Funding you earn now, next payment 03:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Backpack against Injective−2.550%72s7-day average +9.856% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+17.791%+$1,779 · spread now −2.550%, 7d avg +9.856%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 12.406% cheaper against Injective than usual: you would sell low and buy high, −$1,241 on $10k if it goes back to its 7-day average of +9.856%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective LIT/USDC PERP | 4.8040 | 0.0033 | pay 0.0004% / 1h | 40m 05s | $422 | $178K | 5.5x |
| Short | Backpack LIT_USDC_PERP | 4.6815 | 0.0036 | get 0.0005% / 1h | 40m 05s | $682K | $1.4M | 5x |
Injective LIT/USDC PERP
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $0.58
- Price spread: −2.550% → +9.856%
- −$1,240.61
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1,250.05
- Costs to cover
- 0.100%
- Break-even
- 15192.2 days
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 4 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 0.11 bp | 5.2 bp −$5 | 13.8 bp −$138 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0393% | 4h | 4.6719 | −2.750% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0311% | 1h | 4.6737 | −2.713% | $84K | $68K | 20x | as long as short |
| 01 Exchange LITUSD | −0.0264% | 1h | 4.6764 | −2.656% | $33K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0173% | 1h | 4.6774 | −2.634% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0134% | 4h | 4.6810 | −2.560% | $2.7M | $4.2M | 50x | as long as short |
| Phoenix LIT | −0.0085% | 1h | 4.6842 | −2.494% | $201K | $341K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6865 | −2.445% | $658K | $372K | 50x | as long as short |
| KuCoin LITUSDTM | −0.0010% | 4h | 4.6793 | −2.596% | $5.2M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0008% | 4h | 4.6810 | −2.560% | $25.3M | $61.6M | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6807 | −2.567% | $11K | — | 150x | as long as short |
Orderly PERP_LIT_USDC
Bullet LIT-USD
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Phoenix LIT
Coinbase International LIT-PERP-INTX
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | +0.0010% | 4h | 4.6830 | −2.519% | $909K | $1.7M | 10x | as long as short |
| dYdX LIT-USD | +0.0013% | 1h | 4.6791 | −2.600% | $34K | — | 5x | as long as short |
| Phemex LITUSDT | +0.0016% | 4h | 4.6790 | −2.602% | $1.4M | $2.8M | 20x | as long as short |
| Injective LIT/USDC PERPlong | +0.0033% | 1h | 4.8040 | long leg | $422 | $178K | 5.5x | |
| Backpack LIT_USDC_PERPshort | +0.0036% | 1h | 4.6815 | −2.550% | $682K | $1.4M | 5x | |
| ApeX Omni LITUSDT | +0.0057% | 1h | 4.6800 | −2.581% | $56K | $77K | 50x | as long as short |
| Paradex LIT-USD-PERP | +0.0067% | 8h | 4.6764 | −2.655% | $7K | $2K | 5x | as long as short |
| Bulk LIT-USD | +0.0089% | 1h | 4.6805 | −2.570% | $117K | $2K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6848 | −2.481% | $58.5M | $28.6M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6808 | −2.565% | $780K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6780 | −2.623% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6862 | −2.452% | $209.3M | $41.2M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6787 | −2.608% | $580K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6786 | −2.610% | $74.3M | $78.6M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6785 | −2.612% | $41.5M | $28.5M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6785 | −2.612% | $117K | $447K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6789 | −2.604% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6810 | −2.560% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6793 | −2.597% | $285K | $303K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6788 | −2.606% | $442K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6806 | −2.568% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6749 | −2.687% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6783 | −2.617% | $1K | $416K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6822 | −2.535% | $194K | $379K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6746 | −2.693% | $5.1M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6761 | −2.662% | $146K | — | 3x | as long as short |
| Lighter RH LIT | +0.0152% | 1h | 4.6855 | −2.467% | $3.7M | $13.1M | 5x | as long as short |
| Aster LITUSDT | +0.0180% | 4h | 4.6847 | −2.483% | $12.5M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0252% | 1h | 4.6803 | −2.574% | $9K | $210K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6753 | −2.679% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0410% / S −0.0207% | 1h | 4.6765 | −2.654% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6795 | −2.592% | $31K | $828K | 33x | as long as short |
GRVT LIT_USDT_Perp
dYdX LIT-USD
Phemex LITUSDT
ApeX Omni LITUSDT
Paradex LIT-USD-PERP
Bulk LIT-USD
Lighter LIT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aster LITUSDT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT