Funding you earn now, next payment 22:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.17 per $10,000 · paid last 24h −0.023%
Price spread now: Phoenix against Extended+0.129%88s7-day average +0.193% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−$410.410% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)+0.817%+$82 · spread now +0.129%, 7d avg +0.193%
=Together, before fees+0.778%+ Points / potential airdropExtended: Active · farm board+$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.064% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.193%). Swap the legs. The two prices were read 88 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 | Extended LIT-USD | 4.6853 | 0.0104 | pay 0.0013% / 1h | 17m 54s | $5.2M | $5.1M | 25x |
| Short | Phoenix LIT | 4.6914 | −0.0034 | pay 0.0004% / 1h | 17m 54s | $243K | $327K | 5x |
Extended LIT-USD
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- −$28.95
- Price spread: +0.129% → +0.193%
- −$6.35
- Slippage, 4 orders
- −$28.98
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$76.29
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Extended: live order book, 6 min ago; Phoenix: live order book, 63 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 Extended live order book, 6 min ago | 0.11 bp | 4.9 bp −$5 | 28.1 bp −$281 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 min ago | 2.10 bp | 16.1 bp −$16 | 50.2 bp −$502 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1304% | 4h | 4.6900 | +0.100% | $2.8M | $4.5M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0826% | 1h | 4.6895 | +0.089% | $659K | $1.4M | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0660% | 1h | 4.6879 | +0.055% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0627% | 4h | 4.6818 | −0.075% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0576% | 1h | 4.6775 | −0.167% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0513% | 4h | 4.6860 | +0.014% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0474% | 4h | 4.6865 | +0.025% | $25.3M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0334% | 1h | 4.6867 | +0.029% | $84K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0305% | 4h | 4.6874 | +0.044% | $42.3M | $30.2M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0280% | 4h | 4.6894 | +0.087% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Backpack LIT_USDC_PERP
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0223% | 1h | 4.6948 | +0.202% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0164% | 4h | 4.6884 | +0.065% | $896K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7197 | +0.734% | $668K | $398K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.6893 | +0.085% | $790K | $2.1M | 5x | as long as short |
| Phoenix LITshort | −0.0034% | 1h | 4.6914 | +0.129% | $243K | $327K | 5x | |
| Nado LIT-PERP | −0.0027% | 1h | 4.6852 | −0.003% | $2.1M | $1.7M | 10x | as long as short |
| Paradex LIT-USD-PERP | −0.0005% | 8h | 4.6824 | −0.062% | $7K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6914 | +0.130% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.6917 | +0.135% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.533% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0050% | 4h | 4.6850 | −0.007% | $5.5M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0052% | 4h | 4.6854 | +0.002% | $74.4M | $80.8M | 75x | as long as short |
| edgeX LITUSDC | +0.0057% | 4h | 4.6898 | +0.096% | $285K | $311K | 10x | as long as short |
| Aevo LIT-PERP | +0.0064% | 1h | 4.6841 | −0.026% | $146K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6946 | +0.198% | $59.1M | $29.8M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6928 | +0.159% | $209.5M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.6921 | +0.144% | $12.5M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6891 | +0.080% | $600K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6860 | +0.014% | $117K | $450K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6888 | +0.074% | $117K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6890 | +0.078% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.6930 | +0.164% | $55K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6874 | +0.044% | $443K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6926 | +0.154% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6868 | +0.031% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6875 | +0.046% | $992 | $464K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6931 | +0.166% | $188K | $329K | 30x | as long as short |
| Extended LIT-USDlong | +0.0104% | 1h | 4.6853 | long leg | $5.2M | $5.1M | 25x | |
| BloFin LIT-USDT | +0.0208% | 4h | 4.6839 | −0.031% | $1.5M | $2.0M | 75x | as long as short |
| Lighter RH LIT | +0.0232% | 1h | 4.6958 | +0.223% | $3.7M | $13.8M | 5x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6871 | +0.037% | $31K | $839K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0374% / S −0.0169% | 1h | 4.6916 | +0.135% | $62K | — | 50x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
BloFin LIT-USDT
Lighter RH LIT
Perpl LIT
GMX LIT/USD [ETH-USDC]