LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0202%/8h= +22.1% APRnext payment +$0.25 per $10,000 · paid last 24h +0.027%

Price spread now: Arcus against Phoenix+0.568%49s7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.471% of the position

Long on Phoenix Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−3.921%−$392 · spread now +0.568%, 7d avg −0.109%

Together, before fees−3.930%−$393 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Arcus is 0.677% dearer against Phoenix than usual: you sell high and buy low: +$68 more if the spread goes back to its 7-day average of −0.109%. The two prices were read 49 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 3 days it paid -0.009% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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	Phoenix LIT	4.6823	−0.0102	get 0.0013% / 1h	31m 50s	$202K	$352K	5x
Short	Arcus LIT-USD	4.7089	0.0100	get 0.0013% / 1h	31m 50s	$116K	$448K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee ArcusbpOrdersPrice spread, now +0.568%Rate

Funding earned: $42.42
Price spread: +0.568% → −0.109%: $67.67
Slippage, 4 orders: −$35.64
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $62.95
Costs to cover: 0.471%
Break-even: from the start

Slippage from Phoenix: live order book, 34 min ago; Arcus: live order book, 37 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 Phoenix live order book, 34 min ago	2.10 bp	16.0 bp −$16	57.9 bp −$579	doesn't fit	doesn't fit
Sell Arcus live order book, 37 min ago	4.82 bp	7.5 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit

LIT on 41 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
01 Exchange LITUSD	−0.0608%	1h	4.7026	+0.434%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0540%	1h	4.7077	+0.543%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7014	+0.408%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0439%	1h	4.7060	+0.507%	$84K	$73K	20x	as long as short
Gate LIT_USDT	−0.0204%	4h	4.7080	+0.549%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0157%	4h	4.7049	+0.483%	$25.5M	$63.7M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7080	+0.549%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0136%	4h	4.7050	+0.485%	$904K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7030	+0.442%	$56K	$77K	50x	as long as short
Phoenix LITlong	−0.0102%	1h	4.6823	long leg	$202K	$352K	5x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.824%	$668K	$387K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0076%	1h	4.7076	+0.540%	$679K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7102	+0.597%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7105	+0.603%	$471	—	150x	as long as short
Phemex LITUSDT	+0.0015%	4h	4.7050	+0.485%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	+0.189%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.599%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0035%	8h	4.7032	+0.447%	$7K	$2K	5x	as long as short
SoDEX LIT-USD	+0.0076%	1h	4.7078	+0.545%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7133	+0.662%	$788K	$2.0M	5x	as long as short
Bybit LITUSDT	+0.0094%	4h	4.7022	+0.425%	$42.2M	$29.7M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7108	+0.609%	$59.0M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7122	+0.639%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7075	+0.538%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7113	+0.619%	$210.8M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7123	+0.641%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7082	+0.553%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7007	+0.393%	$75.0M	$80.7M	75x	as long as short
Arcus LIT-USDshort	+0.0100%	1h	4.7089	+0.568%	$116K	$448K	5x
MEXC LIT_USDT	+0.0100%	4h	4.7021	+0.423%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	+0.549%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6972	+0.318%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7086	+0.562%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7121	+0.636%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7118	+0.630%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7215	+0.837%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7028	+0.437%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7051	+0.486%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0291%	1h	4.7012	+0.404%	$9K	$212K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0198%	1h	4.7093	+0.577%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7112	+0.617%	$31K	$862K	33x	as long as short