Funding you earn now, next payment 00:00 UTC+0.0243%/8h= +26.6% APRnext payment +$1.21 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against Phemex+0.008%53s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as 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−$1041.036% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)+0.148%+$15 · spread now +0.008%, 7d avg +0.034%
=Funding pays, the price is against you. Bybit is 0.026% cheaper against Phemex than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.061% in total) that is about 2.9 days. The two prices were read 53 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 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 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 | 4.7390 | −0.0449 | get 0.0225% / 4h | 2h 50m | $1.3M | $2.7M | 20x |
| Short | Bybit LITUSDT | 4.7394 | −0.0206 | pay 0.0103% / 4h | 2h 50m | $42.8M | $30.2M | 75x |
Phemex LITUSDT
Bybit LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $51.03
- Price spread: +0.008% → +0.034%
- −$2.56
- Slippage, 4 orders
- −$80.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.16
- Costs to cover
- 1.036%
- Break-even
- 14.6 days
Slippage from Phemex: live order book, 3 min ago; Bybit: 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 Phemex live order book, 3 min ago | 6.33 bp | 31.5 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.05 bp | 20.1 bp −$20 | 48.3 bp −$483 | 329.1 bp −$32.9K | 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 | −0.1161% | 1h | 4.7413 | +0.049% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0664% | 1h | 4.7321 | −0.146% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0572% | 4h | 4.7345 | −0.095% | $32K | $2K | 10x | as long as short |
| Backpack LIT_USDC_PERP | −0.0567% | 1h | 4.7448 | +0.122% | $666K | $1.5M | 5x | as long as short |
| Gate LIT_USDT | −0.0458% | 4h | 4.7400 | +0.021% | $2.8M | $4.5M | 50x | as long as short |
| Phemex LITUSDTlong | −0.0449% | 4h | 4.7390 | long leg | $1.3M | $2.7M | 20x | |
| KuCoin LITUSDTM | −0.0326% | 4h | 4.7443 | +0.112% | $5.3M | $1.1M | 30x | as long as short |
| Bullet LIT-USD | −0.0313% | 1h | 4.7393 | +0.007% | $85K | $81K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0301% | 4h | 4.7395 | +0.011% | $25.1M | $60.7M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0260% | 4h | 4.7480 | +0.190% | $895K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Backpack LIT_USDC_PERP
Gate LIT_USDT
KuCoin LITUSDTM
Bullet LIT-USD
OKX LIT-USDT-SWAP
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LIT-PERP | −0.0212% | 1h | 4.7406 | +0.035% | $2.1M | $1.7M | 10x | as long as short |
| Bybit LITUSDTshort | −0.0206% | 4h | 4.7394 | +0.008% | $42.8M | $30.2M | 75x | |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +2.241% | $668K | $408K | 50x | as long as short |
| Extended LIT-USD | −0.0080% | 1h | 4.7396 | +0.013% | $5.2M | $5.1M | 25x | as long as short |
| SoDEX LIT-USD | −0.0063% | 1h | 4.7415 | +0.053% | $982 | $474K | 5x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7466 | +0.160% | $246K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0017% | 8h | 4.7368 | −0.047% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7460 | +0.148% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7444 | +0.114% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7431 | +0.087% | $814K | $2.0M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.372% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0050% | 4h | 4.7368 | −0.046% | $5.9M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0051% | 4h | 4.7374 | −0.034% | $74.9M | $80.6M | 75x | as long as short |
| edgeX LITUSDC | +0.0053% | 4h | 4.7455 | +0.138% | $289K | $311K | 10x | as long as short |
| Aevo LIT-PERP | +0.0064% | 1h | 4.7364 | −0.054% | $148K | $44K | 3x | as long as short |
| Polymarket Perps LIT-USD | +0.0066% | 1h | 4.7418 | +0.059% | $448K | $104K | 10x | as long as short |
| Bulk LIT-USD | +0.0077% | 1h | 4.7397 | +0.015% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7436 | +0.097% | $210.8M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7464 | +0.156% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7446 | +0.118% | $595K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7397 | +0.015% | $118K | $444K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7400 | +0.021% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7440 | +0.106% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7439 | +0.103% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7432 | +0.089% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7468 | +0.165% | $189K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7450 | +0.127% | $31K | $842K | 33x | as long as short |
| Lighter LIT | +0.0112% | 1h | 4.7502 | +0.236% | $59.6M | $29.6M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0199% | 1h | 4.7541 | +0.319% | $11K | $198K | 10x | as long as short |
| BloFin LIT-USDT | +0.0203% | 4h | 4.7398 | +0.017% | $1.5M | $2.0M | 75x | as long as short |
| Lighter RH LIT | +0.0264% | 1h | 4.7512 | +0.257% | $3.7M | $14.0M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0388% / S −0.0190% | 1h | 4.7433 | +0.092% | $59K | — | 50x | as long as short |
Nado LIT-PERP
Coinbase International LIT-PERP-INTX
Extended LIT-USD
SoDEX LIT-USD
Phoenix LIT
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
Polymarket Perps LIT-USD
Bulk LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
Lighter LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]