Funding you earn now, next payment 23:00 UTC+0.0621%/8h= +68.0% APRpaid last 24h +0.035%
Price spread now: Polymarket Perps against Phemex−0.006%7-day average +0.030% · 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−$81as in the Price arb table
costs, in and out, $10k−$770.773% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)+0.178%+$18 · spread now −0.006%, 7d avg +0.030%
=Funding pays, the price is against you. Polymarket Perps is 0.036% cheaper against Phemex than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$19 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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 | 4.6930 | −0.0521 | get 0.0261% / 4h | 1h 22m | $1.3M | $2.7M | 20x |
| Short | Polymarket Perps LIT-USD | 4.6927 | 0.0100 | get 0.0013% / 1h | 22m 13s | $443K | $105K | 10x |
Phemex LITUSDT
Polymarket Perps LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $130.47
- Price spread: −0.006% → +0.030%
- −$3.6
- Slippage, 4 orders
- −$57.26
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $49.61
- Costs to cover
- 0.773%
- Break-even
- 4.3 days
Slippage from Phemex: live order book, 1 min ago; Polymarket Perps: live order book, 60 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, 1 min ago | 3.20 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 60 min ago | 2.31 bp | 12.5 bp −$12 | 35.7 bp −$357 | 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 | −0.1262% | 4h | 4.6960 | +0.064% | $2.8M | $4.5M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0825% | 1h | 4.7018 | +0.188% | $660K | $1.4M | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0768% | 1h | 4.6918 | −0.026% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0625% | 4h | 4.6885 | −0.096% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.6869 | −0.130% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDTlong | −0.0521% | 4h | 4.6930 | long leg | $1.3M | $2.7M | 20x | |
| OKX LIT-USDT-SWAP | −0.0463% | 4h | 4.6907 | −0.049% | $25.3M | $62.0M | 50x | as long as short |
| Bullet LIT-USD | −0.0328% | 1h | 4.6918 | −0.026% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0303% | 4h | 4.6930 | 0.000% | $42.4M | $30.1M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0282% | 4h | 4.6941 | +0.023% | $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 | −0.0201% | 1h | 4.7036 | +0.225% | $10K | $201K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0162% | 4h | 4.7040 | +0.234% | $899K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7197 | +0.569% | $668K | $398K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.6965 | +0.076% | $783K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0052% | 1h | 4.6929 | −0.001% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.7054 | +0.264% | $243K | $327K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7004 | +0.157% | $34K | — | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0001% | 8h | 4.6927 | −0.006% | $6K | $2K | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.6988 | +0.123% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.365% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0056% | 4h | 4.7028 | +0.208% | $286K | $310K | 10x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.6896 | −0.072% | $5.5M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0057% | 4h | 4.6890 | −0.085% | $74.4M | $80.8M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.6914 | −0.035% | $147K | $44K | 3x | as long as short |
| SoDEX LIT-USD | +0.0095% | 1h | 4.6925 | −0.011% | $990 | $464K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6986 | +0.119% | $59.2M | $29.7M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7006 | +0.162% | $209.7M | $44.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.6983 | +0.114% | $12.6M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6996 | +0.141% | $578K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6945 | +0.032% | $117K | $450K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6948 | +0.039% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6950 | +0.043% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7050 | +0.256% | $55K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USDshort | +0.0100% | 1h | 4.6927 | −0.006% | $443K | $105K | 10x | |
| Derive LIT-PERP | +0.0100% | 1h | 4.6966 | +0.076% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6926 | −0.009% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7116 | +0.396% | $188K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6895 | −0.074% | $5.2M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0216% | 1h | 4.7013 | +0.177% | $3.7M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0227% | 4h | 4.6923 | −0.015% | $1.5M | $2.0M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6955 | +0.054% | $31K | $839K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0374% / S −0.0169% | 1h | 4.6993 | +0.134% | $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
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
SoDEX LIT-USD
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
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]