81K | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0268% | 4h | 4.7401 | −0.018% | $898K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Gate LIT_USDT
Phemex LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
Bullet LIT-USD
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0229% | 4h | 4.7300 | −0.232% | $42.7M | $30.3M | 75x | as long as short |
| Nado LIT-PERP | −0.0193% | 1h | 4.7395 | −0.032% | $2.1M | $1.7M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +2.198% | $668K | $408K | 50x | as long as short |
| Extended LIT-USD | −0.0088% | 1h | 4.7360 | −0.104% | $5.2M | $5.1M | 25x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7435 | +0.053% | $245K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0045% | 1h | 4.7365 | −0.095% | $981 | $476K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0015% | 8h | 4.7385 | −0.053% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7300 | −0.231% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7426 | +0.034% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7450 | +0.084% | $816K | $2.0M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.329% | $422 | $178K | 5.5x | as long as short |
| Binance LITUSDT | +0.0041% | 4h | 4.7265 | −0.306% | $74.7M | $80.7M | 75x | as long as short |
| MEXC LIT_USDT | +0.0050% | 4h | 4.7349 | −0.129% | $5.9M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0053% | 4h | 4.7455 | +0.096% | $289K | $311K | 10x | as long as short |
| Aevo LIT-PERP | +0.0056% | 1h | 4.7341 | −0.146% | $148K | $44K | 3x | as long as short |
| Bulk LIT-USD | +0.0077% | 1h | 4.7397 | −0.027% | $119K | $7K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0092% | 1h | 4.7444 | +0.072% | $448K | $104K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7455 | +0.095% | $59.6M | $29.6M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7422 | +0.025% | $210.7M | $44.4M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7412 | +0.004% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7335 | −0.157% | $594K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7427 | +0.036% | $118K | $444K | 5x | as long as short |
| Bitget LITUSDTlong | +0.0100% | 4h | 4.7410 | long leg | $6.7M | $2.7M | 20x | |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7450 | +0.084% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7407 | −0.006% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7446 | +0.076% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7443 | +0.070% | $189K | $330K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7455 | +0.095% | $31K | $844K | 33x | as long as short |
| BloFin LIT-USDT | +0.0170% | 4h | 4.7362 | −0.101% | $1.5M | $2.0M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0188% | 1h | 4.7521 | +0.234% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0320% | 1h | 4.7477 | +0.141% | $3.7M | $14.1M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7416 | +0.013% | $60K | — | 50x | as long as short |
Bybit LITUSDT
Nado LIT-PERP
Coinbase International LIT-PERP-INTX
Extended LIT-USD
Phoenix LIT
SoDEX LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
Binance LITUSDT
MEXC LIT_USDT
edgeX LITUSDC
Aevo LIT-PERP
Bulk LIT-USD
Polymarket Perps LIT-USD
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
BloFin LIT-USDT
Aftermath Perps LITUSD
Lighter RH LIT
GMX LIT/USD [ETH-USDC]