Funding you earn now, next payment 22:00 UTC−0.0739%/8h= −80.9% APRnext payment −$0.92 per $10,000 · paid last 24h −0.004%
Price spread now: Backpack against Pacifica−0.116%7-day average +0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days−0.243%−$24 · spread now −0.116%, 7d avg +0.214%
=Together, before fees−0.159%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Backpack is 0.330% cheaper against Pacifica than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.214%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 per $10,000. 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 | Pacifica LIT | 4.7339 | 0.0100 | pay 0.0013% / 1h | 43m 23s | $594K | $1.8M | 10x |
| Short | Backpack LIT_USDC_PERP | 4.7284 | −0.0639 | pay 0.0080% / 1h | 43m 23s | $664K | $1.5M | 5x |
Pacifica LIT
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- −$155.11
- Price spread: −0.116% → +0.214%
- −$33
- Slippage, 4 orders
- −$12.3
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$218.41
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 1 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 Pacifica live order book, 1 min ago | 3.80 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.53 bp | 6.3 bp −$6 | 17.9 bp −$179 | 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 | −0.1031% | 1h | 4.7392 | +0.112% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0656% | 1h | 4.7353 | +0.030% | $33K | $4K | 5x | as long as short |
| Gate LIT_USDT | −0.0642% | 4h | 4.7340 | +0.002% | $2.8M | $4.5M | 50x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0639% | 1h | 4.7284 | −0.116% | $664K | $1.5M | 5x | |
| Orderly PERP_LIT_USDC | −0.0579% | 4h | 4.7305 | −0.072% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0401% | 4h | 4.7230 | −0.230% | $1.3M | $2.7M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0326% | 4h | 4.7310 | −0.061% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0306% | 4h | 4.7369 | +0.063% | $25.0M | $61.0M | 50x | as long as short |
| Bullet LIT-USD | −0.0294% | 1h | 4.7346 | +0.015% | $85K | $81K | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0294% | 4h | 4.7170 | −0.357% | $888K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Gate LIT_USDT
Orderly PERP_LIT_USDC
Phemex LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
Bullet LIT-USD
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0270% | 4h | 4.7380 | +0.087% | $42.8M | $30.5M | 75x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7349 | +0.020% | $653K | $399K | 50x | as long as short |
| Nado LIT-PERP | −0.0099% | 1h | 4.7340 | +0.002% | $2.1M | $1.7M | 10x | as long as short |
| Extended LIT-USD | −0.0056% | 1h | 4.7317 | −0.046% | $5.2M | $5.1M | 25x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7209 | −0.275% | $244K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0047% | 1h | 4.7225 | −0.241% | $979 | $484K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0028% | 8h | 4.7286 | −0.112% | $5K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7328 | −0.023% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7399 | +0.126% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7364 | +0.054% | $815K | $2.0M | 5x | as long as short |
| MEXC LIT_USDT | +0.0030% | 4h | 4.7304 | −0.074% | $5.8M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0030% | 4h | 4.7344 | +0.011% | $74.8M | $80.9M | 75x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.481% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0037% | 4h | 4.7163 | −0.372% | $287K | $312K | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7367 | +0.059% | $148K | $44K | 3x | as long as short |
| Bulk LIT-USD | +0.0077% | 1h | 4.7397 | +0.123% | $119K | $7K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0087% | 1h | 4.7360 | +0.044% | $447K | $105K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7375 | +0.076% | $59.4M | $29.9M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7393 | +0.113% | $210.6M | $44.7M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7376 | +0.079% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LITlong | +0.0100% | 1h | 4.7339 | long leg | $594K | $1.8M | 10x | |
| Arcus LIT-USD | +0.0100% | 1h | 4.7313 | −0.055% | $117K | $445K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7400 | +0.129% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7220 | −0.251% | $55K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7411 | +0.153% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7236 | −0.218% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7233 | −0.224% | $188K | $327K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7382 | +0.091% | $31K | $845K | 33x | as long as short |
| BloFin LIT-USDT | +0.0131% | 4h | 4.7166 | −0.365% | $1.5M | $2.0M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0178% | 1h | 4.7346 | +0.015% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0376% | 1h | 4.7389 | +0.106% | $3.7M | $14.1M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7396 | +0.121% | $59K | — | 50x | as long as short |
Bybit LITUSDT
Coinbase International LIT-PERP-INTX
Nado LIT-PERP
Extended LIT-USD
Phoenix LIT
SoDEX LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
MEXC LIT_USDT
Binance LITUSDT
Injective LIT/USDC PERP
edgeX LITUSDC
Aevo LIT-PERP
Bulk LIT-USD
Polymarket Perps LIT-USD
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
BloFin LIT-USDT
Aftermath Perps LITUSD
Lighter RH LIT
GMX LIT/USD [ETH-USDC]