LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.012%

Price spread now: Backpack against RISEx+0.010%7-day average +0.233% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.094%−$9 on $10k

Price spread, last 7 days−2.974%−$297 · spread now +0.010%, 7d avg +0.233%

Together, before fees−3.069%−$307 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Backpack is 0.223% cheaper against RISEx than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.233%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx LIT/USDC	4.8227	0.0118	pay 0.0015% / 1h	47m 43s	$803K	$2.3M	5x
Short	Backpack LIT_USDC_PERP	4.8232	0.0100	get 0.0013% / 1h	47m 43s	$688K	$988K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against RISEx. 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 RISExbpFee BackpackbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$3.88
Price spread: +0.010% → +0.233%: −$22.28
Slippage, 4 orders: −$4.65
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$46.82
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Backpack: live order book, 16 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 RISEx live order book, 1 min ago	1.25 bp	4.4 bp −$4	21.0 bp −$210	doesn't fit	doesn't fit
Sell Backpack live order book, 16 min ago	0.10 bp	5.6 bp −$6	14.7 bp −$147	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	−0.0391%	1h	4.8210	−0.034%	$42K	$39K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0367%	4h	4.8150	−0.160%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.8159	−0.141%	$31K	$3K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.8240	+0.027%	$611K	$351K	50x	as long as short
Bullet LIT-USD	−0.0290%	1h	4.8213	−0.029%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.8211	−0.033%	$26.1M	$59.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0056%	4h	4.8090	−0.284%	$896K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8242	+0.031%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8259	+0.067%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8132	−0.197%	$207K	$288K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.388%	$422	$178K	5.5x	as long as short
Lighter LIT	+0.0096%	1h	4.8278	+0.106%	$60.1M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8290	+0.131%	$3.7M	$12.2M	5x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.8193	−0.070%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8185	−0.087%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8321	+0.195%	$218.3M	$38.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8240	+0.027%	$686K	$1.9M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8222	−0.011%	$77.5M	$73.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8250	+0.048%	$41.9M	$27.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8237	+0.021%	$128K	$443K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8200	−0.056%	$122K	$2K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8260	+0.068%	$2.8M	$4.0M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8229	+0.004%	$6.3M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8262	+0.073%	$5.5M	$926K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8250	+0.048%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.8232	+0.010%	$688K	$988K	5x
edgeX LITUSDC	+0.0100%	4h	4.8068	−0.330%	$294K	$302K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8080	−0.305%	$57K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8235	+0.017%	$449K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8317	+0.186%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8122	−0.218%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8205	−0.046%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8223	−0.008%	$194K	$313K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8190	−0.077%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8201	−0.054%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8199	−0.057%	$151K	—	3x	as long as short
RISEx LIT/USDClong	+0.0118%	1h	4.8227	long leg	$803K	$2.3M	5x
Aster LITUSDT	+0.0316%	4h	4.8301	+0.153%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8235	+0.016%	$32K	$634K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8317	+0.187%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8245	+0.038%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0467%	1h	4.8226	−0.002%	$9K	$202K	10x	as long as short