Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h +0.038%
Price spread now: Phoenix against Bybit−0.381%45s7-day average +0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.651% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 3 days (all we have)+1.055%+$105 · spread now −0.381%, 7d avg +0.149%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.530% cheaper against Bybit than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.149%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.132%, so the current rate has only just turned against you. The two prices were read 45 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 | Bybit LITUSDT | 4.7509 | 0.0100 | pay 0.0050% / 4h | 3h 42m | $42.8M | $29.9M | 75x |
| Short | Phoenix LIT | 4.7328 | −0.0034 | pay 0.0004% / 1h | 42m 46s | $205K | $361K | 5x |
Bybit LITUSDT
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$28.09
- Price spread: −0.381% → +0.149%
- −$53
- Slippage, 4 orders
- −$47.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$146.21
- Costs to cover
- 0.651%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Phoenix: live order book, 28 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, 1 min ago | 1.05 bp | 16.8 bp −$17 | 56.4 bp −$564 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 1.90 bp | 16.1 bp −$16 | 50.1 bp −$501 | 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 | −0.0639% | 1h | 4.7523 | +0.029% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0512% | 4h | 4.7471 | −0.080% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0400% | 1h | 4.7432 | −0.162% | $33K | $4K | 5x | as long as short |
| Gate LIT_USDT | −0.0366% | 4h | 4.7530 | +0.044% | $2.8M | $4.4M | 50x | as long as short |
| Bullet LIT-USD | −0.0324% | 1h | 4.7464 | −0.095% | $85K | $77K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0255% | 4h | 4.7515 | +0.013% | $25.8M | $64.1M | 50x | as long as short |
| Phemex LITUSDT | −0.0149% | 4h | 4.7510 | +0.002% | $1.4M | $2.7M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0146% | 4h | 4.7490 | −0.040% | $5.3M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0088% | 1h | 4.7498 | −0.023% | $672K | $402K | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0070% | 1h | 4.7549 | +0.084% | $685K | $1.4M | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Gate LIT_USDT
Bullet LIT-USD
OKX LIT-USDT-SWAP
Phemex LITUSDT
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
Backpack LIT_USDC_PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LITshort | −0.0034% | 1h | 4.7328 | −0.381% | $205K | $361K | 5x | |
| ApeX Omni LITUSDT | −0.0028% | 1h | 4.7370 | −0.293% | $56K | $77K | 50x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7500 | −0.019% | $31K | $860K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7511 | +0.004% | $35K | — | 150x | as long as short |
| dYdX LIT-USD | +0.0007% | 1h | 4.7561 | +0.109% | $34K | — | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0024% | 4h | 4.7420 | −0.188% | $899K | $1.8M | 10x | as long as short |
| Nado LIT-PERP | +0.0028% | 1h | 4.7435 | −0.156% | $2.2M | $1.7M | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.118% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0041% | 8h | 4.7490 | −0.039% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7577 | +0.143% | $59.5M | $29.6M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7606 | +0.204% | $12.7M | $2.3M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7537 | +0.059% | $590K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7503 | −0.014% | $75.8M | $81.3M | 75x | as long as short |
| Bybit LITUSDTlong | +0.0100% | 4h | 4.7509 | long leg | $42.8M | $29.9M | 75x | |
| Arcus LIT-USD | +0.0100% | 1h | 4.7584 | +0.158% | $118K | $455K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7141 | −0.775% | $118K | $1K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7493 | −0.034% | $5.7M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7600 | +0.192% | $6.8M | $2.8M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7332 | −0.374% | $288K | $312K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7496 | −0.027% | $449K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7557 | +0.101% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7403 | −0.223% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7515 | +0.013% | $994 | $463K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7481 | −0.059% | $189K | $347K | 30x | as long as short |
| Lighter RH LIT | +0.0104% | 1h | 4.7589 | +0.168% | $3.7M | $13.7M | 5x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7549 | +0.084% | $5.2M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7497 | −0.025% | $149K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0119% | 1h | 4.7624 | +0.241% | $812K | $2.0M | 5x | as long as short |
| Hyperliquid LIT | +0.0205% | 1h | 4.7609 | +0.210% | $213.5M | $44.9M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0324% | 1h | 4.7365 | −0.303% | $10K | $205K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7509 | 0.000% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0384% / S −0.0176% | 1h | 4.7510 | +0.001% | $63K | — | 50x | as long as short |
ApeX Omni LITUSDT
Perpl LIT
gTrade (Gains Network) LIT/USD
dYdX LIT-USD
GRVT LIT_USDT_Perp
Nado LIT-PERP
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Lighter LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk 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
Lighter RH LIT
Extended LIT-USD
Aevo LIT-PERP
RISEx LIT/USDC
Hyperliquid LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]