Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.23 per $10,000 · paid last 24h +0.001%
Price spread now: Phemex against BloFin−0.211%359s7-day average +0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.211%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.231% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 359 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 | BloFin LITE-USDT | 962.75 | 0.0023 | pay 0.0023% / 8h | 6h 42m | $227K | $236K | 20x |
| Short | Phemex LITEUSDT | 960.72 | 0 | get 0.0000% / 8h | 6h 42m | $1.5M | $682K | 10x |
BloFin LITE-USDT
Phemex LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$4.75
- Price spread: −0.211% → +0.020%
- −$23.12
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$51.87
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 18 min ago; Phemex: live order book, 5 min ago. 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 BloFin live order book, 18 min ago | 0.57 bp | 8.0 bp −$8 | 13.3 bp −$133 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 6.29 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
LITE on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0232% | 1h | 965.50 | +0.286% | $111K | $195K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 961.49 | −0.131% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 960.53 | −0.231% | $1.9M | $1.6M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 960.00 | −0.286% | $3.8M | $17.8M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 960.87 | −0.195% | $8.1M | $5.8M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 960.22 | −0.263% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 962.12 | −0.066% | $327 | $194K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 960.30 | −0.254% | $983 | $3.9M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 960.93 | −0.189% | $7K | $32K | 20x | as long as short |
| Phemex LITEUSDTshort | 0.0000% | 8h | 960.72 | −0.211% | $1.5M | $682K | 10x |
Coinbase International LITE-PERP-INTX
Aster LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
SunX LITE-USDT
HTX LITE-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX LITEUSDC | +0.0021% | 4h | 961.52 | −0.128% | $71K | $454K | 10x | as long as short |
| BloFin LITE-USDTlong | +0.0023% | 8h | 962.75 | long leg | $227K | $236K | 20x | |
| QFEX LITE-USD | +0.0028% | 1h | 960.13 | −0.272% | $1.1M | $5.1M | 10x | as long as short |
| Lighter LITE | +0.0032% | 1h | 960.23 | −0.262% | $27K | $101K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 960.18 | −0.267% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 960.52 | −0.232% | $75K | $228K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 960.49 | −0.235% | $23K | $10K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 960.31 | −0.253% | $168K | $164K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 959.98 | −0.288% | $518K | $39K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 961.70 | −0.109% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 960.15 | −0.270% | $933 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 960.45 | −0.239% | — | — | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0184% | 1h | 960.50 | −0.234% | $7.3M | $5.1M | 10x | as long as short |
| Variational Omni LITE | +0.0217% | 8h | 961.84 | −0.095% | $242K | $122K | — | as long as short |
| Extended LITE-USD | +0.0320% | 1h | 960.03 | −0.283% | $10K | $202K | 10x | as long as short |
| Binance LITEUSDT | +0.0323% | 8h | 960.04 | −0.281% | $13.8M | $44.0M | 25x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0417% | 1h | 960.56 | −0.227% | $19K | $37K | 10x | as long as short |
edgeX LITEUSDC
QFEX LITE-USD
Lighter LITE
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
tradeXYZ xyz:LITE
Variational Omni LITE
Extended LITE-USD
Binance LITEUSDT
Deribit LITE_USDC-PERPETUAL