Funding you earn now, next payment 22:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.064%
Price spread now: OKX against Phoenix−0.011%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 3 days (all we have)−0.973%−$97 · spread now −0.011%, 7d avg −0.159%
=The price spread pays, funding is against you. OKX is 0.148% dearer against Phoenix than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.159%): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.256% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.256% in total (about -13.3% a year). A funding rate is set anew for every payment. 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 | 4.7125 | −0.0034 | get 0.0004% / 1h | 43m 15s | $245K | $327K | 5x |
| Short | OKX LIT-USDT-SWAP | 4.7120 | −0.0422 | pay 0.0211% / 4h | 1h 43m | $25.2M | $62.1M | 50x |
Phoenix LIT
OKX LIT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$81.42
- Price spread: −0.011% → −0.159%
- $14.82
- Slippage, 4 orders
- −$34.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$118.26
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 37 min ago; OKX: 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, 37 min ago | 2.10 bp | 16.1 bp −$16 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.11 bp | 10.2 bp −$10 | 29.7 bp −$297 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0968% | 4h | 4.7180 | +0.117% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0869% | 1h | 4.7150 | +0.053% | $41K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERP | −0.0664% | 1h | 4.7166 | +0.087% | $662K | $1.4M | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0631% | 4h | 4.7093 | −0.068% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7122 | −0.006% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0540% | 4h | 4.7140 | +0.032% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAPshort | −0.0422% | 4h | 4.7120 | −0.011% | $25.2M | $62.1M | 50x | |
| Bullet LIT-USD | −0.0350% | 1h | 4.7135 | +0.021% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0312% | 4h | 4.7153 | +0.059% | $42.6M | $30.5M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0290% | 4h | 4.7201 | +0.161% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Backpack LIT_USDC_PERP
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0215% | 1h | 4.7154 | +0.060% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0200% | 4h | 4.7104 | −0.046% | $899K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +1.265% | $660K | $388K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7200 | +0.159% | $786K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0058% | 1h | 4.7168 | +0.090% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LITlong | −0.0034% | 1h | 4.7125 | long leg | $245K | $327K | 5x | |
| Paradex LIT-USD-PERP | −0.0002% | 8h | 4.7154 | +0.062% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7235 | +0.233% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7202 | +0.164% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.942% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0054% | 4h | 4.7135 | +0.021% | $5.6M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0054% | 4h | 4.7112 | −0.028% | $287K | $312K | 10x | as long as short |
| Binance LITUSDT | +0.0055% | 4h | 4.7153 | +0.059% | $74.8M | $81.1M | 75x | as long as short |
| SoDEX LIT-USD | +0.0058% | 1h | 4.7145 | +0.042% | $1K | $467K | 5x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7136 | +0.023% | $147K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7231 | +0.225% | $59.4M | $29.4M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7242 | +0.248% | $210.6M | $44.8M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7223 | +0.208% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7225 | +0.213% | $581K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7182 | +0.121% | $116K | $447K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7055 | −0.149% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7200 | +0.159% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | +0.011% | $55K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7189 | +0.136% | $446K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7193 | +0.144% | $2K | $729 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7186 | +0.129% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7222 | +0.206% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7128 | +0.006% | $5.2M | $5.1M | 25x | as long as short |
| BloFin LIT-USDT | +0.0219% | 4h | 4.7141 | +0.034% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7193 | +0.144% | $32K | $838K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0356% / S −0.0155% | 1h | 4.7194 | +0.147% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0384% | 1h | 4.7248 | +0.261% | $3.7M | $13.5M | 5x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
MEXC LIT_USDT
edgeX LITUSDC
Binance LITUSDT
SoDEX LIT-USD
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT