Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%
Price spread now: Phemex against Polymarket Perps+0.100%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.100%, 7d avg +0.075%
=The price spread pays, funding is against you. Phemex is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.075%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps LITE-USD | 946.00 | 0.0050 | pay 0.0006% / 1h | 11m 54s | $73K | $228K | 10x |
| Short | Phemex LITEUSDT | 946.95 | 0 | get 0.0000% / 8h | 2h 11m | $1.5M | $713K | 10x |
Polymarket Perps LITE-USD
Phemex LITEUSDTFunding 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
- −$10.5
- Price spread: +0.100% → +0.075%
- $2.51
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$27.99
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 35 min ago; Phemex: live order book, 1 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 Polymarket Perps live order book, 35 min ago | 2.70 bp | 6.8 bp −$7 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.43 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget LITEUSDT | −0.0786% | 8h | 946.42 | +0.044% | $2.6M | $3.1M | 20x | as long as short |
| Coinbase International LITE-PERP-INTX | −0.0072% | 1h | 941.39 | −0.487% | $95K | $208K | 10x | as long as short |
| QFEX LITE-USD | 0.0000% | 1h | 945.63 | −0.039% | $1.1M | $3.5M | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 946.42 | +0.044% | $106K | $17K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 946.01 | +0.001% | $14K | $215K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 946.55 | +0.058% | $12.1M | $48.9M | 25x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 946.46 | +0.049% | $1.8M | $1.8M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 946.77 | +0.081% | $3.6M | $18.1M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 947.07 | +0.113% | $7.9M | $6.5M | 50x | as long as short |
| Variational Omni LITE | 0.0000% | 8h | 942.67 | −0.352% | $259K | $154K | — | as long as short |
Bitget LITEUSDT
Coinbase International LITE-PERP-INTX
QFEX LITE-USD
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Variational Omni LITEShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 943.26 | −0.290% | $679 | $194K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 945.70 | −0.032% | $469 | $3.8M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 945.92 | −0.008% | $7K | $31K | 20x | as long as short |
| Phemex LITEUSDTshort | 0.0000% | 8h | 946.95 | +0.100% | $1.5M | $713K | 10x | |
| BloFin LITE-USDT | +0.0003% | 8h | 945.27 | −0.077% | $218K | $236K | 20x | as long as short |
| Lighter LITE | +0.0032% | 1h | 946.14 | +0.015% | $25K | $104K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 944.70 | −0.137% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USDlong | +0.0050% | 1h | 946.00 | long leg | $73K | $228K | 10x | |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 943.79 | −0.234% | $32K | $341K | 10x | as long as short |
| SoDEX LITE-USD | +0.0076% | 1h | 945.24 | −0.080% | $23K | $9K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 945.16 | −0.089% | $519K | $43K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 943.41 | −0.274% | $16K | $266K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 945.45 | −0.058% | $919 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 945.16 | −0.089% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0106% | 4h | 942.72 | −0.347% | $60K | $471K | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0120% | 1h | 946.17 | +0.018% | $18K | $40K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0167% | 1h | 946.65 | +0.069% | $7.5M | $5.8M | 10x | as long as short |
GRVT LITE_USDT_Perp
SunX LITE-USDT
HTX LITE-USDT
BloFin LITE-USDT
Lighter LITE
Vest LITE-USD-PERP
Ondo Perps LITE-USD.P
SoDEX LITE-USD
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
edgeX LITEUSDC
Deribit LITE_USDC-PERPETUAL
tradeXYZ xyz:LITE