Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h +0.054%
Price spread now: Phoenix against Phemex+0.557%73s7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as 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−$900.902% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 3 days (all we have)−0.395%−$39 · spread now +0.557%, 7d avg +0.139%
=The price spread pays, funding is against you. Phoenix is 0.419% dearer against Phemex than usual: you sell high and buy low (spread +0.557% now, against its 7-day average of +0.139%): +$42 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you. The two prices were read 73 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 | Phemex LITUSDT | 4.6820 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $1.4M | $2.7M | 20x |
| Short | Phoenix LIT | 4.7081 | −0.0102 | pay 0.0013% / 1h | 41m 38s | $203K | $352K | 5x |
Phemex LITUSDT
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$42.42
- Price spread: +0.557% → +0.139%
- $41.85
- Slippage, 4 orders
- −$71.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$90.72
- Costs to cover
- 0.902%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Phoenix: live order book, 25 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, 2 min ago | 3.19 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 25 min ago | 2.10 bp | 16.0 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0753% | 1h | 4.6828 | +0.016% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0600% | 1h | 4.6790 | −0.064% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0467% | 4h | 4.6752 | −0.145% | $32K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0423% | 1h | 4.6812 | −0.016% | $84K | $73K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0176% | 4h | 4.6861 | +0.088% | $25.5M | $63.5M | 50x | as long as short |
| Gate LIT_USDT | −0.0166% | 4h | 4.6880 | +0.128% | $2.8M | $4.3M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0160% | 1h | 4.6910 | +0.192% | $680K | $1.4M | 5x | as long as short |
| KuCoin LITUSDTM | −0.0138% | 4h | 4.6854 | +0.073% | $5.2M | $1.1M | 30x | as long as short |
| GRVT LIT_USDT_Perp | −0.0132% | 4h | 4.7027 | +0.442% | $893K | $1.8M | 10x | as long as short |
| Phoenix LITshort | −0.0102% | 1h | 4.7081 | +0.557% | $203K | $352K | 5x |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
OKX LIT-USDT-SWAP
Gate LIT_USDT
Backpack LIT_USDC_PERP
KuCoin LITUSDTM
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.7209 | +0.830% | $668K | $387K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6903 | +0.177% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S 0.0000% | 1h | 4.6861 | +0.087% | $469 | — | 150x | as long as short |
| Bulk LIT-USD | +0.0028% | 1h | 4.6991 | +0.366% | $117K | $1K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.606% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0037% | 8h | 4.6830 | +0.021% | $7K | $2K | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0052% | 1h | 4.7040 | +0.470% | $56K | $77K | 50x | as long as short |
| SoDEX LIT-USD | +0.0072% | 1h | 4.6835 | +0.032% | $1K | $453K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.6890 | +0.151% | $781K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6913 | +0.199% | $58.8M | $29.3M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6815 | −0.011% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6977 | +0.335% | $210.5M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.6951 | +0.280% | $12.6M | $2.1M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6863 | +0.092% | $581K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6842 | +0.046% | $74.8M | $80.5M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6858 | +0.081% | $42.1M | $29.8M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6858 | +0.081% | $116K | $448K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6851 | +0.066% | $5.5M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6910 | +0.192% | $6.7M | $2.7M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6985 | +0.353% | $286K | $306K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6833 | +0.028% | $443K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6862 | +0.089% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6868 | +0.103% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7061 | +0.515% | $188K | $354K | 30x | as long as short |
| Phemex LITUSDTlong | +0.0100% | 4h | 4.6820 | long leg | $1.4M | $2.7M | 20x | |
| Lighter RH LIT | +0.0104% | 1h | 4.6933 | +0.241% | $3.7M | $13.2M | 5x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6824 | +0.008% | $5.1M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6809 | −0.023% | $146K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0318% | 1h | 4.7051 | +0.493% | $8K | $210K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7139 | +0.681% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0402% / S −0.0196% | 1h | 4.6852 | +0.069% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6859 | +0.082% | $31K | $860K | 33x | as long as short |
Coinbase International LIT-PERP-INTX
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Bulk LIT-USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
ApeX Omni LITUSDT
SoDEX LIT-USD
RISEx LIT/USDC
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Lighter RH LIT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT