Funding you earn now, next payment 10:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.078%
Price spread now: Phoenix against Bullet+0.367%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.367% dearer against Bullet than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet LIT-USD | 4.8009 | −0.0088 | get 0.0011% / 1h | 52m 47s | $86K | $44K | 20x |
| Short | Phoenix LIT | 4.8185 | 0.0083 | get 0.0010% / 1h | 52m 47s | $207K | $268K | 5x |
Bullet LIT-USD
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bullet. 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
- $35.95
- Price spread: +0.367% → 0.000%
- $36.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $57.67
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Bullet: no order-book sample; Phoenix: live order book, 56 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 56 min ago | 2.09 bp | 16.1 bp −$16 | 50.2 bp −$502 | doesn't fit | doesn't fit |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
LIT on 41 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0365% | 4h | 4.7954 | −0.114% | $33K | $313 | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0296% | 1h | 4.8127 | +0.247% | $609K | $297K | 50x | as long as short |
| 01 Exchange LITUSD | −0.0280% | 1h | 4.7963 | −0.095% | $31K | $3K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0152% | 1h | 4.8013 | +0.009% | $42K | $19K | 10x | as long as short |
| Extended LIT-USD | −0.0088% | 1h | 4.7982 | −0.056% | $5.1M | $4.8M | 25x | as long as short |
| Bullet LIT-USDlong | −0.0088% | 1h | 4.8009 | long leg | $86K | $44K | 20x | |
| OKX LIT-USDT-SWAP | −0.0080% | 4h | 4.7970 | −0.081% | $26.1M | $54.0M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.8016 | +0.014% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8054 | +0.094% | $36K | — | 150x | as long as short |
| GRVT LIT_USDT_Perp | +0.0008% | 4h | 4.8059 | +0.106% | $894K | $1.9M | 10x | as long as short |
Orderly PERP_LIT_USDC
Coinbase International LIT-PERP-INTX
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Extended LIT-USD
OKX LIT-USDT-SWAP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
GRVT LIT_USDT_PerpShow all 41 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.065% | $422 | $178K | 5.5x | as long as short |
| Gate LIT_USDT | +0.0068% | 4h | 4.8010 | +0.003% | $2.8M | $3.6M | 50x | as long as short |
| Bybit LITUSDT | +0.0073% | 4h | 4.7979 | −0.062% | $41.6M | $24.8M | 75x | as long as short |
| Phoenix LITshort | +0.0083% | 1h | 4.8185 | +0.367% | $207K | $268K | 5x | |
| Pacifica LIT | +0.0092% | 1h | 4.8009 | +0.001% | $639K | $1.5M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.8038 | +0.061% | $59.9M | $23.2M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0098% | 8h | 4.8028 | +0.040% | $7K | $1K | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.8005 | −0.008% | $2.1M | $1.5M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8032 | +0.049% | $217.0M | $34.6M | 5x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7970 | −0.082% | $77.4M | $65.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8024 | +0.032% | $132K | $357K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.8088 | +0.166% | $157K | $37K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7990 | −0.039% | $6.3M | $3.5M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.8055 | +0.096% | $5.5M | $661K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8000 | −0.018% | $6.9M | $2.2M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8040 | +0.065% | $686K | $870K | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7942 | −0.139% | $294K | $300K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.8030 | +0.044% | $58K | $78K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8019 | +0.021% | $447K | $80K | 10x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7949 | −0.124% | $4K | $1.0M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.8045 | +0.076% | $4K | $298K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8060 | +0.107% | $193K | $268K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.8030 | +0.044% | $1.4M | $2.7M | 20x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8015 | +0.013% | $150K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0176% | 1h | 4.8035 | +0.056% | $807K | $2.3M | 5x | as long as short |
| Aster LITUSDT | +0.0283% | 4h | 4.8048 | +0.082% | $12.9M | $1.7M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8020 | +0.024% | $1.6M | $2.3M | 75x | as long as short |
| Lighter RH LIT | +0.0344% | 1h | 4.8111 | +0.213% | $3.8M | $11.2M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0424% / S −0.0217% | 1h | 4.8018 | +0.020% | $64K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.8011 | +0.005% | $28K | $560K | 33x | as long as short |
| Aftermath Perps LITUSD | +0.0471% | 1h | 4.8044 | +0.075% | $9K | $183K | 10x | as long as short |
Injective LIT/USDC PERP
Gate LIT_USDT
Bybit LITUSDT
Pacifica LIT
Lighter LIT
Paradex LIT-USD-PERP
Nado LIT-PERP
Hyperliquid LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Aevo LIT-PERP
RISEx LIT/USDC
Aster LITUSDT
BloFin LIT-USDT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]
Perpl LIT
Aftermath Perps LITUSD