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: Backpack against Deribit+0.055%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Backpack

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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Backpack is 0.055% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7674	−0.0858	get 0.0107% / 1h	10m 52s	$42K	$40K	10x
Short	Backpack LIT_USDC_PERP	4.7700	0.0100	get 0.0013% / 1h	10m 52s	$691K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now +0.055%Rate

Funding earned: $201.26
Price spread: +0.055% → 0.000%: $5.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $189.76
Costs to cover: 0.170%
Break-even: 0.4 days

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 3 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	1.05 bp	7.4 bp −$7	17.3 bp −$173	doesn't fit	doesn't fit

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-PERPETUALlong	−0.0858%	1h	4.7674	long leg	$42K	$40K	10x
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7607	−0.140%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7623	−0.107%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0363%	1h	4.7648	−0.054%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0199%	4h	4.7754	+0.168%	$25.9M	$63.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	+0.139%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7664	−0.021%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.228%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.036%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	+0.080%	$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	+0.045%	$32K	$852K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7682	+0.017%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7720	+0.097%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.768%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0047%	8h	4.7654	−0.041%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0070%	1h	4.7625	−0.102%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0084%	1h	4.7655	−0.039%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7744	+0.147%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7747	+0.153%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7675	+0.003%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7706	+0.068%	$76.2M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7720	+0.097%	$43.0M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7673	−0.002%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.415%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7680	+0.013%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7683	+0.019%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.202%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7700	+0.055%	$691K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.018%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7717	+0.091%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7664	−0.021%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7680	+0.013%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7699	+0.053%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7660	−0.029%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7665	−0.019%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7663	−0.023%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7702	+0.058%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7758	+0.177%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0337%	1h	4.7842	+0.353%	$214.8M	$43.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7658	−0.033%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0367%	1h	4.7670	−0.007%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0189%	1h	4.7695	+0.044%	$64K	—	50x	as long as short