Funding you earn now, next payment 07:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.026%
Price spread now: Backpack against HTX+0.013%7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$770.769% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.013%, 7d avg −0.096%
=The price spread pays, funding is against you. Backpack is 0.108% dearer against HTX than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.096%): +$11 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.006% in total) that is about 4 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% 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 | HTX LIT-USDT | 4.7752 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $199K | $321K | 30x |
| Short | Backpack LIT_USDC_PERP | 4.7758 | −0.0091 | pay 0.0011% / 1h | 37m 32s | $673K | $1.1M | 5x |
HTX LIT-USDT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against HTX. 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
- −$40.1
- Price spread: +0.013% → −0.096%
- $10.82
- Slippage, 4 orders
- −$54.85
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$106.13
- Costs to cover
- 0.769%
- Break-even
- never at this rate
Slippage from HTX: live order book, 5 min ago; Backpack: live order book, 1 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 HTX live order book, 5 min ago | 7.11 bp | 25.2 bp −$25 | 242.5 bp −$2,425 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.52 bp | 6.5 bp −$6 | 18.5 bp −$185 | 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 | −0.0606% | 1h | 4.7712 | −0.084% | $42K | $40K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0440% | 1h | 4.7761 | +0.019% | $605K | $352K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0385% | 4h | 4.7658 | −0.197% | $33K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0280% | 1h | 4.7755 | +0.006% | $31K | $3K | 5x | as long as short |
| Bullet LIT-USD | −0.0247% | 1h | 4.7740 | −0.025% | $86K | $66K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0174% | 4h | 4.7781 | +0.061% | $25.6M | $61.2M | 50x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0091% | 1h | 4.7758 | +0.013% | $673K | $1.1M | 5x | |
| GRVT LIT_USDT_Perp | −0.0086% | 4h | 4.7647 | −0.219% | $880K | $2.0M | 10x | as long as short |
| ApeX Omni LITUSDT | −0.0035% | 1h | 4.7650 | −0.214% | $57K | $73K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7712 | −0.084% | $34K | — | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
ApeX Omni LITUSDT
dYdX LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7744 | −0.016% | $11K | — | 150x | as long as short |
| Phoenix LIT | +0.0033% | 1h | 4.7781 | +0.061% | $205K | $301K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.603% | $422 | $178K | 5.5x | as long as short |
| Bybit LITUSDT | +0.0075% | 4h | 4.7770 | +0.038% | $41.4M | $28.5M | 75x | as long as short |
| Phemex LITUSDT | +0.0077% | 4h | 4.7720 | −0.067% | $1.3M | $2.8M | 20x | as long as short |
| KuCoin LITUSDTM | +0.0080% | 4h | 4.7764 | +0.025% | $5.4M | $988K | 30x | as long as short |
| Paradex LIT-USD-PERP | +0.0091% | 8h | 4.7776 | +0.051% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7842 | +0.188% | $59.5M | $27.3M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7769 | +0.036% | $2.1M | $1.6M | 10x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7815 | +0.131% | $767K | $1.8M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7760 | +0.016% | $76.5M | $76.6M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7786 | +0.071% | $124K | $452K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7600 | −0.318% | $119K | $7K | 10x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7800 | +0.101% | $2.8M | $4.1M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7769 | +0.036% | $5.9M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7800 | +0.101% | $6.8M | $2.5M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7705 | −0.098% | $292K | $303K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7776 | +0.050% | $449K | $83K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7808 | +0.118% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7733 | −0.040% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7725 | −0.057% | $1K | $331K | 5x | as long as short |
| HTX LIT-USDTlong | +0.0100% | 4h | 4.7752 | long leg | $199K | $321K | 30x | |
| Extended LIT-USD | +0.0104% | 1h | 4.7758 | +0.012% | $5.1M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7719 | −0.069% | $149K | — | 3x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7800 | +0.101% | $32K | $677K | 33x | as long as short |
| RISEx LIT/USDC | +0.0148% | 1h | 4.7791 | +0.081% | $801K | $2.2M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0195% | 1h | 4.7735 | −0.035% | $9K | $209K | 10x | as long as short |
| Aster LITUSDT | +0.0220% | 4h | 4.7849 | +0.204% | $12.8M | $2.0M | 50x | as long as short |
| Hyperliquid LIT | +0.0301% | 1h | 4.7855 | +0.216% | $215.9M | $39.6M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7753 | +0.002% | $1.6M | $2.3M | 75x | as long as short |
| Lighter RH LIT | +0.0360% | 1h | 4.7866 | +0.239% | $3.7M | $13.1M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0425% / S −0.0217% | 1h | 4.7796 | +0.092% | $64K | — | 50x | as long as short |
gTrade (Gains Network) LIT/USD
Phoenix LIT
Injective LIT/USDC PERP
Bybit LITUSDT
Phemex LITUSDT
KuCoin LITUSDTM
Paradex LIT-USD-PERP
Lighter LIT
Nado LIT-PERP
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
Extended LIT-USD
Aevo LIT-PERP
Perpl LIT
RISEx LIT/USDC
Aftermath Perps LITUSD
Aster LITUSDT
Hyperliquid LIT
BloFin LIT-USDT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]