Funding you earn now, next payment 00:00 UTC+0.0197%/8h= +21.5% APRnext payment +$0.98 per $10,000 · paid last 24h −0.028%
Price spread now: OKX against Phemex−0.195%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 3 days (all we have)+0.238%+$24 · spread now −0.195%, 7d avg +0.032%
=Funding pays, the price is against you. OKX is 0.227% cheaper against Phemex than usual: you would sell low and buy high (spread −0.195% now, against its 7-day average of +0.032%). If the spread goes back, that is −$23 on $10k: about 3.9 days of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 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 | 4.7640 | −0.0510 | get 0.0255% / 4h | 2h 28m | $1.3M | $2.7M | 20x |
| Short | OKX LIT-USDT-SWAP | 4.7547 | −0.0313 | pay 0.0157% / 4h | 2h 28m | $25.0M | $61.8M | 50x |
Phemex LITUSDT
OKX LIT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $41.27
- Price spread: −0.195% → +0.032%
- −$22.74
- Slippage, 4 orders
- −$53.4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.86
- Costs to cover
- 0.754%
- Break-even
- 16.6 days
Slippage from Phemex: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 6.34 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.11 bp | 11.2 bp −$11 | 39.4 bp −$394 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0797% | 1h | 4.7693 | +0.110% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0692% | 4h | 4.7570 | −0.147% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0599% | 4h | 4.7616 | −0.050% | $33K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7496 | −0.302% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDTlong | −0.0510% | 4h | 4.7640 | long leg | $1.3M | $2.7M | 20x | |
| Backpack LIT_USDC_PERP | −0.0407% | 1h | 4.7674 | +0.071% | $670K | $1.5M | 5x | as long as short |
| Bullet LIT-USD | −0.0374% | 1h | 4.7626 | −0.029% | $86K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0313% | 4h | 4.7561 | −0.166% | $43.1M | $30.6M | 75x | as long as short |
| OKX LIT-USDT-SWAPshort | −0.0313% | 4h | 4.7547 | −0.195% | $25.0M | $61.8M | 50x | |
| KuCoin LITUSDTM | −0.0298% | 4h | 4.7600 | −0.084% | $5.3M | $1.1M | 30x | 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
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0292% | 4h | 4.7463 | −0.371% | $906K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.170% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7537 | −0.216% | $247K | $321K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0024% | 8h | 4.7532 | −0.226% | $6K | $2K | 5x | as long as short |
| Extended LIT-USD | −0.0024% | 1h | 4.7523 | −0.246% | $5.3M | $5.1M | 25x | as long as short |
| SoDEX LIT-USD | −0.0010% | 1h | 4.7687 | +0.099% | $1K | $487K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7598 | −0.088% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7715 | +0.158% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7584 | −0.118% | $818K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0030% | 1h | 4.7531 | −0.229% | $2.1M | $1.7M | 10x | as long as short |
| MEXC LIT_USDT | +0.0030% | 4h | 4.7542 | −0.206% | $5.8M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0030% | 4h | 4.7464 | −0.370% | $289K | $312K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.840% | $422 | $178K | 5.5x | as long as short |
| Binance LITUSDT | +0.0033% | 4h | 4.7541 | −0.208% | $75.2M | $81.2M | 75x | as long as short |
| Polymarket Perps LIT-USD | +0.0034% | 1h | 4.7551 | −0.187% | $449K | $105K | 10x | as long as short |
| Bulk LIT-USD | +0.0037% | 1h | 4.7479 | −0.337% | $119K | $6K | 10x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7680 | +0.085% | $149K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7644 | +0.008% | $59.7M | $30.0M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7625 | −0.031% | $211.5M | $45.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7641 | +0.002% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7605 | −0.073% | $583K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7552 | −0.185% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7580 | −0.126% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7490 | −0.315% | $56K | $77K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7726 | +0.181% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7700 | +0.126% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7582 | −0.122% | $190K | $329K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7564 | −0.160% | $31K | $838K | 33x | as long as short |
| BloFin LIT-USDT | +0.0127% | 4h | 4.7666 | +0.055% | $1.5M | $2.1M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0158% | 1h | 4.7456 | −0.387% | $12K | $199K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0359% / S −0.0155% | 1h | 4.7711 | +0.149% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0360% | 1h | 4.7660 | +0.042% | $3.7M | $14.2M | 5x | as long as short |
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
Phoenix LIT
Paradex LIT-USD-PERP
Extended LIT-USD
SoDEX LIT-USD
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Nado LIT-PERP
MEXC LIT_USDT
edgeX LITUSDC
Injective LIT/USDC PERP
Binance LITUSDT
Polymarket Perps LIT-USD
Bulk LIT-USD
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
Perpl LIT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Lighter RH LIT