Funding you earn now, next payment 20:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.001%
Price spread now: Injective against Phoenix+0.761%7-day average −10.845% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 3 days (all we have)−15.992%−$1,599 · spread now +0.761%, 7d avg −10.845%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 11.606% dearer against Phoenix than usual: you sell high and buy low: +$1,161 more if the spread goes back to its 7-day average of −10.845%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.
| 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 | 57m 00s | $246K | $321K | 5x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 57m 00s | $422 | $178K | 5.5x |
Phoenix LIT
Injective LIT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $20.97
- Price spread: +0.761% → −10.845%
- $1,160.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,174.55
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 28 min ago; Injective: no order-book sample. Net counts fees only.
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, 28 min ago | 2.07 bp | 16.1 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0752% | 1h | 4.7457 | −0.461% | $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 | −0.0324% | 4h | 4.7529 | −0.310% | $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 | 4.7535 | −0.298% | $25.2M | $60.8M | 50x | as long as short |
| Gate LIT_USDT | −0.0268% | 4h | 4.7530 | −0.308% | $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 | −0.0241% | 4h | 4.7540 | −0.287% | $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-USD | −0.0032% | 1h | 4.7525 | −0.319% | $5.3M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0020% | 8h | 4.7502 | −0.367% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7560 | −0.245% | $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 | 4.7573 | −0.218% | $817K | $2.0M | 5x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +0.761% | $422 | $178K | 5.5x | |
| Binance LITUSDT | +0.0056% | 4h | 4.7513 | −0.344% | $75.1M | $80.7M | 75x | as long as short |
| MEXC LIT_USDT | +0.0058% | 4h | 4.7475 | −0.424% | $6.0M | $4.2M | 100x | 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 | 4.7548 | −0.271% | $211.3M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7568 | −0.229% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7578 | −0.208% | $597K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7551 | −0.264% | $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 |
| Aftermath Perps LITUSD | +0.0151% | 1h | 4.7757 | +0.168% | $11K | $198K | 10x | as long as short |
| Lighter LIT | +0.0152% | 1h | 4.7585 | −0.193% | $59.7M | $29.5M | 5x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7596 | −0.170% | $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
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Binance LITUSDT
MEXC LIT_USDT
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
Aftermath Perps LITUSD
Lighter LIT
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]