Funding you earn now, next payment 22:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.024%
Price spread now: MEXC against Phoenix+0.146%77s7-day average −0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$390.395% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)−1.134%−$113 · spread now +0.146%, 7d avg −0.165%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.312% dearer against Phoenix than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.165%. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour. The two prices were read 77 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 | 4.7829 | −0.0034 | get 0.0004% / 1h | 56m 15s | $208K | $353K | 5x |
| Short | MEXC LIT_USDT | 4.7899 | 0.0060 | get 0.0030% / 4h | 56m 15s | $5.7M | $4.1M | 100x |
Phoenix LIT
MEXC LIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $19.71
- Price spread: +0.146% → −0.165%
- $31.19
- Slippage, 4 orders
- −$28.47
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $11.43
- Costs to cover
- 0.395%
- Break-even
- 2.9 days
Slippage from Phoenix: live order book, 20 min ago; MEXC: live order book, 6 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, 20 min ago | 1.91 bp | 16.1 bp −$16 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 0.10 bp | 3.9 bp −$4 | 55.1 bp −$551 | 282.3 bp −$28.2K | 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 | −0.1052% | 4h | 4.7930 | +0.211% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0707% | 1h | 4.7903 | +0.154% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0621% | 4h | 4.7855 | +0.054% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0478% | 4h | 4.7910 | +0.169% | $1.4M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0453% | 4h | 4.7912 | +0.174% | $26.0M | $64.3M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0416% | 1h | 4.7888 | +0.123% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0331% | 1h | 4.7913 | +0.175% | $86K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0238% | 4h | 4.7906 | +0.161% | $5.3M | $1.1M | 30x | as long as short |
| Bybit LITUSDT | −0.0202% | 4h | 4.7913 | +0.176% | $43.2M | $30.1M | 75x | as long as short |
| Aftermath Perps LITUSD | −0.0122% | 1h | 4.7737 | −0.192% | $13K | $203K | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Phemex LITUSDT
OKX LIT-USDT-SWAP
01 Exchange LITUSD
Bullet LIT-USD
KuCoin LITUSDTM
Bybit LITUSDT
Aftermath Perps LITUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | −0.0120% | 4h | 4.7610 | −0.458% | $907K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7929 | +0.210% | $678K | $405K | 50x | as long as short |
| Phoenix LITlong | −0.0034% | 1h | 4.7829 | long leg | $208K | $353K | 5x | |
| dYdX LIT-USD | 0.0000% | 1h | 4.7913 | +0.175% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7923 | +0.197% | $32K | $840K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7952 | +0.257% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0006% | 8h | 4.7871 | +0.088% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7938 | +0.228% | $823K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.441% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDTshort | +0.0060% | 4h | 4.7899 | +0.146% | $5.7M | $4.1M | 100x | |
| edgeX LITUSDC | +0.0061% | 4h | 4.7594 | −0.492% | $290K | $309K | 10x | as long as short |
| Binance LITUSDT | +0.0063% | 4h | 4.7897 | +0.142% | $76.2M | $81.3M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7890 | +0.129% | $150K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7983 | +0.322% | $60.4M | $29.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7907 | +0.162% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7988 | +0.332% | $12.8M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7924 | +0.198% | $621K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7935 | +0.222% | $119K | $452K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7566 | −0.550% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7940 | +0.232% | $6.8M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7957 | +0.268% | $674K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7730 | −0.207% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7936 | +0.224% | $453K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7950 | +0.253% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7919 | +0.188% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7920 | +0.190% | $1K | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7814 | −0.031% | $191K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7908 | +0.165% | $5.3M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0112% | 1h | 4.7992 | +0.341% | $3.7M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0248% | 4h | 4.7802 | −0.056% | $1.6M | $2.1M | 75x | as long as short |
| Hyperliquid LIT | +0.0300% | 1h | 4.8017 | +0.393% | $215.2M | $44.8M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0379% / S −0.0169% | 1h | 4.7954 | +0.260% | $63K | — | 50x | as long as short |
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Injective LIT/USDC PERP
edgeX LITUSDC
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
Hyperliquid LIT
GMX LIT/USD [ETH-USDC]