LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0431%/8h= +47.2% APRnext payment +$0.54 per $10,000 · paid last 24h +0.037%

Price spread now: Phoenix against Coinbase International+0.203%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$670.670% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.904%+$90 on $10k

Price spread, last 4 days (all we have)−0.553%−$55 · spread now +0.203%, 7d avg −0.025%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.228% dearer against Coinbase International than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7300	−0.0448	get 0.0056% / 1h	42m 18s	$612K	$358K	50x
Short	Phoenix LIT	4.7396	−0.0017	pay 0.0002% / 1h	42m 18s	$204K	$283K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. 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 Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now +0.203%Rate

Funding earned: $90.54
Price spread: +0.203% → −0.025%: $22.79
Slippage, 4 orders: −$50.01
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $46.31
Costs to cover: 0.670%
Break-even: 3.4 days

Slippage from Coinbase International: live order book, 6 min ago; Phoenix: live order book, 4 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 Coinbase International live order book, 6 min ago	7.20 bp	18.8 bp −$19	72.4 bp −$724	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	1.90 bp	16.1 bp −$16	50.3 bp −$503	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
Coinbase International LIT-PERP-INTXlong	−0.0448%	1h	4.7300	long leg	$612K	$358K	50x
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7318	+0.038%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0313%	4h	4.7290	−0.022%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7297	−0.007%	$31K	$5K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0218%	4h	4.7321	+0.044%	$897K	$1.8M	10x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.7358	+0.123%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7368	+0.143%	$25.4M	$60.7M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0134%	1h	4.7387	+0.184%	$42K	$40K	10x	as long as short
Bybit LITUSDT	−0.0122%	4h	4.7362	+0.131%	$41.3M	$28.6M	75x	as long as short
Phoenix LITshort	−0.0017%	1h	4.7396	+0.203%	$204K	$283K	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0012%	1h	4.7356	+0.119%	$818K	$2.2M	5x	as long as short
KuCoin LITUSDTM	−0.0008%	4h	4.7368	+0.143%	$5.3M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7373	+0.154%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7390	+0.190%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.564%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7309	+0.020%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7386	+0.181%	$59.1M	$27.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7316	+0.032%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7433	+0.281%	$212.1M	$40.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7366	+0.139%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7359	+0.124%	$76.0M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7373	+0.154%	$119K	$457K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7370	+0.148%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7341	+0.086%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	+0.190%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7341	+0.086%	$663K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7412	+0.235%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7340	+0.084%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7370	+0.148%	$445K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7399	+0.209%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7320	+0.042%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7379	+0.167%	$1K	$351K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7384	+0.177%	$200K	$348K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	+0.012%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7361	+0.128%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7370	+0.148%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0128%	1h	4.7405	+0.222%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0209%	4h	4.7392	+0.194%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7290	−0.022%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0413%	1h	4.7404	+0.218%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0439% / S −0.0231%	1h	4.7382	+0.172%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7386	+0.182%	$31K	$705K	33x	as long as short