Funding you earn now, next payment 23:00 UTC+0.0613%/8h= +67.2% APRpaid last 24h +0.059%
Price spread now: Bulk against Phemex−0.598%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$750.755% of the position
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 3 days (all we have)+1.046%+$105 · spread now −0.598%, 7d avg +0.069%
=Funding pays, the price is against you. Bulk is 0.667% cheaper against Phemex than usual: you would sell low and buy high (spread −0.598% now, against its 7-day average of +0.069%). If the spread goes back, that is −$67 on $10k: about 3.6 days of funding at the current rate (+$18 a day). At the pace of the last 3 days (+0.086% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.3% 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 | Phemex LITUSDT | 4.7170 | −0.0513 | get 0.0257% / 4h | 1h 13m | $1.3M | $2.7M | 20x |
| Short | Bulk LIT-USD | 4.6888 | 0.0100 | get 0.0013% / 1h | 13m 44s | $117K | $5K | 10x |
Phemex LITUSDT
Bulk LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $128.78
- Price spread: −0.598% → +0.069%
- −$66.71
- Slippage, 4 orders
- −$56.48
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$13.41
- Costs to cover
- 0.755%
- Break-even
- 7.7 days
Slippage from Phemex: live order book, 5 min ago; Bulk: live order book, 5 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, 5 min ago | 4.27 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 5 min ago | 0.96 bp | 7.7 bp −$8 | 14.8 bp −$148 | 50.1 bp −$5,006 | 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 | −0.1238% | 4h | 4.7180 | +0.021% | $2.8M | $4.5M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0751% | 1h | 4.7230 | +0.127% | $663K | $1.4M | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0622% | 4h | 4.7145 | −0.053% | $32K | $2K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0607% | 1h | 4.7201 | +0.066% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7129 | −0.087% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDTlong | −0.0513% | 4h | 4.7170 | long leg | $1.3M | $2.7M | 20x | |
| OKX LIT-USDT-SWAP | −0.0471% | 4h | 4.7154 | −0.034% | $25.4M | $62.6M | 50x | as long as short |
| Bullet LIT-USD | −0.0333% | 1h | 4.7182 | +0.025% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0271% | 4h | 4.7170 | 0.000% | $42.6M | $30.2M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0254% | 4h | 4.7145 | −0.053% | $5.2M | $1.1M | 30x | as long as short |
Gate LIT_USDT
Backpack LIT_USDC_PERP
Orderly PERP_LIT_USDC
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
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 | −0.0249% | 1h | 4.7030 | −0.297% | $10K | $202K | 10x | as long as short |
| GRVT LIT_USDT_Perp | −0.0158% | 4h | 4.6909 | −0.553% | $893K | $1.8M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7197 | +0.057% | $668K | $398K | 50x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7200 | +0.065% | $807K | $2.1M | 5x | as long as short |
| Phoenix LIT | −0.0034% | 1h | 4.6887 | −0.600% | $203K | $327K | 5x | as long as short |
| Nado LIT-PERP | −0.0006% | 1h | 4.7165 | −0.011% | $2.2M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7241 | +0.151% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7231 | +0.129% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0003% | 8h | 4.7148 | −0.047% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.844% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0052% | 4h | 4.6888 | −0.598% | $285K | $312K | 10x | as long as short |
| MEXC LIT_USDT | +0.0060% | 4h | 4.7153 | −0.036% | $5.7M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0061% | 4h | 4.7151 | −0.040% | $74.9M | $80.8M | 75x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7173 | +0.006% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7229 | +0.125% | $59.5M | $29.8M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7258 | +0.187% | $211.0M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7255 | +0.180% | $12.6M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7210 | +0.085% | $604K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7174 | +0.008% | $117K | $450K | 5x | as long as short |
| Bulk LIT-USDshort | +0.0100% | 1h | 4.6888 | −0.598% | $117K | $5K | 10x | |
| Bitget LITUSDT | +0.0100% | 4h | 4.7220 | +0.106% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.6920 | −0.530% | $55K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7194 | +0.051% | $446K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7237 | +0.143% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7195 | +0.053% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7205 | +0.074% | $1K | $464K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7245 | +0.159% | $189K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7140 | −0.063% | $5.2M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0208% | 1h | 4.7266 | +0.204% | $3.7M | $13.8M | 5x | as long as short |
| BloFin LIT-USDT | +0.0242% | 4h | 4.7122 | −0.102% | $1.5M | $2.0M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7185 | +0.033% | $31K | $839K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0376% / S −0.0169% | 1h | 4.7232 | +0.131% | $62K | — | 50x | as long as short |
Aftermath Perps LITUSD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Phoenix LIT
Nado LIT-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]