Funding you earn now, next payment 08:00 UTC−0.0509%/8h= −55.8% APRnext payment −$2.55 per $10,000 · paid last 24h −0.076%
Price spread now: Phemex against Bitget−0.105%46s7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.105%, 7d avg −0.083%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phemex is 0.021% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.083%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.197% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.55 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 | Bitget LITUSDT | 4.7810 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $6.8M | $2.6M | 20x |
| Short | Phemex LITUSDT | 4.7760 | −0.0409 | pay 0.0205% / 4h | 2h 35m | $1.4M | $2.8M | 20x |
Bitget LITUSDT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- −$106.92
- Price spread: −0.105% → −0.083%
- −$2.12
- Slippage, 4 orders
- −$83.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$216.69
- Costs to cover
- 1.077%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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 Bitget live order book, 3 min ago | 3.15 bp | 22.1 bp −$22 | 119.9 bp −$1,199 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.21 bp | 28.5 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0448% | 1h | 4.7300 | −1.066% | $612K | $347K | 50x | as long as short |
| Phemex LITUSDTshort | −0.0409% | 4h | 4.7760 | −0.105% | $1.4M | $2.8M | 20x | |
| Orderly PERP_LIT_USDC | −0.0375% | 4h | 4.7693 | −0.245% | $33K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0272% | 1h | 4.7788 | −0.046% | $31K | $4K | 5x | as long as short |
| GRVT LIT_USDT_Perp | −0.0212% | 4h | 4.7640 | −0.355% | $888K | $1.9M | 10x | as long as short |
| Bullet LIT-USD | −0.0157% | 1h | 4.7765 | −0.094% | $86K | $68K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0142% | 4h | 4.7787 | −0.048% | $25.8M | $61.2M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0089% | 1h | 4.7733 | −0.161% | $42K | $40K | 10x | as long as short |
| Phoenix LIT | −0.0017% | 1h | 4.7579 | −0.483% | $205K | $283K | 5x | as long as short |
| RISEx LIT/USDC | −0.0012% | 1h | 4.7810 | +0.001% | $825K | $2.2M | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
01 Exchange LITUSD
GRVT LIT_USDT_Perp
Bullet LIT-USD
OKX LIT-USDT-SWAP
Deribit LIT_USDC-PERPETUAL
Phoenix LIT
RISEx LIT/USDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LITUSDT | −0.0010% | 4h | 4.7777 | −0.069% | $41.6M | $28.5M | 75x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7782 | −0.058% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7799 | −0.023% | $11K | — | 150x | as long as short |
| KuCoin LITUSDTM | +0.0016% | 4h | 4.7787 | −0.048% | $5.3M | $1.0M | 30x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.481% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0093% | 8h | 4.7757 | −0.111% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7837 | +0.056% | $59.6M | $27.8M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7784 | −0.053% | $2.2M | $1.6M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7872 | +0.130% | $214.4M | $40.6M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7811 | +0.002% | $578K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7766 | −0.093% | $76.7M | $77.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7800 | −0.021% | $118K | $462K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7770 | −0.084% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7767 | −0.090% | $5.8M | $3.8M | 100x | as long as short |
| Bitget LITUSDTlong | +0.0100% | 4h | 4.7810 | long leg | $6.8M | $2.6M | 20x | |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7772 | −0.079% | $669K | $1.1M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7604 | −0.432% | $291K | $304K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7660 | −0.314% | $57K | $74K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7791 | −0.040% | $449K | $85K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7752 | −0.122% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7669 | −0.295% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7731 | −0.165% | $1K | $351K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7785 | −0.052% | $202K | $347K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7306 | −1.054% | $118K | $7K | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7772 | −0.079% | $5.2M | $4.9M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7729 | −0.170% | $149K | — | 3x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7850 | +0.084% | $3.7M | $13.0M | 5x | as long as short |
| Aster LITUSDT | +0.0219% | 4h | 4.7853 | +0.090% | $12.8M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7663 | −0.307% | $1.6M | $1.9M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0427% | 1h | 4.7554 | −0.536% | $8K | $204K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0441% / S −0.0231% | 1h | 4.7794 | −0.034% | $66K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7787 | −0.049% | $32K | $688K | 33x | as long as short |
Bybit LITUSDT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
KuCoin LITUSDTM
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aster LITUSDT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT