LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0063%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%

Price spread now: SoDEX against Phoenix−0.325%70s7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.722% of the position

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.325%, 7d avg −0.132%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.192% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.325% now, against its 7-day average of −0.132%). If the spread goes back, that is −$19 on $10k: about 10 days of funding at the current rate (+$2 a day). The two prices were read 70 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	4.7117	−0.0034	get 0.0004% / 1h	35m 29s	$245K	$327K	5x
Short	SoDEX LIT-USD	4.6964	0.0029	get 0.0004% / 1h	35m 29s	$1K	$465K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee SoDEXbpOrdersPrice spread, now −0.325%Rate

Funding earned: $13.13
Price spread: −0.325% → −0.132%: −$19.24
Slippage, 4 orders: −$57.2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$78.31
Costs to cover: 0.722%
Break-even: 48.7 days

Slippage from Phoenix: live order book, 45 min ago; SoDEX: live order book, 48 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, 45 min ago	2.10 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell SoDEX live order book, 48 min ago	0.10 bp	20.2 bp −$20	49.9 bp −$499	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	−0.1100%	4h	4.7020	−0.206%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.1036%	1h	4.6969	−0.315%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0740%	1h	4.6981	−0.289%	$660K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.6922	−0.414%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.6942	−0.371%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0534%	4h	4.6960	−0.333%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0433%	4h	4.6985	−0.280%	$25.2M	$61.9M	50x	as long as short
Bullet LIT-USD	−0.0354%	1h	4.6982	−0.287%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0300%	4h	4.7020	−0.206%	$42.5M	$30.3M	75x	as long as short
KuCoin LITUSDTM	−0.0292%	4h	4.6932	−0.393%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0228%	1h	4.7131	+0.029%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7051	−0.140%	$898K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7000	−0.248%	$650K	$382K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7032	−0.181%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0043%	1h	4.6999	−0.249%	$2.1M	$1.7M	10x	as long as short
Phoenix LITlong	−0.0034%	1h	4.7117	long leg	$245K	$327K	5x
Paradex LIT-USD-PERP	−0.0007%	8h	4.6963	−0.328%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7025	−0.196%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7051	−0.140%	$35K	—	150x	as long as short
SoDEX LIT-USDshort	+0.0029%	1h	4.6964	−0.325%	$1K	$465K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.959%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.6969	−0.314%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6976	−0.300%	$74.5M	$80.9M	75x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7056	−0.129%	$286K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6950	−0.354%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7071	−0.098%	$59.2M	$29.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7028	−0.188%	$209.7M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7030	−0.185%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7028	−0.189%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7025	−0.195%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.066%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7020	−0.206%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.028%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7018	−0.210%	$444K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7041	−0.161%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6994	−0.261%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.042%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6992	−0.266%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0233%	4h	4.7034	−0.176%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7032	−0.180%	$31K	$840K	33x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7049	−0.144%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7024	−0.197%	$59K	—	50x	as long as short