Funding you earn now, next payment 21:20 UTC−0.0546%/8h= −59.8% APRpaid last 24h −0.094%
Price spread now: Phemex against Perpl−0.043%7-day average −0.078% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)−0.196%−$20 · spread now −0.043%, 7d avg −0.078%
=Together, before fees−0.259%+ Points / potential airdropPerpl: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.035% dearer against Perpl than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.078%): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.063% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% 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 | Perpl LIT | 4.7370 | 0.0112 | pay 0.0010% / 43m | 22m 05s | $31K | $843K | 33x |
| Short | Phemex LITUSDT | 4.7350 | −0.0434 | pay 0.0217% / 4h | 2h 35m | $1.3M | $2.7M | 20x |
Perpl LIT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Perpl. 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
- −$114.66
- Price spread: −0.043% → −0.078%
- $3.45
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$137
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Phemex: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 2.11 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0884% | 1h | 4.7371 | +0.002% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0728% | 4h | 4.7360 | −0.022% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0595% | 4h | 4.7302 | −0.145% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0592% | 1h | 4.7298 | −0.153% | $33K | $4K | 5x | as long as short |
| Backpack LIT_USDC_PERP | −0.0486% | 1h | 4.7402 | +0.066% | $666K | $1.5M | 5x | as long as short |
| Phemex LITUSDTshort | −0.0434% | 4h | 4.7350 | −0.043% | $1.3M | $2.7M | 20x | |
| Bullet LIT-USD | −0.0381% | 1h | 4.7337 | −0.070% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0316% | 4h | 4.7386 | +0.033% | $5.3M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0313% | 4h | 4.7350 | −0.043% | $42.9M | $30.5M | 75x | as long as short |
| GRVT LIT_USDT_Perp | −0.0302% | 4h | 4.7333 | −0.079% | $891K | $1.9M | 10x | 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
KuCoin LITUSDTM
Bybit LITUSDT
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LIT-USDT-SWAP | −0.0302% | 4h | 4.7361 | −0.020% | $24.9M | $61.3M | 50x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7487 | +0.245% | $657K | $402K | 50x | as long as short |
| Extended LIT-USD | −0.0056% | 1h | 4.7340 | −0.065% | $5.2M | $5.1M | 25x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7492 | +0.256% | $246K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0036% | 1h | 4.7345 | −0.054% | $981 | $486K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0034% | 8h | 4.7258 | −0.238% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7376 | +0.012% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7385 | +0.031% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7373 | +0.005% | $815K | $2.0M | 5x | as long as short |
| Bulk LIT-USD | +0.0018% | 1h | 4.7345 | −0.053% | $119K | $6K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0027% | 1h | 4.7358 | −0.026% | $447K | $105K | 10x | as long as short |
| Binance LITUSDT | +0.0027% | 4h | 4.7338 | −0.069% | $74.8M | $81.0M | 75x | as long as short |
| MEXC LIT_USDT | +0.0028% | 4h | 4.7340 | −0.064% | $5.8M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0031% | 4h | 4.7370 | 0.000% | $288K | $310K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.413% | $422 | $178K | 5.5x | as long as short |
| Nado LIT-PERP | +0.0034% | 1h | 4.7285 | −0.180% | $2.1M | $1.7M | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7321 | −0.105% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7439 | +0.145% | $59.4M | $30.0M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7407 | +0.077% | $210.7M | $44.6M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7382 | +0.024% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7334 | −0.077% | $584K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7338 | −0.069% | $117K | $447K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7390 | +0.041% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7400 | +0.062% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7404 | +0.070% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7411 | +0.085% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7600 | +0.484% | $190K | $329K | 30x | as long as short |
| BloFin LIT-USDT | +0.0108% | 4h | 4.7344 | −0.056% | $1.5M | $2.0M | 75x | as long as short |
| Perpl LITlong | +0.0112% | 43m | 4.7370 | long leg | $31K | $843K | 33x | |
| Aftermath Perps LITUSD | +0.0176% | 1h | 4.7403 | +0.068% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0328% | 1h | 4.7462 | +0.193% | $3.7M | $14.2M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0358% / S −0.0155% | 1h | 4.7398 | +0.057% | $59K | — | 50x | as long as short |
OKX LIT-USDT-SWAP
Coinbase International LIT-PERP-INTX
Extended LIT-USD
Phoenix LIT
SoDEX LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Bulk LIT-USD
Polymarket Perps LIT-USD
Binance LITUSDT
MEXC LIT_USDT
edgeX LITUSDC
Injective LIT/USDC PERP
Nado LIT-PERP
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
BloFin LIT-USDT
Aftermath Perps LITUSD
Lighter RH LIT
GMX LIT/USD [ETH-USDC]