Funding you earn now, next payment 00:00 UTC−0.0602%/8h= −65.9% APRnext payment −$3.01 per $10,000 · paid last 24h −0.060%
Price spread now: Phemex against MEXC+0.084%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 3 days (all we have)−0.125%−$13 · spread now +0.084%, 7d avg −0.026%
=The price spread pays, funding is against you. Phemex is 0.110% dearer against MEXC than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.026%): +$11 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.105% in total) that is about 7.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.01 per $10,000. 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 | MEXC LIT_USDT | 4.7510 | 0.0032 | pay 0.0016% / 4h | 2h 25m | $5.8M | $4.2M | 100x |
| Short | Phemex LITUSDT | 4.7550 | −0.0570 | pay 0.0285% / 4h | 2h 25m | $1.3M | $2.7M | 20x |
MEXC LIT_USDT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- −$126.34
- Price spread: +0.084% → −0.026%
- $11
- Slippage, 4 orders
- −$52.61
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$183.94
- Costs to cover
- 0.686%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.10 bp | 4.0 bp −$4 | 56.2 bp −$562 | 360.9 bp −$36.1K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.31 bp | 35.5 bp −$35 | 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 | −0.0831% | 1h | 4.7574 | +0.134% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0694% | 4h | 4.7520 | +0.021% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0607% | 4h | 4.7525 | +0.032% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDTshort | −0.0570% | 4h | 4.7550 | +0.084% | $1.3M | $2.7M | 20x | |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7495 | −0.032% | $33K | $4K | 5x | as long as short |
| Backpack LIT_USDC_PERP | −0.0374% | 1h | 4.7569 | +0.124% | $668K | $1.5M | 5x | as long as short |
| Bullet LIT-USD | −0.0363% | 1h | 4.7554 | +0.093% | $86K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0341% | 4h | 4.7507 | −0.006% | $43.0M | $30.6M | 75x | as long as short |
| OKX LIT-USDT-SWAP | −0.0312% | 4h | 4.7512 | +0.004% | $25.0M | $61.9M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0302% | 4h | 4.7581 | +0.149% | $5.3M | $1.1M | 30x | 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
Bybit LITUSDT
OKX LIT-USDT-SWAP
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0292% | 4h | 4.7463 | −0.098% | $906K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.445% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7537 | +0.057% | $247K | $321K | 5x | as long as short |
| Extended LIT-USD | −0.0024% | 1h | 4.7488 | −0.046% | $5.3M | $5.1M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0019% | 8h | 4.7523 | +0.028% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7558 | +0.101% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7622 | +0.235% | $35K | — | 150x | as long as short |
| SoDEX LIT-USD | +0.0006% | 1h | 4.7559 | +0.103% | $1K | $487K | 5x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7588 | +0.163% | $819K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0021% | 1h | 4.7535 | +0.053% | $2.1M | $1.7M | 10x | as long as short |
| edgeX LITUSDC | +0.0030% | 4h | 4.7464 | −0.097% | $289K | $312K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0032% | 1h | 4.7557 | +0.099% | $449K | $105K | 10x | as long as short |
| MEXC LIT_USDTlong | +0.0032% | 4h | 4.7510 | long leg | $5.8M | $4.2M | 100x | |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.116% | $422 | $178K | 5.5x | as long as short |
| Binance LITUSDT | +0.0035% | 4h | 4.7500 | −0.021% | $75.1M | $81.2M | 75x | as long as short |
| Bulk LIT-USD | +0.0037% | 1h | 4.7479 | −0.065% | $119K | $6K | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7573 | +0.133% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7592 | +0.173% | $59.6M | $30.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7564 | +0.114% | $211.3M | $45.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7571 | +0.127% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7591 | +0.170% | $583K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7550 | +0.084% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7530 | +0.042% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7490 | −0.042% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7607 | +0.205% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7601 | +0.192% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7590 | +0.168% | $190K | $329K | 30x | as long as short |
| Aftermath Perps LITUSD | +0.0103% | 1h | 4.7525 | +0.032% | $12K | $199K | 10x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7602 | +0.194% | $31K | $838K | 33x | as long as short |
| BloFin LIT-USDT | +0.0136% | 4h | 4.7567 | +0.120% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0358% / S −0.0155% | 1h | 4.7601 | +0.191% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0384% | 1h | 4.7610 | +0.210% | $3.7M | $14.2M | 5x | as long as short |
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
Phoenix LIT
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
SoDEX LIT-USD
RISEx LIT/USDC
Nado LIT-PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
Injective LIT/USDC PERP
Binance LITUSDT
Bulk LIT-USD
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Aftermath Perps LITUSD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT