LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0353%/8h= −38.7% APRnext payment −$0.44 per $10,000 · paid last 24h −0.118%

Price spread now: Backpack against GMX+0.043%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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 pays, funding is against you. Backpack is 0.043% dearer against GMX than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LIT/USD [ETH-USDC]	4.7412	L +0.0404% / S −0.0197%	pay 0.0051% / 1h	25m 43s	$63K	—	50x
Short	Backpack LIT_USDC_PERP	4.7433	0.0051	get 0.0006% / 1h	25m 43s	$685K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$74.19
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$91.85
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.63 bp	6.4 bp −$6	15.8 bp −$158	doesn't fit	doesn't fit

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 41 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	−0.0659%	1h	4.7373	−0.082%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7313	−0.210%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7314	−0.208%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0461%	1h	4.7382	−0.065%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.469%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.636%	$906K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7367	−0.096%	$25.7M	$63.9M	50x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7331	−0.172%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0124%	4h	4.7370	−0.089%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7401	−0.024%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0086%	4h	4.7380	−0.068%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	−0.008%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.239%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7372	−0.085%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7428	+0.032%	$475	—	150x	as long as short
Bybit LITUSDT	+0.0014%	4h	4.7340	−0.153%	$42.4M	$29.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7333	−0.166%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.324%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERPshort	+0.0051%	1h	4.7433	+0.043%	$685K	$1.4M	5x
SoDEX LIT-USD	+0.0062%	1h	4.7395	−0.037%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7389	−0.050%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7393	−0.041%	$59.3M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7423	+0.022%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7405	−0.016%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7388	−0.052%	$212.1M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7419	+0.014%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7367	−0.096%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7325	−0.184%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7363	−0.104%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7322	−0.191%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−0.047%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.570%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7415	+0.005%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7417	+0.010%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7431	+0.039%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.412%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7337	−0.159%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7379	−0.070%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.7219	−0.408%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]long	L +0.0404% / S −0.0197%	1h	4.7412	long leg	$63K	—	50x
Perpl LIT	+0.0447%	43m	4.7446	+0.071%	$31K	$860K	33x	as long as short