Funding you earn now, next payment 04:00 UTC−0.0233%/8h= −25.5% APRnext payment −$1.17 per $10,000 · paid last 24h −0.081%
Price spread now: Phemex against edgeX−0.461%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$920.924% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.461%, 7d avg −0.047%
=Together, before fees+0.108%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.414% cheaper against edgeX than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.17 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 | edgeX LITUSDC | 4.6866 | 0.0100 | pay 0.0050% / 4h | 50m 34s | $286K | $303K | 10x |
| Short | Phemex LITUSDT | 4.6650 | −0.0133 | pay 0.0067% / 4h | 50m 34s | $1.3M | $2.8M | 20x |
edgeX LITUSDC
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$48.94
- Price spread: −0.461% → −0.047%
- −$41.44
- Slippage, 4 orders
- −$71.42
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$182.8
- Costs to cover
- 0.924%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 7 min ago; Phemex: live order book, 3 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 edgeX live order book, 7 min ago | 5.68 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.40 bp | 39.3 bp −$39 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0504% | 1h | 4.6616 | −0.534% | $32K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0486% | 1h | 4.6680 | −0.398% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0388% | 4h | 4.6675 | −0.408% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0301% | 1h | 4.6758 | −0.231% | $84K | $68K | 20x | as long as short |
| Gate LIT_USDT | −0.0194% | 4h | 4.6720 | −0.312% | $2.7M | $4.2M | 50x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | −0.040% | $612K | $404K | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0174% | 1h | 4.6700 | −0.355% | $661K | $1.4M | 5x | as long as short |
| Phemex LITUSDTshort | −0.0133% | 4h | 4.6650 | −0.461% | $1.3M | $2.8M | 20x | |
| Phoenix LIT | −0.0034% | 1h | 4.6943 | +0.164% | $202K | $305K | 5x | as long as short |
| Bybit LITUSDT | −0.0019% | 4h | 4.6673 | −0.412% | $41.2M | $28.6M | 75x | as long as short |
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Bullet LIT-USD
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Backpack LIT_USDC_PERP
Phoenix LIT
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LITUSDTM | −0.0012% | 4h | 4.6765 | −0.216% | $5.2M | $1.0M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0002% | 4h | 4.6704 | −0.346% | $25.1M | $61.3M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6722 | −0.309% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6789 | −0.165% | $11K | — | 150x | as long as short |
| Polymarket Perps LIT-USD | +0.0018% | 1h | 4.6778 | −0.188% | $437K | $109K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0020% | 1h | 4.6840 | −0.056% | $56K | $76K | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.505% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0059% | 8h | 4.6660 | −0.440% | $7K | $2K | 5x | as long as short |
| Extended LIT-USD | +0.0064% | 1h | 4.6661 | −0.437% | $5.1M | $5.0M | 25x | as long as short |
| GRVT LIT_USDT_Perp | +0.0072% | 4h | 4.6863 | −0.007% | $908K | $1.7M | 10x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6727 | −0.296% | $779K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0083% | 1h | 4.6780 | −0.183% | $2.2M | $1.7M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6711 | −0.331% | $58.2M | $28.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6734 | −0.282% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6754 | −0.239% | $209.0M | $41.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6696 | −0.363% | $580K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6665 | −0.430% | $74.5M | $79.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6704 | −0.346% | $122K | $453K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6887 | +0.044% | $117K | $973 | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6665 | −0.429% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6700 | −0.355% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDClong | +0.0100% | 4h | 4.6866 | long leg | $286K | $303K | 10x | |
| Derive LIT-PERP | +0.0100% | 1h | 4.6766 | −0.213% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6679 | −0.399% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6690 | −0.376% | $2K | $390K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6799 | −0.143% | $198K | $388K | 30x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6699 | −0.356% | $146K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0145% | 1h | 4.6861 | −0.010% | $8K | $206K | 10x | as long as short |
| Aster LITUSDT | +0.0185% | 4h | 4.6739 | −0.272% | $12.5M | $2.0M | 50x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6803 | −0.135% | $31K | $793K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6684 | −0.389% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6786 | −0.172% | $62K | — | 50x | as long as short |
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Polymarket Perps LIT-USD
ApeX Omni LITUSDT
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Extended LIT-USD
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Nado LIT-PERP
Lighter LIT
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]