Funding you earn now, next payment 02:22 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.116%
Price spread now: Phemex against Perpl−0.105%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now −0.105%, 7d avg −0.072%
=Together, before fees−0.320%+ Points / potential airdropPerpl: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phemex is 0.033% cheaper against Perpl than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment. 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 | Perpl LIT | 4.6979 | 0.0447 | pay 0.0040% / 43m | 38m 27s | $31K | $806K | 33x |
| Short | Phemex LITUSDT | 4.6930 | −0.0017 | pay 0.0008% / 4h | 1h 07m | $1.4M | $2.8M | 20x |
Perpl LIT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Perpl. 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
- −$97.3
- Price spread: −0.105% → −0.072%
- −$3.29
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$126.39
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 5.33 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
Perpl: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0472% | 1h | 4.6940 | −0.084% | $41K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0377% | 4h | 4.6892 | −0.186% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0312% | 1h | 4.6840 | −0.297% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0261% | 1h | 4.6929 | −0.106% | $84K | $68K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0115% | 1h | 4.6900 | −0.169% | $56K | $76K | 50x | as long as short |
| Gate LIT_USDT | −0.0098% | 4h | 4.6930 | −0.105% | $2.8M | $4.3M | 50x | as long as short |
| Phoenix LIT | −0.0085% | 1h | 4.7010 | +0.065% | $202K | $341K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −0.383% | $611K | $411K | 50x | as long as short |
| Phemex LITUSDTshort | −0.0017% | 4h | 4.6930 | −0.105% | $1.4M | $2.8M | 20x | |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6978 | −0.004% | $11K | — | 150x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
ApeX Omni LITUSDT
Gate LIT_USDT
Phoenix LIT
Coinbase International LIT-PERP-INTX
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | +0.0005% | 1h | 4.6921 | −0.125% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | +0.0018% | 4h | 4.6848 | −0.280% | $25.2M | $61.6M | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.258% | $422 | $178K | 5.5x | as long as short |
| KuCoin LITUSDTM | +0.0038% | 4h | 4.6966 | −0.029% | $5.2M | $1.0M | 30x | as long as short |
| Paradex LIT-USD-PERP | +0.0069% | 8h | 4.6888 | −0.194% | $7K | $2K | 5x | as long as short |
| Bybit LITUSDT | +0.0070% | 4h | 4.6846 | −0.284% | $41.6M | $28.5M | 75x | as long as short |
| GRVT LIT_USDT_Perp | +0.0082% | 4h | 4.6940 | −0.084% | $917K | $1.8M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6943 | −0.077% | $58.5M | $28.9M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6962 | −0.037% | $3.6M | $13.4M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6910 | −0.148% | $782K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6825 | −0.329% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6946 | −0.071% | $209.8M | $41.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6921 | −0.124% | $579K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6840 | −0.297% | $74.7M | $78.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6906 | −0.156% | $122K | $454K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6886 | −0.199% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6870 | −0.233% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.6960 | −0.041% | $665K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6901 | −0.166% | $286K | $303K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6898 | −0.173% | $438K | $110K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6974 | −0.013% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6918 | −0.131% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6944 | −0.075% | $2K | $397K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7003 | +0.050% | $199K | $388K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7305 | +0.693% | $118K | $973 | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6863 | −0.249% | $5.2M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6938 | −0.089% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0195% | 1h | 4.7034 | +0.117% | $9K | $205K | 10x | as long as short |
| Aster LITUSDT | +0.0215% | 4h | 4.6959 | −0.043% | $12.6M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6917 | −0.133% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0416% / S −0.0214% | 1h | 4.6970 | −0.020% | $63K | — | 50x | as long as short |
| Perpl LITlong | +0.0447% | 43m | 4.6979 | long leg | $31K | $806K | 33x |
dYdX LIT-USD
OKX LIT-USDT-SWAP
Injective LIT/USDC PERP
KuCoin LITUSDTM
Paradex LIT-USD-PERP
Bybit LITUSDT
GRVT LIT_USDT_Perp
Lighter LIT
Lighter RH LIT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
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
Aftermath Perps LITUSD
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]