LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.064%

Price spread now: Phoenix against Hyperliquid−0.051%81s7-day average +0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 4 days (all we have)+0.792%+$79 · spread now −0.051%, 7d avg +0.021%

Together, before fees+0.593%+ Points / potential airdropHyperliquid: Season 2 · farm board+$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 81 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	Hyperliquid LIT	4.7081	0.0100	pay 0.0013% / 1h	34m 14s	$210.2M	$41.5M	5x
Short	Phoenix LIT	4.7057	−0.0017	pay 0.0002% / 1h	34m 14s	$202K	$299K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hyperliquid. 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 HyperliquidbpFee PhoenixbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$24.56
Price spread: −0.051% → +0.021%: −$7.15
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$47.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Phoenix: live order book, 17 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 Hyperliquid live order book, 10 min ago	2.02 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 17 min ago	1.90 bp	16.1 bp −$16	50.2 bp −$502	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	−0.0543%	1h	4.6993	−0.187%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.6942	−0.295%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.376%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7008	−0.155%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0246%	1h	4.6994	−0.185%	$84K	$67K	20x	as long as short
ApeX Omni LITUSDT	−0.0108%	1h	4.7030	−0.108%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.7008	−0.155%	$25.3M	$61.0M	50x	as long as short
Phoenix LITshort	−0.0017%	1h	4.7057	−0.051%	$202K	$299K	5x
RISEx LIT/USDC	−0.0008%	1h	4.7041	−0.085%	$792K	$2.2M	5x	as long as short
Nado LIT-PERP	−0.0004%	1h	4.7045	−0.075%	$2.2M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7062	−0.040%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7036	−0.096%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0012%	4h	4.7000	−0.172%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.037%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0042%	4h	4.6885	−0.415%	$900K	$1.8M	10x	as long as short
Bybit LITUSDT	+0.0072%	4h	4.7017	−0.136%	$41.0M	$29.1M	75x	as long as short
Paradex LIT-USD-PERP	+0.0079%	8h	4.6984	−0.205%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7059	−0.047%	$58.7M	$28.3M	5x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.7081	long leg	$210.2M	$41.5M	5x
Pacifica LIT	+0.0100%	1h	4.7052	−0.062%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6982	−0.210%	$75.4M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7040	−0.087%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6970	−0.235%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7020	−0.130%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6983	−0.208%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7010	−0.151%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7030	−0.108%	$659K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7006	−0.160%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7020	−0.130%	$439K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7024	−0.121%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6994	−0.185%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6994	−0.185%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7075	−0.013%	$199K	$358K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6980	−0.215%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6981	−0.212%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6977	−0.221%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7076	−0.011%	$31K	$745K	33x	as long as short
Aftermath Perps LITUSD	+0.0164%	1h	4.7053	−0.060%	$9K	$206K	10x	as long as short
Lighter RH LIT	+0.0232%	1h	4.7064	−0.036%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0247%	4h	4.7102	+0.045%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6976	−0.223%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7031	−0.105%	$65K	—	50x	as long as short