Funding you earn now, next payment 23:00 UTC+0.0553%/8h= +60.5% APRpaid last 24h +0.040%
Price spread now: Injective against Phemex+2.343%7-day average −10.392% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 3 days (all we have)−17.553%−$1,755 · spread now +2.343%, 7d avg −10.392%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Injective is 12.735% dearer against Phemex than usual: you sell high and buy low: +$1,274 more if the spread goes back to its 7-day average of −10.392%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% 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 | Phemex LITUSDT | 4.6940 | −0.0519 | get 0.0260% / 4h | 1h 22m | $1.3M | $2.7M | 20x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 22m 47s | $422 | $178K | 5.5x |
Phemex LITUSDT
Injective LIT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $116.09
- Price spread: +2.343% → −10.392%
- $1,273.54
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,377.61
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 6 min ago; Injective: no order-book sample. 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 Phemex live order book, 6 min ago | 4.25 bp | 30.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1242% | 4h | 4.7000 | +0.128% | $2.8M | $4.5M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0825% | 1h | 4.7018 | +0.166% | $660K | $1.4M | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0767% | 1h | 4.6966 | +0.056% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0624% | 4h | 4.6906 | −0.072% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.6930 | −0.021% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDTlong | −0.0519% | 4h | 4.6940 | long leg | $1.3M | $2.7M | 20x | |
| OKX LIT-USDT-SWAP | −0.0459% | 4h | 4.6918 | −0.047% | $25.3M | $62.0M | 50x | as long as short |
| Bullet LIT-USD | −0.0326% | 1h | 4.6944 | +0.008% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0303% | 4h | 4.6960 | +0.043% | $42.4M | $30.1M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0280% | 4h | 4.6953 | +0.028% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Backpack LIT_USDC_PERP
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0208% | 1h | 4.7061 | +0.257% | $10K | $201K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0162% | 4h | 4.7040 | +0.213% | $899K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7197 | +0.548% | $668K | $398K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7016 | +0.163% | $783K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0051% | 1h | 4.6950 | +0.021% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7054 | +0.243% | $243K | $327K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7004 | +0.136% | $34K | — | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0001% | 8h | 4.6952 | +0.025% | $6K | $2K | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7012 | +0.152% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +2.343% | $422 | $178K | 5.5x | |
| edgeX LITUSDC | +0.0056% | 4h | 4.7028 | +0.186% | $286K | $310K | 10x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.6952 | +0.026% | $5.5M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0057% | 4h | 4.6923 | −0.036% | $74.5M | $80.8M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.6970 | +0.063% | $147K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7023 | +0.177% | $59.2M | $29.6M | 5x | as long as short |
| SoDEX LIT-USD | +0.0096% | 1h | 4.6975 | +0.075% | $996 | $464K | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7031 | +0.194% | $209.8M | $44.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7024 | +0.178% | $12.6M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6988 | +0.101% | $578K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6987 | +0.100% | $117K | $450K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6948 | +0.018% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6980 | +0.085% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7050 | +0.234% | $55K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6958 | +0.038% | $444K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7009 | +0.147% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6964 | +0.051% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7116 | +0.375% | $188K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6946 | +0.013% | $5.2M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0216% | 1h | 4.7023 | +0.177% | $3.6M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0227% | 4h | 4.6923 | −0.036% | $1.5M | $2.0M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7006 | +0.140% | $31K | $839K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0375% / S −0.0169% | 1h | 4.6999 | +0.126% | $62K | — | 50x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Phoenix LIT
dYdX LIT-USD
Paradex LIT-USD-PERP
gTrade (Gains Network) LIT/USD
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
SoDEX LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]