Funding you earn now, next payment 22:00 UTC−0.0597%/8h= −65.3% APRpaid last 24h −0.064%
Price spread now: Phemex against Lighter−0.237%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$650.651% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 3 days (all we have)−0.120%−$12 · spread now −0.237%, 7d avg −0.149%
=Together, before fees−0.452%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Phemex is 0.088% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.332% in total (about -17.3% 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 | Lighter LIT | 4.7603 | 0.0096 | pay 0.0012% / 1h | 30m 21s | $59.7M | $30.0M | 5x |
| Short | Phemex LITUSDT | 4.7490 | −0.0501 | pay 0.0250% / 4h | 2h 30m | $1.3M | $2.7M | 20x |
Lighter LIT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. 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
- −$125.27
- Price spread: −0.237% → −0.149%
- −$8.84
- Slippage, 4 orders
- −$53.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$199.19
- Costs to cover
- 0.651%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 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 Lighter live order book, 4 min ago | 0.74 bp | 3.4 bp −$3 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.34 bp | 30.1 bp −$30 | 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 | −0.0906% | 1h | 4.7505 | −0.206% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0694% | 4h | 4.7490 | −0.237% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0597% | 4h | 4.7445 | −0.332% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0576% | 1h | 4.7447 | −0.328% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDTshort | −0.0501% | 4h | 4.7490 | −0.237% | $1.3M | $2.7M | 20x | |
| Backpack LIT_USDC_PERP | −0.0437% | 1h | 4.7517 | −0.181% | $667K | $1.5M | 5x | as long as short |
| Bullet LIT-USD | −0.0379% | 1h | 4.7484 | −0.251% | $86K | $81K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0309% | 4h | 4.7480 | −0.258% | $25.0M | $61.6M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0304% | 4h | 4.7340 | −0.554% | $891K | $1.9M | 10x | as long as short |
| Bybit LITUSDT | −0.0304% | 4h | 4.7530 | −0.153% | $43.1M | $30.6M | 75x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Backpack LIT_USDC_PERP
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LITUSDTM | −0.0294% | 4h | 4.7485 | −0.248% | $5.3M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7551 | −0.109% | $657K | $402K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7438 | −0.347% | $245K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0030% | 8h | 4.7459 | −0.302% | $6K | $2K | 5x | as long as short |
| Extended LIT-USD | −0.0024% | 1h | 4.7475 | −0.270% | $5.2M | $5.1M | 25x | as long as short |
| SoDEX LIT-USD | −0.0023% | 1h | 4.7526 | −0.162% | $994 | $487K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7505 | −0.205% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7545 | −0.121% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7527 | −0.160% | $818K | $2.0M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0022% | 1h | 4.7511 | −0.193% | $449K | $105K | 10x | as long as short |
| edgeX LITUSDC | +0.0026% | 4h | 4.7394 | −0.440% | $288K | $311K | 10x | as long as short |
| MEXC LIT_USDT | +0.0030% | 4h | 4.7475 | −0.269% | $5.8M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0032% | 4h | 4.7499 | −0.218% | $75.1M | $81.1M | 75x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.918% | $422 | $178K | 5.5x | as long as short |
| Bulk LIT-USD | +0.0037% | 1h | 4.7479 | −0.260% | $119K | $6K | 10x | as long as short |
| Nado LIT-PERP | +0.0040% | 1h | 4.7501 | −0.213% | $2.1M | $1.7M | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7474 | −0.271% | $148K | $44K | 3x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.7603 | long leg | $59.7M | $30.0M | 5x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.7551 | −0.109% | $211.2M | $45.0M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7584 | −0.040% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7512 | −0.191% | $587K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7498 | −0.221% | $117K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7510 | −0.195% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7430 | −0.363% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7526 | −0.162% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7519 | −0.176% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7573 | −0.063% | $190K | $329K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7533 | −0.147% | $31K | $841K | 33x | as long as short |
| BloFin LIT-USDT | +0.0123% | 4h | 4.7448 | −0.326% | $1.5M | $2.0M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0168% | 1h | 4.7438 | −0.347% | $12K | $199K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0359% / S −0.0155% | 1h | 4.7529 | −0.155% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0368% | 1h | 4.7619 | +0.034% | $3.7M | $14.2M | 5x | as long as short |
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
Phoenix LIT
Paradex LIT-USD-PERP
Extended LIT-USD
SoDEX LIT-USD
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Injective LIT/USDC PERP
Bulk LIT-USD
Nado LIT-PERP
Aevo LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Lighter RH LIT