Funding you earn now, next payment 00:00 UTC+0.0477%/8h= +52.2% APRnext payment +$2.38 per $10,000 · paid last 24h +0.060%
Price spread now: Bitget against Phemex+0.211%46s7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as 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−$1011.013% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.211%, 7d avg +0.076%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bitget is 0.135% dearer against Phemex than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.076%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.38 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 | 4.7360 | −0.0377 | get 0.0188% / 4h | 32m 36s | $1.4M | $2.7M | 20x |
| Short | Bitget LITUSDT | 4.7460 | 0.0100 | get 0.0050% / 4h | 32m 36s | $6.7M | $2.8M | 20x |
Phemex LITUSDT
Bitget LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $100.08
- Price spread: +0.211% → +0.076%
- $13.48
- Slippage, 4 orders
- −$77.28
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $12.28
- Costs to cover
- 1.013%
- Break-even
- 6.1 days
Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 6 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 | 3.16 bp | 25.9 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 2.11 bp | 19.1 bp −$19 | 88.8 bp −$888 | 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 | −0.0892% | 4h | 4.7490 | +0.274% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0851% | 1h | 4.7365 | +0.010% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0594% | 4h | 4.7316 | −0.093% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7396 | +0.076% | $33K | $4K | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0427% | 4h | 4.7439 | +0.167% | $25.7M | $63.8M | 50x | as long as short |
| Phemex LITUSDTlong | −0.0377% | 4h | 4.7360 | long leg | $1.4M | $2.7M | 20x | |
| Bullet LIT-USD | −0.0332% | 1h | 4.7375 | +0.032% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0216% | 4h | 4.7480 | +0.253% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.524% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0114% | 4h | 4.7550 | +0.401% | $904K | $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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0067% | 4h | 4.7440 | +0.169% | $42.8M | $30.0M | 75x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7501 | +0.298% | $206K | $353K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7494 | +0.283% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7428 | +0.144% | $31K | $840K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7416 | +0.119% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7496 | +0.286% | $817K | $2.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0019% | 8h | 4.7440 | +0.169% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.436% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0079% | 4h | 4.7460 | +0.211% | $289K | $310K | 10x | as long as short |
| MEXC LIT_USDT | +0.0082% | 4h | 4.7438 | +0.165% | $5.6M | $4.1M | 100x | as long as short |
| Binance LITUSDT | +0.0084% | 4h | 4.7422 | +0.130% | $75.6M | $81.4M | 75x | as long as short |
| Aevo LIT-PERP | +0.0088% | 1h | 4.7349 | −0.023% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7536 | +0.372% | $59.8M | $29.9M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7455 | +0.201% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7491 | +0.276% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7493 | +0.281% | $591K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7461 | +0.213% | $120K | $456K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7635 | +0.581% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDTshort | +0.0100% | 4h | 4.7460 | +0.211% | $6.7M | $2.8M | 20x | |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7454 | +0.198% | $674K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7490 | +0.274% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7446 | +0.182% | $448K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7399 | +0.083% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7362 | +0.004% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7380 | +0.042% | $987 | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7480 | +0.253% | $190K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7447 | +0.183% | $5.2M | $5.1M | 25x | as long as short |
| Aftermath Perps LITUSD | +0.0116% | 1h | 4.7557 | +0.415% | $13K | $203K | 10x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7549 | +0.399% | $3.7M | $13.9M | 5x | as long as short |
| Hyperliquid LIT | +0.0212% | 1h | 4.7543 | +0.386% | $213.2M | $44.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0323% | 4h | 4.7387 | +0.057% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7401 | +0.087% | $62K | — | 50x | as long as short |
Bybit LITUSDT
Phoenix LIT
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
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]