Funding you earn now, next payment 00:00 UTC−0.0597%/8h= −65.4% APRpaid last 24h −0.059%
Price spread now: Phemex against Extended−0.242%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 7 days−0.245%−$24 on $10k
+Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.242%, 7d avg +0.005%
=Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Phemex is 0.246% cheaper against Extended than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% a year). A funding rate is set anew for every payment. 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 | Extended LIT-USD | 4.7916 | 0.0104 | pay 0.0013% / 1h | 56m 37s | $5.3M | $5.1M | 25x |
| Short | Phemex LITUSDT | 4.7800 | −0.0493 | pay 0.0246% / 4h | 56m 37s | $1.4M | $2.7M | 20x |
Extended LIT-USD
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$125.33
- Price spread: −0.242% → +0.005%
- −$24.63
- Slippage, 4 orders
- −$47.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$214.4
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 min ago; Phemex: live order book, 2 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 Extended live order book, 2 min ago | 0.10 bp | 4.1 bp −$4 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.14 bp | 28.3 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1052% | 4h | 4.7890 | −0.054% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0828% | 1h | 4.7823 | −0.194% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0624% | 4h | 4.7772 | −0.300% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDTshort | −0.0493% | 4h | 4.7800 | −0.242% | $1.4M | $2.7M | 20x | |
| OKX LIT-USDT-SWAP | −0.0453% | 4h | 4.7927 | +0.023% | $26.0M | $64.3M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0416% | 1h | 4.7888 | −0.058% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0356% | 1h | 4.7825 | −0.189% | $86K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0242% | 4h | 4.7862 | −0.112% | $5.3M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0202% | 4h | 4.7920 | +0.009% | $43.2M | $30.1M | 75x | as long as short |
| Aftermath Perps LITUSD | −0.0151% | 1h | 4.7695 | −0.460% | $13K | $203K | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
OKX LIT-USDT-SWAP
01 Exchange LITUSD
Bullet LIT-USD
KuCoin LITUSDTM
Bybit LITUSDT
Aftermath Perps LITUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0120% | 4h | 4.7610 | −0.638% | $907K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7929 | +0.028% | $678K | $405K | 50x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7829 | −0.181% | $208K | $353K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7913 | −0.006% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7831 | −0.176% | $32K | $840K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7870 | −0.096% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0006% | 8h | 4.7871 | −0.093% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7938 | +0.046% | $823K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.259% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0060% | 4h | 4.7916 | 0.000% | $5.7M | $4.1M | 100x | as long as short |
| edgeX LITUSDC | +0.0061% | 4h | 4.7594 | −0.672% | $290K | $309K | 10x | as long as short |
| Binance LITUSDT | +0.0063% | 4h | 4.7921 | +0.012% | $76.3M | $81.2M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7815 | −0.210% | $150K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7963 | +0.099% | $60.4M | $29.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7907 | −0.019% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.8000 | +0.176% | $12.8M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7924 | +0.017% | $621K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7935 | +0.040% | $119K | $452K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7566 | −0.730% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7960 | +0.092% | $6.8M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7852 | −0.133% | $672K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7730 | −0.388% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7813 | −0.214% | $452K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7870 | −0.095% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7762 | −0.321% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7833 | −0.173% | $1K | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7814 | −0.212% | $191K | $329K | 30x | as long as short |
| Extended LIT-USDlong | +0.0104% | 1h | 4.7916 | long leg | $5.3M | $5.1M | 25x | |
| Lighter RH LIT | +0.0112% | 1h | 4.7961 | +0.094% | $3.7M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0248% | 4h | 4.7802 | −0.237% | $1.6M | $2.1M | 75x | as long as short |
| Hyperliquid LIT | +0.0310% | 1h | 4.7983 | +0.140% | $215.0M | $44.7M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0379% / S −0.0169% | 1h | 4.7880 | −0.074% | $63K | — | 50x | as long as short |
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
Phoenix LIT
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Injective LIT/USDC PERP
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Lighter RH LIT
BloFin LIT-USDT
Hyperliquid LIT
GMX LIT/USD [ETH-USDC]