Funding you earn now, next payment 16:00 UTC+0.0844%/8h= +92.4% APRnext payment +$8.44 per $10,000 · paid last 24h −0.048%
Price spread now: Phemex against GRVT+0.083%7-day average +0.032% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.083%, 7d avg +0.032%
=Together, before fees−0.512%+ Points / potential airdropGRVT: Active · farm board−$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Phemex is 0.052% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.44 per $10,000. 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 | GRVT LITE_USDT_Perp | 940.91 | −0.0844 | get 0.0844% / 8h | 7h 49m | $546 | $192K | 10x |
| Short | Phemex LITEUSDT | 941.69 | 0 | get 0.0000% / 8h | 7h 49m | $1.5M | $742K | 10x |
GRVT LITE_USDT_Perp
Phemex LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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
- $177.24
- Price spread: +0.083% → +0.032%
- $5.15
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $161.39
- Costs to cover
- 0.210%
- Break-even
- 0.6 days
Slippage unknown: GRVT: live order book, 48 min ago; Phemex: live order book, 4 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 GRVT live order book, 48 min ago | 2.47 bp | 9.8 bp −$10 | 18655.5 bp −$186.6K | 276444.7 bp −$27.64M | doesn't fit |
| Sell Phemex live order book, 4 min ago | 0.85 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT LITE_USDT_Perplong | −0.0844% | 8h | 940.91 | long leg | $546 | $192K | 10x | |
| Bybit LITEUSDT | −0.0174% | 8h | 940.32 | −0.062% | $1.8M | $2.1M | 25x | as long as short |
| Coinbase International LITE-PERP-INTX | −0.0112% | 1h | 946.24 | +0.567% | $93K | $215K | 10x | as long as short |
| Bitget LITEUSDT | −0.0107% | 8h | 941.22 | +0.033% | $2.6M | $3.1M | 20x | as long as short |
| Deribit LITE_USDC-PERPETUAL | −0.0079% | 1h | 941.38 | +0.050% | $18K | $41K | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 940.74 | −0.018% | $105K | $30K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 940.25 | −0.070% | $48K | $247K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 941.03 | +0.013% | $12.0M | $50.0M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 940.98 | +0.008% | $3.6M | $18.6M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 941.44 | +0.057% | $7.9M | $6.4M | 50x | as long as short |
Bybit LITEUSDT
Coinbase International LITE-PERP-INTX
Bitget LITEUSDT
Deribit LITE_USDC-PERPETUAL
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LITE | 0.0000% | 8h | 941.23 | +0.034% | $259K | $139K | — | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 941.50 | +0.063% | $786 | $3.7M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 941.47 | +0.060% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDTshort | 0.0000% | 8h | 941.69 | +0.083% | $1.5M | $742K | 10x | |
| QFEX LITE-USD | +0.0014% | 1h | 940.76 | −0.016% | $1.1M | $3.9M | 10x | as long as short |
| BloFin LITE-USDT | +0.0030% | 8h | 941.66 | +0.080% | $217K | $243K | 20x | as long as short |
| Lighter LITE | +0.0032% | 1h | 941.50 | +0.063% | $24K | $102K | 10x | as long as short |
| ApeX Omni LITEUSDT | +0.0039% | 1h | 940.97 | +0.007% | $16K | $266K | 50x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 940.32 | −0.062% | — | $3K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0050% | 1h | 940.24 | −0.071% | $7.6M | $5.7M | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 939.56 | −0.143% | $73K | $220K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 940.20 | −0.075% | $23K | $9K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 938.82 | −0.222% | $33K | $355K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 940.24 | −0.071% | $516K | $70K | 20x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 940.59 | −0.034% | $914 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 940.35 | −0.059% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0721% | 4h | 940.63 | −0.030% | $58K | $476K | 10x | as long as short |
Variational Omni LITE
SunX LITE-USDT
HTX LITE-USDT
QFEX LITE-USD
BloFin LITE-USDT
Lighter LITE
ApeX Omni LITEUSDT
Vest LITE-USD-PERP
tradeXYZ xyz:LITE
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
edgeX LITEUSDC