Funding you earn now, next payment 00:00 UTC−0.0350%/8h= −38.3% APRnext payment −$1.75 per $10,000 · paid last 24h +0.004%
Price spread now: Phemex against Bybit+0.055%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$870.870% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.055%, 7d avg −0.028%
=The price spread pays, funding is against you. Phemex is 0.083% dearer against Bybit than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.028%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.061% in total) that is about 9.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 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 | Bybit LITUSDT | 4.7244 | 0.0048 | pay 0.0024% / 4h | 2m 53s | $42.6M | $30.3M | 75x |
| Short | Phemex LITUSDT | 4.7270 | −0.0301 | pay 0.0151% / 4h | 2m 53s | $1.4M | $2.7M | 20x |
Bybit LITUSDT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- −$73.47
- Price spread: +0.055% → −0.028%
- $8.3
- Slippage, 4 orders
- −$64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$152.17
- Costs to cover
- 0.870%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; Phemex: live order book, 6 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 Bybit live order book, 6 min ago | 1.06 bp | 16.4 bp −$16 | 60.5 bp −$605 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 4.23 bp | 26.0 bp −$26 | doesn't fit | 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 | −0.1068% | 1h | 4.7290 | +0.098% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0812% | 4h | 4.7300 | +0.119% | $2.8M | $4.6M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0576% | 1h | 4.7269 | +0.053% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0537% | 4h | 4.7252 | +0.017% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0381% | 1h | 4.7295 | +0.107% | $85K | $77K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0330% | 4h | 4.7257 | +0.028% | $25.7M | $64.0M | 50x | as long as short |
| Phemex LITUSDTshort | −0.0301% | 4h | 4.7270 | +0.055% | $1.4M | $2.7M | 20x | |
| KuCoin LITUSDTM | −0.0154% | 4h | 4.7343 | +0.210% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.771% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0078% | 4h | 4.7310 | +0.140% | $906K | $1.8M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0050% | 1h | 4.7386 | +0.301% | $205K | $353K | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7367 | +0.260% | $31K | $853K | 33x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7403 | +0.337% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7358 | +0.241% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7385 | +0.298% | $800K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.685% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0034% | 8h | 4.7325 | +0.172% | $7K | $2K | 5x | as long as short |
| Bybit LITUSDTlong | +0.0048% | 4h | 4.7244 | long leg | $42.6M | $30.3M | 75x | |
| Backpack LIT_USDC_PERP | +0.0074% | 1h | 4.7302 | +0.123% | $681K | $1.4M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7326 | +0.174% | $59.1M | $30.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7355 | +0.235% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7328 | +0.178% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7376 | +0.279% | $589K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7217 | −0.057% | $75.3M | $82.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7375 | +0.277% | $117K | $459K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7291 | +0.099% | $118K | $2K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7223 | −0.044% | $5.6M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7260 | +0.034% | $6.7M | $2.8M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7325 | +0.171% | $288K | $310K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7300 | +0.119% | $55K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7362 | +0.250% | $447K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7342 | +0.207% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7322 | +0.165% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7288 | +0.093% | $1K | $470K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7391 | +0.311% | $189K | $346K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7231 | −0.027% | $5.2M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7314 | +0.149% | $148K | $44K | 3x | as long as short |
| Lighter RH LIT | +0.0168% | 1h | 4.7357 | +0.239% | $3.7M | $14.0M | 5x | as long as short |
| Hyperliquid LIT | +0.0187% | 1h | 4.7351 | +0.226% | $212.3M | $45.0M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0193% | 1h | 4.7370 | +0.267% | $13K | $203K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7250 | +0.013% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0380% / S −0.0172% | 1h | 4.7338 | +0.199% | $63K | — | 50x | as long as short |
Phoenix LIT
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Backpack LIT_USDC_PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
ApeX Omni LITUSDT
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
Hyperliquid LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]