Funding you earn now, next payment 20:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.003%
Price spread now: Polymarket Perps against Phoenix−0.333%59s7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as 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−$580.577% of the position
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 3 days (all we have)+0.401%+$40 · spread now −0.333%, 7d avg −0.116%
=Funding pays, the price is against you. Polymarket Perps is 0.218% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.333% now, against its 7-day average of −0.116%). If the spread goes back, that is −$22 on $10k: about 25 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.241%, so the current rate has only just turned in your favour. The two prices were read 59 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 | 55m 38s | $246K | $321K | 5x |
| Short | Polymarket Perps LIT-USD | 4.7518 | −0.0038 | pay 0.0005% / 1h | 55m 38s | $449K | $104K | 10x |
Phoenix LIT
Polymarket Perps LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $6.04
- Price spread: −0.333% → −0.116%
- −$21.77
- Slippage, 4 orders
- −$42.75
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$73.48
- Costs to cover
- 0.577%
- Break-even
- 92.2 days
Slippage from Phoenix: live order book, 30 min ago; Polymarket Perps: live order book, 31 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, 30 min ago | 2.07 bp | 16.1 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 31 min ago | 4.24 bp | 9.5 bp −$9 | 66.0 bp −$660 | 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 | −0.0855% | 1h | 4.7472 | −0.431% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0728% | 1h | 4.7407 | −0.566% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0563% | 4h | 4.7428 | −0.522% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0470% | 4h | 4.7450 | −0.476% | $1.3M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | −0.0457% | 1h | 4.7496 | −0.380% | $667K | $1.5M | 5x | as long as short |
| Bullet LIT-USD | −0.0367% | 1h | 4.7480 | −0.413% | $85K | $81K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0330% | 4h | 4.7464 | −0.447% | $5.3M | $1.1M | 30x | as long as short |
| Gate LIT_USDT | −0.0302% | 4h | 4.7500 | −0.371% | $2.8M | $4.5M | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0288% | 4h | 4.7486 | −0.401% | $25.2M | $60.7M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0274% | 4h | 4.7490 | −0.391% | $896K | $1.9M | 10x | 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
Gate LIT_USDT
OKX LIT-USDT-SWAP
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0238% | 4h | 4.7500 | −0.371% | $42.9M | $30.1M | 75x | as long as short |
| SoDEX LIT-USD | −0.0229% | 1h | 4.7475 | −0.424% | $984 | $473K | 5x | as long as short |
| Nado LIT-PERP | −0.0184% | 1h | 4.7474 | −0.425% | $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 |
| Phoenix LITlong | −0.0067% | 1h | 4.7677 | long leg | $246K | $321K | 5x | |
| Polymarket Perps LIT-USDshort | −0.0038% | 1h | 4.7518 | −0.333% | $449K | $104K | 10x | |
| Extended LIT-USD | −0.0032% | 1h | 4.7469 | −0.436% | $5.2M | $5.2M | 25x | as long as short |
| Paradex LIT-USD-PERP | −0.0019% | 8h | 4.7431 | −0.517% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7540 | −0.288% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7525 | −0.319% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7527 | −0.315% | $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 |
| Binance LITUSDT | +0.0055% | 4h | 4.7460 | −0.455% | $75.0M | $80.6M | 75x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7438 | −0.501% | $5.9M | $4.2M | 100x | as long as short |
| edgeX LITUSDC | +0.0060% | 4h | 4.7527 | −0.315% | $289K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7458 | −0.460% | $148K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0083% | 1h | 4.7490 | −0.392% | $56K | $78K | 50x | 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 | 4.7508 | −0.354% | $211.1M | $44.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7511 | −0.348% | $12.7M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7494 | −0.384% | $596K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7481 | −0.411% | $118K | $446K | 5x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7500 | −0.371% | $6.7M | $2.7M | 20x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7514 | −0.341% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7545 | −0.277% | $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 | 4.7535 | −0.297% | $31K | $843K | 33x | as long as short |
| Lighter LIT | +0.0128% | 1h | 4.7549 | −0.268% | $59.6M | $29.5M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0151% | 1h | 4.7719 | +0.089% | $11K | $198K | 10x | as long as short |
| Lighter RH LIT | +0.0160% | 1h | 4.7551 | −0.264% | $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 +0.0388% / S −0.0190% | 1h | 4.7520 | −0.329% | $60K | — | 50x | as long as short |
Bybit LITUSDT
SoDEX LIT-USD
Nado LIT-PERP
Coinbase International LIT-PERP-INTX
Extended LIT-USD
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
Binance LITUSDT
MEXC LIT_USDT
edgeX LITUSDC
Aevo LIT-PERP
ApeX Omni LITUSDT
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]