Funding you earn now, next payment 22:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.024%
Price spread now: Phoenix against MEXC−0.169%62s7-day average +0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 3 days (all we have)+1.156%+$116 · spread now −0.169%, 7d avg +0.165%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.335% cheaper against MEXC than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.165%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you. The two prices were read 62 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 | MEXC LIT_USDT | 4.7910 | 0.0060 | pay 0.0030% / 4h | 56m 27s | $5.7M | $4.1M | 100x |
| Short | Phoenix LIT | 4.7829 | −0.0034 | pay 0.0004% / 1h | 56m 27s | $208K | $353K | 5x |
MEXC LIT_USDT
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$19.71
- Price spread: −0.169% → +0.165%
- −$33.46
- Slippage, 4 orders
- −$28.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$92.64
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Phoenix: live order book, 19 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, 6 min ago | 0.10 bp | 3.5 bp −$4 | 43.1 bp −$431 | 265.4 bp −$26.5K | doesn't fit |
| Sell Phoenix live order book, 19 min ago | 1.91 bp | 16.1 bp −$16 | 50.0 bp −$500 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1052% | 4h | 4.7930 | +0.042% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0828% | 1h | 4.7823 | −0.182% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0621% | 4h | 4.7855 | −0.115% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0493% | 4h | 4.7800 | −0.230% | $1.4M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0453% | 4h | 4.7905 | −0.010% | $26.0M | $64.3M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0416% | 1h | 4.7888 | −0.046% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0331% | 1h | 4.7913 | +0.006% | $86K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0238% | 4h | 4.7893 | −0.035% | $5.3M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0202% | 4h | 4.7930 | +0.042% | $43.2M | $30.1M | 75x | as long as short |
| Aftermath Perps LITUSD | −0.0122% | 1h | 4.7737 | −0.361% | $13K | $203K | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Phemex LITUSDT
OKX LIT-USDT-SWAP
01 Exchange LITUSD
Bullet LIT-USD
KuCoin LITUSDTM
Bybit LITUSDT
Aftermath Perps LITUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0120% | 4h | 4.7610 | −0.626% | $907K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7929 | +0.040% | $678K | $405K | 50x | as long as short |
| Phoenix LITshort | −0.0034% | 1h | 4.7829 | −0.169% | $208K | $353K | 5x | |
| dYdX LIT-USD | 0.0000% | 1h | 4.7913 | +0.006% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7923 | +0.028% | $32K | $840K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7952 | +0.087% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0006% | 8h | 4.7871 | −0.081% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7938 | +0.058% | $823K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.271% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDTlong | +0.0060% | 4h | 4.7910 | long leg | $5.7M | $4.1M | 100x | |
| edgeX LITUSDC | +0.0061% | 4h | 4.7594 | −0.660% | $290K | $309K | 10x | as long as short |
| Binance LITUSDT | +0.0063% | 4h | 4.7906 | −0.008% | $76.2M | $81.3M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7890 | −0.041% | $150K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7963 | +0.111% | $60.4M | $29.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7907 | −0.007% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7989 | +0.166% | $12.8M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7924 | +0.029% | $621K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7935 | +0.052% | $119K | $452K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7566 | −0.718% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7950 | +0.083% | $6.8M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7852 | −0.121% | $672K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7730 | −0.376% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7936 | +0.054% | $453K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7950 | +0.083% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7762 | −0.309% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7833 | −0.161% | $1K | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7814 | −0.200% | $191K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7916 | +0.012% | $5.3M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0112% | 1h | 4.7961 | +0.106% | $3.7M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0248% | 4h | 4.7802 | −0.225% | $1.6M | $2.1M | 75x | as long as short |
| Hyperliquid LIT | +0.0300% | 1h | 4.8017 | +0.223% | $215.2M | $44.8M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0379% / S −0.0169% | 1h | 4.7954 | +0.091% | $63K | — | 50x | as long as short |
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Injective LIT/USDC PERP
edgeX LITUSDC
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
Hyperliquid LIT
GMX LIT/USD [ETH-USDC]