Funding you earn now, next payment 23:00 UTC−0.0574%/8h= −62.8% APRpaid last 24h −0.040%
Price spread now: Phemex against Injective−1.873%7-day average +10.392% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)+17.083%+$1,708 · spread now −1.873%, 7d avg +10.392%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Phemex is 12.265% cheaper against Injective than usual: you would sell low and buy high (−$1,227 if the spread goes back to its 7-day average of +10.392%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% 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 | Injective LIT/USDC PERP | 4.8040 | 0.0033 | pay 0.0004% / 1h | 42m 58s | $422 | $178K | 5.5x |
| Short | Phemex LITUSDT | 4.7140 | −0.0540 | pay 0.0270% / 4h | 1h 42m | $1.3M | $2.7M | 20x |
Injective LIT/USDC PERP
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Injective. 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
- −$120.5
- Price spread: −1.873% → +10.392%
- −$1,226.54
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1,359.07
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 6 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 6 min ago | 4.25 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0968% | 4h | 4.7130 | −1.894% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0869% | 1h | 4.7150 | −1.853% | $41K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERP | −0.0666% | 1h | 4.7174 | −1.803% | $663K | $1.4M | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0631% | 4h | 4.7093 | −1.971% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7122 | −1.911% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDTshort | −0.0540% | 4h | 4.7140 | −1.873% | $1.3M | $2.7M | 20x | |
| OKX LIT-USDT-SWAP | −0.0422% | 4h | 4.7125 | −1.905% | $25.2M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0350% | 1h | 4.7135 | −1.884% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0312% | 4h | 4.7140 | −1.873% | $42.6M | $30.5M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0290% | 4h | 4.7180 | −1.790% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Backpack LIT_USDC_PERP
Orderly PERP_LIT_USDC
01 Exchange LITUSD
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0215% | 1h | 4.7154 | −1.845% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0200% | 4h | 4.7104 | −1.949% | $899K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | −0.664% | $660K | $388K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7200 | −1.748% | $786K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0058% | 1h | 4.7168 | −1.816% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7125 | −1.905% | $245K | $327K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0002% | 8h | 4.7154 | −1.844% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7235 | −1.676% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7202 | −1.744% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERPlong | +0.0033% | 1h | 4.8040 | long leg | $422 | $178K | 5.5x | |
| MEXC LIT_USDT | +0.0054% | 4h | 4.7114 | −1.928% | $5.6M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0054% | 4h | 4.7112 | −1.932% | $287K | $312K | 10x | as long as short |
| Binance LITUSDT | +0.0055% | 4h | 4.7113 | −1.930% | $74.7M | $81.1M | 75x | as long as short |
| SoDEX LIT-USD | +0.0058% | 1h | 4.7145 | −1.863% | $1K | $467K | 5x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7136 | −1.882% | $147K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7231 | −1.684% | $59.4M | $29.4M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7211 | −1.726% | $210.5M | $44.8M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7181 | −1.788% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7225 | −1.696% | $581K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7182 | −1.786% | $116K | $447K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7055 | −2.050% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7160 | −1.832% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −1.894% | $55K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7189 | −1.771% | $446K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7193 | −1.763% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7186 | −1.778% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7222 | −1.703% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7109 | −1.937% | $5.2M | $5.1M | 25x | as long as short |
| BloFin LIT-USDT | +0.0219% | 4h | 4.7141 | −1.871% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7193 | −1.764% | $32K | $838K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0356% / S −0.0155% | 1h | 4.7194 | −1.760% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0384% | 1h | 4.7248 | −1.649% | $3.7M | $13.5M | 5x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Phoenix LIT
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
SoDEX LIT-USD
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT