Funding you earn now, next payment 20:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.021%
Price spread now: Extended against Phoenix−0.361%48s7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 3 days (all we have)−1.326%−$133 · spread now −0.361%, 7d avg −0.194%
=Together, before fees−1.290%+ Points / potential airdropExtended: Active · farm board−$129 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.167% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.361% now, against its 7-day average of −0.194%). If the spread goes back, that is −$17 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.035% in total) that is about 33 days. The two prices were read 48 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 | 4.7677 | −0.0067 | get 0.0008% / 1h | 56m 44s | $246K | $321K | 5x |
| Short | Extended LIT-USD | 4.7505 | −0.0032 | pay 0.0004% / 1h | 56m 44s | $5.3M | $5.2M | 25x |
Phoenix LIT
Extended LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. 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
- $7.25
- Price spread: −0.361% → −0.194%
- −$16.69
- Slippage, 4 orders
- −$29.82
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$51.26
- Costs to cover
- 0.418%
- Break-even
- 56.5 days
Slippage from Phoenix: live order book, 29 min ago; Extended: live order book, 2 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, 29 min ago | 2.07 bp | 16.1 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.10 bp | 4.2 bp −$4 | 29.4 bp −$294 | 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 | −0.0827% | 1h | 4.7501 | −0.369% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0744% | 1h | 4.7443 | −0.491% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0563% | 4h | 4.7435 | −0.508% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0505% | 4h | 4.7470 | −0.434% | $1.3M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | −0.0483% | 1h | 4.7528 | −0.313% | $667K | $1.5M | 5x | as long as short |
| Bullet LIT-USD | −0.0378% | 1h | 4.7506 | −0.359% | $86K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0326% | 4h | 4.7510 | −0.350% | $5.3M | $1.1M | 30x | as long as short |
| SoDEX LIT-USD | −0.0323% | 1h | 4.7490 | −0.392% | $986 | $474K | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0289% | 4h | 4.7522 | −0.325% | $25.2M | $60.7M | 50x | as long as short |
| Gate LIT_USDT | −0.0270% | 4h | 4.7510 | −0.350% | $2.8M | $4.5M | 50x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Phemex LITUSDT
Backpack LIT_USDC_PERP
Bullet LIT-USD
KuCoin LITUSDTM
SoDEX LIT-USD
OKX LIT-USDT-SWAP
Gate LIT_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0262% | 4h | 4.7620 | −0.120% | $902K | $1.9M | 10x | as long as short |
| Bybit LITUSDT | −0.0238% | 4h | 4.7550 | −0.266% | $43.0M | $30.1M | 75x | as long as short |
| ApeX Omni LITUSDT | −0.0230% | 1h | 4.7610 | −0.141% | $56K | $78K | 50x | as long as short |
| Nado LIT-PERP | −0.0209% | 1h | 4.7510 | −0.350% | $2.1M | $1.7M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.8452 | +1.626% | $668K | $408K | 50x | as long as short |
| Polymarket Perps LIT-USD | −0.0128% | 1h | 4.7536 | −0.296% | $449K | $104K | 10x | as long as short |
| Phoenix LITlong | −0.0067% | 1h | 4.7677 | long leg | $246K | $321K | 5x | |
| Extended LIT-USDshort | −0.0032% | 1h | 4.7505 | −0.361% | $5.3M | $5.2M | 25x | |
| Paradex LIT-USD-PERP | −0.0019% | 8h | 4.7489 | −0.393% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7600 | −0.162% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7539 | −0.290% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7548 | −0.271% | $816K | $2.0M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.761% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7514 | −0.342% | $6.0M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0056% | 4h | 4.7518 | −0.333% | $75.1M | $80.6M | 75x | as long as short |
| edgeX LITUSDC | +0.0066% | 4h | 4.7648 | −0.060% | $290K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7488 | −0.397% | $149K | $44K | 3x | as long as short |
| Bulk LIT-USD | +0.0088% | 1h | 4.7627 | −0.105% | $119K | $7K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7567 | −0.231% | $211.3M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7580 | −0.203% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7571 | −0.222% | $597K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7513 | −0.344% | $118K | $449K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7540 | −0.287% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7547 | −0.273% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7510 | −0.350% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7680 | +0.006% | $190K | $331K | 30x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7562 | −0.242% | $31K | $843K | 33x | as long as short |
| Lighter LIT | +0.0128% | 1h | 4.7604 | −0.153% | $59.7M | $29.5M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0151% | 1h | 4.7757 | +0.168% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0168% | 1h | 4.7614 | −0.132% | $3.7M | $14.0M | 5x | as long as short |
| BloFin LIT-USDT | +0.0224% | 4h | 4.7493 | −0.386% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0389% / S −0.0190% | 1h | 4.7536 | −0.295% | $60K | — | 50x | as long as short |
GRVT LIT_USDT_Perp
Bybit LITUSDT
ApeX Omni LITUSDT
Nado LIT-PERP
Coinbase International LIT-PERP-INTX
Polymarket Perps LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
Bulk LIT-USD
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Perpl LIT
Lighter LIT
Aftermath Perps LITUSD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]