LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.46 per $10,000 · paid last 24h −0.046%

Price spread now: Phemex against GRVT+0.213%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1091.095% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$24 on $10k

Price spread, last 3 days (all we have)−0.308%−$31 · spread now +0.213%, 7d avg +0.014%

Together, before fees−0.073%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.199% dearer against GRVT than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.7010	−0.0152	get 0.0076% / 4h	2h 29m	$904K	$1.8M	10x
Short	Phemex LITUSDT	4.7110	−0.0060	pay 0.0030% / 4h	2h 29m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against GRVT. 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 GRVTbpFee PhemexbpOrdersPrice spread, now +0.213%Rate

Funding earned: $19.43
Price spread: +0.213% → +0.014%: $19.9
Slippage, 4 orders: −$88.48
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$70.16
Costs to cover: 1.095%
Break-even: 32.3 days

Slippage from GRVT: live order book, 4 min ago; Phemex: live order book, 5 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 GRVT live order book, 4 min ago	3.19 bp	18.5 bp −$19	100.4 bp −$1,004	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	8.51 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit

LIT on 41 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	−0.0753%	1h	4.7119	+0.233%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0624%	1h	4.7068	+0.124%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0466%	4h	4.7068	+0.124%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0452%	1h	4.7130	+0.255%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0193%	1h	4.7040	+0.064%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0190%	4h	4.7130	+0.255%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0153%	4h	4.7182	+0.366%	$25.6M	$63.7M	50x	as long as short
GRVT LIT_USDT_Perplong	−0.0152%	4h	4.7010	long leg	$904K	$1.8M	10x
KuCoin LITUSDTM	−0.0142%	4h	4.7181	+0.364%	$5.3M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.7072	+0.132%	$203K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.423%	$668K	$372K	50x	as long as short
Phemex LITUSDTshort	−0.0060%	4h	4.7110	+0.213%	$1.4M	$2.7M	20x
Backpack LIT_USDC_PERP	−0.0024%	1h	4.7168	+0.336%	$681K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7282	+0.579%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7168	+0.337%	$472	—	150x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.209%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.191%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0033%	8h	4.7147	+0.292%	$7K	$2K	5x	as long as short
SoDEX LIT-USD	+0.0051%	1h	4.7130	+0.255%	$1K	$450K	5x	as long as short
Bybit LITUSDT	+0.0062%	4h	4.7152	+0.302%	$42.3M	$29.2M	75x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7172	+0.345%	$786K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7207	+0.419%	$59.1M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7220	+0.447%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7165	+0.330%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7215	+0.436%	$211.3M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7202	+0.408%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7183	+0.368%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7141	+0.279%	$75.2M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7140	+0.277%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7113	+0.219%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	+0.426%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7048	+0.081%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7142	+0.281%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7171	+0.343%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7150	+0.298%	$5K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7128	+0.251%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7103	+0.197%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7127	+0.249%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0274%	1h	4.7087	+0.164%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0199%	1h	4.7176	+0.354%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7173	+0.347%	$31K	$860K	33x	as long as short