LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.027%

Price spread now: Bulk against Phoenix+0.166%51s7-day average −0.102% · 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−$440.443% of the position

Long on Phoenix Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−1.794%−$179 · spread now +0.166%, 7d avg −0.102%

Together, before fees−1.831%−$183 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.268% dearer against Phoenix than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.102%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.6728	−0.0085	get 0.0011% / 1h	44m 12s	$201K	$341K	5x
Short	Bulk LIT-USD	4.6805	0.0089	get 0.0011% / 1h	44m 12s	$117K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.166%Rate

Funding earned: $36.56
Price spread: +0.166% → −0.102%: $26.81
Slippage, 4 orders: −$30.28
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $19.1
Costs to cover: 0.443%
Break-even: 3.3 days

Slippage from Phoenix: live order book, 17 min ago; Bulk: live order book, 20 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, 17 min ago	1.91 bp	16.1 bp −$16	57.9 bp −$579	doesn't fit	doesn't fit
Sell Bulk live order book, 20 min ago	0.11 bp	4.9 bp −$5	11.9 bp −$119	43.1 bp −$4,308	110.7 bp −$55.3K

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
Orderly PERP_LIT_USDC	−0.0396%	4h	4.6783	+0.118%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0340%	1h	4.6816	+0.189%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.6796	+0.146%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0177%	1h	4.6851	+0.262%	$41K	$40K	10x	as long as short
ApeX Omni LITUSDT	−0.0160%	1h	4.6710	−0.039%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0094%	4h	4.6830	+0.218%	$2.7M	$4.2M	50x	as long as short
Phoenix LITlong	−0.0085%	1h	4.6728	long leg	$201K	$341K	5x
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	+0.154%	$657K	$372K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.6843	+0.246%	$25.3M	$61.6M	50x	as long as short
KuCoin LITUSDTM	−0.0018%	4h	4.6789	+0.131%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0016%	4h	4.6690	−0.082%	$905K	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0006%	4h	4.6780	+0.111%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6868	+0.300%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0011%	1h	4.6859	+0.280%	$679K	$1.4M	5x	as long as short
dYdX LIT-USD	+0.0016%	1h	4.6811	+0.178%	$34K	—	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.808%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0064%	8h	4.6780	+0.111%	$7K	$2K	5x	as long as short
Bulk LIT-USDshort	+0.0089%	1h	4.6805	+0.166%	$117K	$2K	10x
Lighter LIT	+0.0096%	1h	4.6873	+0.310%	$58.5M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6829	+0.216%	$781K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6790	+0.133%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6876	+0.316%	$209.4M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6831	+0.221%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6809	+0.173%	$74.4M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6820	+0.197%	$41.5M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6800	+0.154%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6803	+0.161%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6850	+0.261%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6665	−0.136%	$284K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6823	+0.203%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6870	+0.305%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6808	+0.171%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6835	+0.229%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6874	+0.312%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6823	+0.202%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6822	+0.202%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0128%	1h	4.6899	+0.366%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0169%	4h	4.6874	+0.312%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0260%	1h	4.6804	+0.163%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6784	+0.120%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6861	+0.285%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6831	+0.221%	$31K	$828K	33x	as long as short