Funding you earn now, next payment 04:00 UTC−0.0364%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.016%
Price spread now: Backpack against SoDEX+0.109%7-day average +0.067% · 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−$50as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 3 days (all we have)−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.109%, 7d avg +0.067%
=The price spread pays, funding is against you. Backpack is 0.042% dearer against SoDEX than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.067%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.011% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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 | SoDEX LIT-USD | 4.6645 | 0.0100 | pay 0.0013% / 1h | 40m 56s | $1K | $390K | 5x |
| Short | Backpack LIT_USDC_PERP | 4.6696 | −0.0264 | pay 0.0033% / 1h | 40m 56s | $659K | $1.4M | 5x |
SoDEX LIT-USD
Backpack LIT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. 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
- −$76.34
- Price spread: +0.109% → +0.067%
- $4.21
- Slippage, 4 orders
- −$35.95
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$126.08
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 18 min ago; Backpack: live order book, 3 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 SoDEX live order book, 18 min ago | 0.54 bp | 20.1 bp −$20 | 51.1 bp −$511 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.75 bp | 7.0 bp −$7 | 16.8 bp −$168 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0512% | 1h | 4.6570 | −0.161% | $32K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0393% | 4h | 4.6582 | −0.135% | $32K | $1K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0283% | 1h | 4.6651 | +0.013% | $41K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERPshort | −0.0264% | 1h | 4.6696 | +0.109% | $659K | $1.4M | 5x | |
| Bullet LIT-USD | −0.0253% | 1h | 4.6626 | −0.041% | $83K | $68K | 20x | as long as short |
| Gate LIT_USDT | −0.0242% | 4h | 4.6700 | +0.118% | $2.7M | $4.3M | 50x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | +0.434% | $612K | $404K | 50x | as long as short |
| Phemex LITUSDT | −0.0133% | 4h | 4.6640 | −0.011% | $1.3M | $2.8M | 20x | as long as short |
| Extended LIT-USD | −0.0064% | 1h | 4.6718 | +0.156% | $5.1M | $5.0M | 25x | as long as short |
| Nado LIT-PERP | −0.0045% | 1h | 4.6615 | −0.064% | $2.1M | $1.7M | 10x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
Extended LIT-USD
Nado LIT-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0034% | 1h | 4.6711 | +0.141% | $201K | $305K | 5x | as long as short |
| Bybit LITUSDT | −0.0029% | 4h | 4.6730 | +0.182% | $41.2M | $28.7M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0020% | 4h | 4.6670 | +0.054% | $5.2M | $1.0M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0001% | 4h | 4.6744 | +0.212% | $25.1M | $61.3M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6661 | +0.035% | $33K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6675 | +0.064% | $11K | — | 150x | as long as short |
| ApeX Omni LITUSDT | +0.0026% | 1h | 4.6660 | +0.032% | $56K | $76K | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.991% | $422 | $178K | 5.5x | as long as short |
| Polymarket Perps LIT-USD | +0.0064% | 1h | 4.6634 | −0.024% | $436K | $109K | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0065% | 8h | 4.6599 | −0.099% | $6K | $2K | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0072% | 4h | 4.6672 | +0.057% | $904K | $1.8M | 10x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6648 | +0.007% | $778K | $2.1M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6721 | +0.163% | $58.2M | $28.6M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6737 | +0.197% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6722 | +0.165% | $209.0M | $42.1M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6636 | −0.019% | $582K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6711 | +0.141% | $74.6M | $79.4M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6712 | +0.144% | $121K | $455K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6645 | 0.000% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6740 | +0.204% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6641 | −0.008% | $285K | $304K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6670 | +0.053% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6656 | +0.024% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USDlong | +0.0100% | 1h | 4.6645 | long leg | $1K | $390K | 5x | |
| HTX LIT-USDT | +0.0100% | 4h | 4.6660 | +0.032% | $197K | $388K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6625 | −0.042% | $116K | $1K | 10x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6648 | +0.006% | $146K | — | 3x | as long as short |
| Aster LITUSDT | +0.0182% | 4h | 4.6696 | +0.109% | $12.5M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0230% | 1h | 4.6704 | +0.127% | $8K | $206K | 10x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6668 | +0.049% | $31K | $791K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6649 | +0.009% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6662 | +0.037% | $62K | — | 50x | as long as short |
Phoenix LIT
Bybit LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
ApeX Omni LITUSDT
Injective LIT/USDC PERP
Polymarket Perps LIT-USD
Paradex LIT-USD-PERP
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Bulk LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Aftermath Perps LITUSD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]