Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.034%
Price spread now: Phemex against Gate−0.042%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1091.093% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)−0.205%−$20 · spread now −0.042%, 7d avg −0.073%
=The price spread pays, funding is against you. Phemex is 0.031% dearer against Gate than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.091% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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 | Gate LIT_USDT | 4.7470 | −0.0270 | get 0.0135% / 4h | 2h 56m | $2.8M | $4.5M | 50x |
| Short | Phemex LITUSDT | 4.7450 | −0.0470 | pay 0.0235% / 4h | 2h 56m | $1.3M | $2.7M | 20x |
Gate LIT_USDT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- −$41.96
- Price spread: −0.042% → −0.073%
- $3.1
- Slippage, 4 orders
- −$82.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$148.18
- Costs to cover
- 1.093%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 2.11 bp | 17.5 bp −$18 | 52.9 bp −$529 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 7.36 bp | 36.2 bp −$36 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0855% | 1h | 4.7472 | +0.003% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0744% | 1h | 4.7443 | −0.057% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0563% | 4h | 4.7428 | −0.088% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDTshort | −0.0470% | 4h | 4.7450 | −0.042% | $1.3M | $2.7M | 20x | |
| Backpack LIT_USDC_PERP | −0.0457% | 1h | 4.7496 | +0.055% | $667K | $1.5M | 5x | as long as short |
| Bullet LIT-USD | −0.0367% | 1h | 4.7480 | +0.021% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0326% | 4h | 4.7464 | −0.013% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0288% | 4h | 4.7464 | −0.013% | $25.2M | $60.7M | 50x | as long as short |
| Gate LIT_USDTlong | −0.0270% | 4h | 4.7470 | long leg | $2.8M | $4.5M | 50x | |
| GRVT LIT_USDT_Perp | −0.0262% | 4h | 4.7620 | +0.316% | $902K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Backpack LIT_USDC_PERP
Bullet LIT-USD
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0238% | 4h | 4.7450 | −0.042% | $42.9M | $30.1M | 75x | as long as short |
| ApeX Omni LITUSDT | −0.0230% | 1h | 4.7610 | +0.295% | $56K | $78K | 50x | as long as short |
| SoDEX LIT-USD | −0.0229% | 1h | 4.7475 | +0.011% | $984 | $473K | 5x | as long as short |
| Nado LIT-PERP | −0.0161% | 1h | 4.7534 | +0.136% | $2.1M | $1.7M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +2.069% | $668K | $408K | 50x | as long as short |
| Phoenix LIT | −0.0067% | 1h | 4.7677 | +0.436% | $246K | $321K | 5x | as long as short |
| Polymarket Perps LIT-USD | −0.0038% | 1h | 4.7518 | +0.101% | $449K | $104K | 10x | as long as short |
| Extended LIT-USD | −0.0032% | 1h | 4.7427 | −0.090% | $5.2M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0019% | 8h | 4.7489 | +0.041% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7600 | +0.274% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7525 | +0.115% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7548 | +0.164% | $816K | $2.0M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.201% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7431 | −0.082% | $5.9M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0056% | 4h | 4.7424 | −0.097% | $74.9M | $80.7M | 75x | as long as short |
| edgeX LITUSDC | +0.0066% | 4h | 4.7648 | +0.376% | $290K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7458 | −0.026% | $148K | $44K | 3x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | +0.331% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7487 | +0.036% | $211.0M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7511 | +0.086% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7571 | +0.213% | $597K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7513 | +0.091% | $118K | $449K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7470 | 0.000% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7514 | +0.093% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7545 | +0.158% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7680 | +0.442% | $190K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7535 | +0.138% | $31K | $843K | 33x | as long as short |
| Lighter LIT | +0.0128% | 1h | 4.7564 | +0.198% | $59.6M | $29.5M | 5x | as long as short |
| Lighter RH LIT | +0.0144% | 1h | 4.7566 | +0.202% | $3.7M | $14.0M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0151% | 1h | 4.7719 | +0.525% | $11K | $198K | 10x | as long as short |
| BloFin LIT-USDT | +0.0224% | 4h | 4.7493 | +0.048% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7520 | +0.106% | $60K | — | 50x | as long as short |
Bybit LITUSDT
ApeX Omni LITUSDT
SoDEX LIT-USD
Nado LIT-PERP
Coinbase International LIT-PERP-INTX
Phoenix LIT
Polymarket Perps LIT-USD
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
Bulk LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
Lighter LIT
Lighter RH LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]