Funding you earn now, next payment 00:00 UTC+0.0440%/8h= +48.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.060%
Price spread now: Binance against Phemex−0.025%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$910.911% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.025%, 7d avg +0.013%
=Funding pays, the price is against you. Binance is 0.038% cheaper against Phemex than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.013%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.105% in total) that is about 2.5 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 +$2.20 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 | Phemex LITUSDT | 4.7380 | −0.0347 | get 0.0174% / 4h | 27m 50s | $1.4M | $2.7M | 20x |
| Short | Binance LITUSDT | 4.7368 | 0.0092 | get 0.0046% / 4h | 27m 50s | $75.5M | $81.6M | 75x |
Phemex LITUSDT
Binance LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $92.32
- Price spread: −0.025% → +0.013%
- −$3.8
- Slippage, 4 orders
- −$69.1
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2.59
- Costs to cover
- 0.911%
- Break-even
- 7.2 days
Slippage from Phemex: live order book, 6 min ago; Binance: live order book, 15 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 Phemex live order book, 6 min ago | 1.05 bp | 27.0 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.32 bp | 12.0 bp −$12 | 30.9 bp −$309 | 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 | −0.0872% | 4h | 4.7410 | +0.063% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0616% | 1h | 4.7415 | +0.073% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0584% | 4h | 4.7366 | −0.030% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7371 | −0.019% | $33K | $4K | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0412% | 4h | 4.7392 | +0.025% | $25.7M | $63.8M | 50x | as long as short |
| Phemex LITUSDTlong | −0.0347% | 4h | 4.7380 | long leg | $1.4M | $2.7M | 20x | |
| Bullet LIT-USD | −0.0333% | 1h | 4.7405 | +0.052% | $85K | $80K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0208% | 4h | 4.7416 | +0.076% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.482% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0108% | 4h | 4.7364 | −0.034% | $900K | $1.8M | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
OKX LIT-USDT-SWAP
Bullet LIT-USD
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0050% | 1h | 4.7369 | −0.023% | $206K | $353K | 5x | as long as short |
| Bybit LITUSDT | −0.0043% | 4h | 4.7384 | +0.008% | $42.7M | $30.0M | 75x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7432 | +0.111% | $31K | $840K | 33x | as long as short |
| dYdX LIT-USD | +0.0001% | 1h | 4.7452 | +0.152% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7438 | +0.123% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7454 | +0.157% | $817K | $2.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0022% | 8h | 4.7398 | +0.038% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.393% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0083% | 4h | 4.7384 | +0.008% | $288K | $311K | 10x | as long as short |
| MEXC LIT_USDT | +0.0086% | 4h | 4.7380 | 0.000% | $5.5M | $4.1M | 100x | as long as short |
| Aevo LIT-PERP | +0.0088% | 1h | 4.7386 | +0.012% | $148K | $44K | 3x | as long as short |
| Binance LITUSDTshort | +0.0092% | 4h | 4.7368 | −0.025% | $75.5M | $81.6M | 75x | |
| Lighter LIT | +0.0096% | 1h | 4.7463 | +0.175% | $59.7M | $30.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7415 | +0.074% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7471 | +0.191% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7441 | +0.129% | $591K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7434 | +0.114% | $120K | $456K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7353 | −0.057% | $118K | $4K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7410 | +0.063% | $6.7M | $2.8M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7431 | +0.108% | $673K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7370 | −0.021% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7436 | +0.118% | $448K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7436 | +0.118% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7414 | +0.072% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7407 | +0.057% | $986 | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7451 | +0.150% | $190K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7376 | −0.008% | $5.2M | $5.1M | 25x | as long as short |
| Aftermath Perps LITUSD | +0.0167% | 1h | 4.7480 | +0.211% | $13K | $203K | 10x | as long as short |
| Lighter RH LIT | +0.0192% | 1h | 4.7479 | +0.209% | $3.7M | $13.9M | 5x | as long as short |
| Hyperliquid LIT | +0.0211% | 1h | 4.7469 | +0.188% | $212.9M | $44.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0328% | 4h | 4.7369 | −0.023% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7435 | +0.116% | $62K | — | 50x | as long as short |
Phoenix LIT
Bybit LITUSDT
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
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
Aftermath Perps LITUSD
Lighter RH LIT
Hyperliquid LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]