LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.010%

Price spread now: Phoenix against Injective−1.341%7-day average +9.471% · you buy dearer than you sell

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)+16.562%+$1,656 · spread now −1.341%, 7d avg +9.471%

Together, before fees+16.692%+$1,669 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 10.812% cheaper against Injective than usual: you would sell low and buy high (−$1,081 if the spread goes back to its 7-day average of +9.471%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.130%, so the current rate has only just turned against you.

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 15s	$422	$178K	5.5x
Short	Phoenix LIT	4.7396	−0.0017	pay 0.0002% / 1h	42m 15s	$204K	$283K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee PhoenixbpOrdersPrice spread, now −1.341%Rate

Funding earned: −$10.54
Price spread: −1.341% → +9.471%: −$1,081.17
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1,098.74
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 4 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 Phoenix live order book, 4 min ago	1.90 bp	16.1 bp −$16	50.3 bp −$503	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−1.540%	$612K	$358K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7318	−1.503%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7297	−1.547%	$31K	$5K	5x	as long as short
Phemex LITUSDT	−0.0298%	4h	4.7380	−1.374%	$1.4M	$2.8M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0218%	4h	4.7321	−1.497%	$897K	$1.8M	10x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.7358	−1.419%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7361	−1.413%	$25.5M	$60.7M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0134%	1h	4.7387	−1.359%	$42K	$40K	10x	as long as short
Bybit LITUSDT	−0.0122%	4h	4.7380	−1.374%	$41.3M	$28.6M	75x	as long as short
Phoenix LITshort	−0.0017%	1h	4.7396	−1.341%	$204K	$283K	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0012%	1h	4.7356	−1.423%	$818K	$2.2M	5x	as long as short
KuCoin LITUSDTM	−0.0008%	4h	4.7368	−1.399%	$5.3M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7373	−1.389%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7390	−1.353%	$11K	—	150x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Paradex LIT-USD-PERP	+0.0092%	8h	4.7309	−1.521%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7418	−1.295%	$59.1M	$27.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7316	−1.508%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7455	−1.218%	$212.2M	$40.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7366	−1.404%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7358	−1.420%	$76.0M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7373	−1.388%	$119K	$457K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7390	−1.353%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7359	−1.418%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−1.353%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7395	−1.343%	$664K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7412	−1.308%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7340	−1.457%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7370	−1.395%	$445K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7399	−1.334%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7320	−1.499%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7379	−1.376%	$1K	$351K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7384	−1.366%	$200K	$348K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	−1.528%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7361	−1.414%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7370	−1.394%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7449	−1.230%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0209%	4h	4.7392	−1.349%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7290	−1.561%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0413%	1h	4.7404	−1.325%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0439% / S −0.0231%	1h	4.7382	−1.370%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7386	−1.360%	$31K	$705K	33x	as long as short