LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.068%

Price spread now: Backpack against Hyperliquid−0.121%7-day average +0.158% · you buy dearer than you sell

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

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days+0.270%+$27 · spread now −0.121%, 7d avg +0.158%

Together, before fees+0.101%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.280% cheaper against Hyperliquid than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.158%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7494	0.0210	pay 0.0026% / 1h	33m 39s	$212.9M	$44.9M	5x
Short	Backpack LIT_USDC_PERP	4.7436	0.0100	get 0.0013% / 1h	33m 39s	$673K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hyperliquid. 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 HyperliquidbpFee BackpackbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$23.19
Price spread: −0.121% → +0.158%: −$27.98
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$70.17
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Backpack: live order book, just now. 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 Hyperliquid live order book, 10 min ago	0.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, just now	0.10 bp	5.8 bp −$6	16.1 bp −$161	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	−0.0906%	4h	4.7420	−0.155%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0723%	1h	4.7424	−0.146%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0594%	4h	4.7388	−0.222%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7326	−0.353%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0429%	4h	4.7394	−0.210%	$25.7M	$63.7M	50x	as long as short
Phemex LITUSDT	−0.0382%	4h	4.7420	−0.155%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0336%	1h	4.7427	−0.141%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0216%	4h	4.7454	−0.083%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.242%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0114%	4h	4.7550	+0.119%	$904K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0073%	4h	4.7400	−0.197%	$42.7M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7501	+0.016%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7453	−0.085%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7454	−0.083%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7473	−0.043%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7415	−0.165%	$816K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0019%	8h	4.7366	−0.268%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.150%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0079%	4h	4.7460	−0.070%	$289K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0082%	4h	4.7386	−0.227%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0083%	4h	4.7380	−0.239%	$75.5M	$81.5M	75x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7419	−0.157%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7469	−0.052%	$59.7M	$29.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0097%	1h	4.7584	+0.190%	$13K	$203K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7445	−0.102%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7476	−0.037%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7437	−0.119%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7401	−0.195%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.298%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7410	−0.176%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7436	−0.121%	$673K	$1.4M	5x
ApeX Omni LITUSDT	+0.0100%	1h	4.7530	+0.077%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7445	−0.102%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7463	−0.064%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7436	−0.121%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7435	−0.123%	$993	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7569	+0.159%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7382	−0.236%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7487	−0.014%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LITlong	+0.0210%	1h	4.7494	long leg	$212.9M	$44.9M	5x
BloFin LIT-USDT	+0.0322%	4h	4.7429	−0.136%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7464	−0.063%	$62K	—	50x	as long as short