Funding you earn now, next payment 00:00 UTC−0.0134%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.022%
Price spread now: Phoenix against Derive−0.216%68s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.216% cheaper against Derive than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 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 | Derive LIT-PERP | 4.7617 | 0.0100 | pay 0.0013% / 1h | 19m 36s | $2K | — | 6.7x |
| Short | Phoenix LIT | 4.7514 | −0.0034 | pay 0.0004% / 1h | 19m 36s | $207K | $361K | 5x |
Derive LIT-PERP
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Derive. 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: −0.216% → 0.000%
- −$21.55
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$62.64
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Phoenix: live order book, 51 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 51 min ago | 1.90 bp | 16.1 bp −$16 | 50.1 bp −$501 | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0762% | 1h | 4.7577 | −0.083% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0497% | 4h | 4.7523 | −0.197% | $33K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0416% | 1h | 4.7570 | −0.098% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0351% | 1h | 4.7573 | −0.091% | $85K | $72K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0216% | 1h | 4.7530 | −0.182% | $57K | $77K | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0202% | 4h | 4.7605 | −0.024% | $25.9M | $63.7M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0130% | 4h | 4.7584 | −0.069% | $5.3M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0088% | 1h | 4.7644 | +0.058% | $674K | $391K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0064% | 4h | 4.7540 | −0.161% | $909K | $1.8M | 10x | as long as short |
| Phoenix LITshort | −0.0034% | 1h | 4.7514 | −0.216% | $207K | $361K | 5x |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
ApeX Omni LITUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl LIT | 0.0000% | 43m | 4.7674 | +0.119% | $32K | $855K | 33x | as long as short |
| dYdX LIT-USD | +0.0003% | 1h | 4.7650 | +0.071% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7620 | +0.007% | $11K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.889% | $422 | $178K | 5.5x | as long as short |
| Nado LIT-PERP | +0.0040% | 1h | 4.7604 | −0.025% | $2.2M | $1.7M | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0045% | 8h | 4.7580 | −0.076% | $7K | $2K | 5x | as long as short |
| Bulk LIT-USD | +0.0096% | 1h | 4.7547 | −0.146% | $119K | $1K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7667 | +0.106% | $59.6M | $29.9M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0098% | 1h | 4.7632 | +0.032% | $450K | $104K | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7683 | +0.140% | $12.7M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7562 | −0.114% | $589K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7608 | −0.018% | $76.0M | $80.2M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7591 | −0.054% | $42.8M | $29.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7566 | −0.106% | $118K | $450K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7560 | −0.119% | $2.8M | $4.5M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7546 | −0.148% | $5.6M | $4.2M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7560 | −0.119% | $6.8M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7609 | −0.016% | $690K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7504 | −0.237% | $289K | $308K | 10x | as long as short |
| Derive LIT-PERPlong | +0.0100% | 1h | 4.7617 | long leg | $2K | — | 6.7x | |
| SunX LIT-USDT | +0.0100% | 4h | 4.7625 | +0.018% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7579 | −0.079% | $986 | $454K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7599 | −0.037% | $190K | $346K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.7580 | −0.077% | $1.4M | $2.7M | 20x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7469 | −0.309% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7573 | −0.091% | $149K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0119% | 1h | 4.7637 | +0.043% | $794K | $2.0M | 5x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7692 | +0.158% | $3.7M | $13.7M | 5x | as long as short |
| Hyperliquid LIT | +0.0334% | 1h | 4.7696 | +0.167% | $214.1M | $43.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7505 | −0.234% | $1.6M | $2.0M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0387% | 1h | 4.7608 | −0.017% | $9K | $202K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0398% / S −0.0187% | 1h | 4.7615 | −0.002% | $64K | — | 50x | as long as short |
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Nado LIT-PERP
Paradex LIT-USD-PERP
Bulk LIT-USD
Lighter LIT
Polymarket Perps LIT-USD
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Extended LIT-USD
Aevo LIT-PERP
RISEx LIT/USDC
Lighter RH LIT
Hyperliquid LIT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]