Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.064%
Price spread now: Perpl against Phoenix+0.125%61s7-day average −0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.125%, 7d avg −0.063%
=Together, before fees−0.196%+ Points / potential airdropPerpl: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Perpl is 0.188% dearer against Phoenix than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour. The two prices were read 61 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 | 4.7285 | −0.0050 | get 0.0006% / 1h | 9m 52s | $205K | $353K | 5x |
| Short | Perpl LIT | 4.7344 | 0 | get 0.0000% / 43m | 5m 52s | $31K | $853K | 33x |
Phoenix LIT
Perpl LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $10.58
- Price spread: +0.125% → −0.063%
- $18.79
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $8.57
- Costs to cover
- 0.208%
- Break-even
- 1.3 days
Slippage unknown: Phoenix: live order book, 66 min ago; Perpl: 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, 66 min ago | 1.91 bp | 16.1 bp −$16 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0820% | 4h | 4.7350 | +0.137% | $2.8M | $4.6M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0782% | 1h | 4.7322 | +0.079% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7243 | −0.089% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0543% | 4h | 4.7264 | −0.044% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0350% | 1h | 4.7314 | +0.062% | $85K | $78K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0339% | 4h | 4.7343 | +0.123% | $25.7M | $64.0M | 50x | as long as short |
| Phemex LITUSDT | −0.0304% | 4h | 4.7310 | +0.053% | $1.4M | $2.7M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0170% | 4h | 4.7343 | +0.123% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.684% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0068% | 4h | 4.7229 | −0.118% | $905K | $1.8M | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
OKX LIT-USDT-SWAP
Phemex LITUSDT
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LITlong | −0.0050% | 1h | 4.7285 | long leg | $205K | $353K | 5x | |
| Perpl LITshort | 0.0000% | 43m | 4.7344 | +0.125% | $31K | $853K | 33x | |
| dYdX LIT-USD | 0.0000% | 1h | 4.7373 | +0.186% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7362 | +0.163% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7354 | +0.147% | $819K | $2.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0031% | 8h | 4.7284 | −0.001% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.597% | $422 | $178K | 5.5x | as long as short |
| Bybit LITUSDT | +0.0043% | 4h | 4.7330 | +0.095% | $42.6M | $30.2M | 75x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7387 | +0.216% | $59.2M | $30.6M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7305 | +0.042% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7395 | +0.234% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7354 | +0.146% | $589K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7318 | +0.070% | $75.5M | $82.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7317 | +0.068% | $117K | $459K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7316 | +0.066% | $118K | $2K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7295 | +0.021% | $5.7M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7340 | +0.116% | $6.7M | $2.8M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7359 | +0.156% | $682K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7244 | −0.086% | $287K | $309K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7240 | −0.095% | $55K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7330 | +0.095% | $447K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7358 | +0.154% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7297 | +0.025% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7335 | +0.106% | $994 | $471K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7390 | +0.222% | $189K | $346K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7306 | +0.044% | $5.2M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7302 | +0.036% | $148K | $44K | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0187% | 1h | 4.7314 | +0.061% | $13K | $203K | 10x | as long as short |
| Lighter RH LIT | +0.0192% | 1h | 4.7409 | +0.262% | $3.7M | $14.0M | 5x | as long as short |
| Hyperliquid LIT | +0.0204% | 1h | 4.7417 | +0.279% | $212.6M | $45.1M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7232 | −0.112% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7341 | +0.119% | $62K | — | 50x | as long as short |
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
Bybit LITUSDT
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
Lighter RH LIT
Hyperliquid LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]