Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h −0.027%
Price spread now: Phoenix against Bulk−0.166%51s7-day average +0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$440.443% of the position
Funding, last 4 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+1.794%+$179 · spread now −0.166%, 7d avg +0.102%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phoenix is 0.268% cheaper against Bulk than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.102%). Swap the legs. The two prices were read 51 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 | Bulk LIT-USD | 4.6805 | 0.0089 | pay 0.0011% / 1h | 44m 19s | $117K | $2K | 10x |
| Short | Phoenix LIT | 4.6728 | −0.0085 | pay 0.0011% / 1h | 44m 19s | $201K | $341K | 5x |
Bulk LIT-USD
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bulk. 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
- −$36.56
- Price spread: −0.166% → +0.102%
- −$26.79
- Slippage, 4 orders
- −$30.28
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$107.63
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 19 min ago; Phoenix: live order book, 17 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 Bulk live order book, 19 min ago | 0.11 bp | 7.2 bp −$7 | 14.4 bp −$144 | 40.1 bp −$4,009 | doesn't fit |
| Sell Phoenix live order book, 17 min ago | 1.91 bp | 16.1 bp −$16 | 50.2 bp −$502 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0396% | 4h | 4.6783 | −0.048% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0340% | 1h | 4.6816 | +0.023% | $84K | $67K | 20x | as long as short |
| 01 Exchange LITUSD | −0.0296% | 1h | 4.6796 | −0.020% | $33K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0177% | 1h | 4.6851 | +0.096% | $41K | $40K | 10x | as long as short |
| ApeX Omni LITUSDT | −0.0160% | 1h | 4.6710 | −0.204% | $56K | $77K | 50x | as long as short |
| Gate LIT_USDT | −0.0094% | 4h | 4.6830 | +0.052% | $2.7M | $4.2M | 50x | as long as short |
| Phoenix LITshort | −0.0085% | 1h | 4.6728 | −0.166% | $201K | $341K | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −0.012% | $657K | $372K | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0020% | 4h | 4.6843 | +0.080% | $25.3M | $61.6M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0018% | 4h | 4.6789 | −0.035% | $5.2M | $1.1M | 30x | as long as short |
Orderly PERP_LIT_USDC
Bullet LIT-USD
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
ApeX Omni LITUSDT
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
OKX LIT-USDT-SWAP
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0016% | 4h | 4.6690 | −0.247% | $905K | $1.7M | 10x | as long as short |
| Phemex LITUSDT | −0.0006% | 4h | 4.6780 | −0.054% | $1.4M | $2.8M | 20x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6868 | +0.134% | $11K | — | 150x | as long as short |
| Backpack LIT_USDC_PERP | +0.0011% | 1h | 4.6859 | +0.114% | $679K | $1.4M | 5x | as long as short |
| dYdX LIT-USD | +0.0016% | 1h | 4.6811 | +0.012% | $34K | — | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.638% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0064% | 8h | 4.6780 | −0.055% | $7K | $2K | 5x | as long as short |
| Bulk LIT-USDlong | +0.0089% | 1h | 4.6805 | long leg | $117K | $2K | 10x | |
| Lighter LIT | +0.0096% | 1h | 4.6873 | +0.144% | $58.5M | $28.6M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6829 | +0.050% | $781K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6790 | −0.033% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6876 | +0.150% | $209.4M | $41.2M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6831 | +0.056% | $581K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6809 | +0.007% | $74.4M | $78.6M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6820 | +0.031% | $41.5M | $28.6M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6800 | −0.012% | $117K | $446K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6803 | −0.005% | $5.4M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6850 | +0.095% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6665 | −0.301% | $284K | $306K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6823 | +0.037% | $443K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6870 | +0.139% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6808 | +0.005% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6835 | +0.063% | $1K | $416K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6874 | +0.146% | $194K | $379K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6823 | +0.037% | $5.1M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6822 | +0.036% | $146K | — | 3x | as long as short |
| Lighter RH LIT | +0.0128% | 1h | 4.6899 | +0.200% | $3.7M | $13.1M | 5x | as long as short |
| Aster LITUSDT | +0.0169% | 4h | 4.6874 | +0.146% | $12.6M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0260% | 1h | 4.6804 | −0.003% | $9K | $210K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6784 | −0.046% | $1.6M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0409% / S −0.0206% | 1h | 4.6861 | +0.119% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6831 | +0.055% | $31K | $828K | 33x | as long as short |
GRVT LIT_USDT_Perp
Phemex LITUSDT
gTrade (Gains Network) LIT/USD
Backpack LIT_USDC_PERP
dYdX LIT-USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
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