Funding you earn now, next payment 08:00 UTC+0.0506%/8h= +55.4% APRnext payment +$2.53 per $10,000 · paid last 24h +0.076%
Price spread now: Bitget against Phemex+0.042%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
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)+0.092%+$9 · spread now +0.042%, 7d avg +0.083%
=Funding pays, the price is against you. Bitget is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.083%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.197% in total) that is about 35 hours.
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 +$2.53 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 | Phemex LITUSDT | 4.7700 | −0.0406 | get 0.0203% / 4h | 2h 34m | $1.4M | $2.8M | 20x |
| Short | Bitget LITUSDT | 4.7720 | 0.0100 | get 0.0050% / 4h | 2h 34m | $6.8M | $2.6M | 20x |
Phemex LITUSDT
Bitget LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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
- $106.32
- Price spread: +0.042% → +0.083%
- −$4.15
- Slippage, 4 orders
- −$83.65
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$5.48
- Costs to cover
- 1.077%
- Break-even
- 7.4 days
Slippage from Phemex: live order book, 4 min ago; Bitget: live order book, 4 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 Phemex live order book, 4 min ago | 4.21 bp | 32.8 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.15 bp | 24.3 bp −$24 | 131.9 bp −$1,319 | 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 | −0.838% | $612K | $347K | 50x | as long as short |
| Phemex LITUSDTlong | −0.0406% | 4h | 4.7700 | long leg | $1.4M | $2.8M | 20x | |
| Orderly PERP_LIT_USDC | −0.0373% | 4h | 4.7741 | +0.086% | $33K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0272% | 1h | 4.7788 | +0.184% | $31K | $4K | 5x | as long as short |
| GRVT LIT_USDT_Perp | −0.0212% | 4h | 4.7640 | −0.125% | $888K | $1.9M | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0183% | 1h | 4.7744 | +0.092% | $42K | $40K | 10x | as long as short |
| Bullet LIT-USD | −0.0157% | 1h | 4.7765 | +0.136% | $86K | $68K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0142% | 4h | 4.7626 | −0.155% | $25.6M | $61.0M | 50x | as long as short |
| Bybit LITUSDT | −0.0023% | 4h | 4.7681 | −0.040% | $41.5M | $28.5M | 75x | as long as short |
| Phoenix LIT | −0.0017% | 1h | 4.7579 | −0.254% | $205K | $283K | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
01 Exchange LITUSD
GRVT LIT_USDT_Perp
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
OKX LIT-USDT-SWAP
Bybit LITUSDT
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx LIT/USDC | −0.0012% | 1h | 4.7810 | +0.231% | $825K | $2.2M | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7712 | +0.026% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7799 | +0.208% | $11K | — | 150x | as long as short |
| KuCoin LITUSDTM | +0.0014% | 4h | 4.7731 | +0.065% | $5.3M | $1.0M | 30x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.713% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0093% | 8h | 4.7631 | −0.145% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7751 | +0.107% | $59.5M | $27.8M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7784 | +0.177% | $2.2M | $1.6M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7786 | +0.179% | $214.0M | $40.7M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7685 | −0.031% | $577K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7650 | −0.105% | $76.5M | $76.8M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7800 | +0.210% | $118K | $462K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7720 | +0.042% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7682 | −0.038% | $5.8M | $3.8M | 100x | as long as short |
| Bitget LITUSDTshort | +0.0100% | 4h | 4.7720 | +0.042% | $6.8M | $2.6M | 20x | |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7754 | +0.113% | $669K | $1.1M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7604 | −0.202% | $291K | $304K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7660 | −0.084% | $57K | $74K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7791 | +0.191% | $449K | $85K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7771 | +0.148% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7742 | +0.088% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7745 | +0.094% | $1K | $337K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7785 | +0.178% | $202K | $345K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7306 | −0.826% | $118K | $7K | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7677 | −0.047% | $5.2M | $4.9M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7749 | +0.102% | $149K | — | 3x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.7772 | +0.151% | $3.7M | $13.0M | 5x | as long as short |
| Aster LITUSDT | +0.0221% | 4h | 4.7766 | +0.138% | $12.8M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7821 | +0.254% | $1.6M | $2.0M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0427% | 1h | 4.7554 | −0.306% | $8K | $204K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0441% / S −0.0231% | 1h | 4.7794 | +0.197% | $66K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7787 | +0.182% | $32K | $688K | 33x | as long as short |
RISEx LIT/USDC
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