Funding you earn now, next payment 00:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h −0.035%
Price spread now: Phemex against Polymarket Perps−0.158%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.158%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.134% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% 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 | Polymarket Perps LIT-USD | 4.7385 | 0.0100 | pay 0.0013% / 1h | 4m 15s | $448K | $105K | 10x |
| Short | Phemex LITUSDT | 4.7310 | −0.0303 | pay 0.0152% / 4h | 4m 15s | $1.4M | $2.7M | 20x |
Polymarket Perps LIT-USD
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Polymarket Perps. 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
- −$84.65
- Price spread: −0.158% → −0.024%
- −$13.4
- Slippage, 4 orders
- −$49.89
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$167.94
- Costs to cover
- 0.699%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 8 min ago; Phemex: live order book, 4 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 Polymarket Perps live order book, 8 min ago | 2.75 bp | 6.9 bp −$7 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 4.23 bp | 26.0 bp −$26 | doesn't fit | 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 | −0.0889% | 1h | 4.7360 | −0.052% | $42K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0814% | 4h | 4.7410 | +0.053% | $2.8M | $4.6M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7280 | −0.222% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0538% | 4h | 4.7310 | −0.158% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0375% | 1h | 4.7363 | −0.047% | $85K | $77K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0333% | 4h | 4.7352 | −0.070% | $25.7M | $64.1M | 50x | as long as short |
| Phemex LITUSDTshort | −0.0303% | 4h | 4.7310 | −0.158% | $1.4M | $2.7M | 20x | |
| KuCoin LITUSDTM | −0.0156% | 4h | 4.7343 | −0.089% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.471% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0072% | 4h | 4.7370 | −0.032% | $907K | $1.8M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
OKX LIT-USDT-SWAP
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 LIT | −0.0050% | 1h | 4.7386 | +0.002% | $205K | $353K | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7391 | +0.012% | $31K | $853K | 33x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7403 | +0.039% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7414 | +0.062% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7403 | +0.038% | $804K | $2.1M | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.382% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0034% | 8h | 4.7372 | −0.028% | $7K | $2K | 5x | as long as short |
| Bybit LITUSDT | +0.0046% | 4h | 4.7340 | −0.095% | $42.7M | $30.3M | 75x | as long as short |
| Backpack LIT_USDC_PERP | +0.0077% | 1h | 4.7377 | −0.017% | $682K | $1.4M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7405 | +0.042% | $59.2M | $30.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7365 | −0.042% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7420 | +0.074% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7411 | +0.055% | $590K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7310 | −0.159% | $75.5M | $82.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7404 | +0.040% | $117K | $459K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7291 | −0.199% | $118K | $2K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7344 | −0.087% | $5.7M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7360 | −0.053% | $6.7M | $2.8M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7325 | −0.127% | $288K | $310K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7380 | −0.011% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USDlong | +0.0100% | 1h | 4.7385 | long leg | $448K | $105K | 10x | |
| Derive LIT-PERP | +0.0100% | 1h | 4.7407 | +0.047% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7320 | −0.137% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7375 | −0.021% | $1K | $470K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7391 | +0.013% | $189K | $346K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7346 | −0.083% | $5.2M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7368 | −0.036% | $148K | $44K | 3x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7415 | +0.063% | $3.7M | $14.0M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0193% | 1h | 4.7376 | −0.020% | $13K | $203K | 10x | as long as short |
| Hyperliquid LIT | +0.0195% | 1h | 4.7459 | +0.156% | $212.8M | $45.0M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7295 | −0.190% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0381% / S −0.0172% | 1h | 4.7412 | +0.057% | $63K | — | 50x | as long as short |
Phoenix LIT
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Bybit LITUSDT
Backpack LIT_USDC_PERP
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aftermath Perps LITUSD
Hyperliquid LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]