Funding you earn now, next payment 11:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.034%
Price spread now: Aevo against Phoenix−0.228%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1191.195% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.228%, 7d avg −0.133%
=Funding pays, the price is against you. Aevo is 0.095% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.228% now, against its 7-day average of −0.133%). If the spread goes back, that is −$10 on $10k: about 5.9 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LIT | 4.7338 | 0.0050 | pay 0.0006% / 1h | 48m 29s | $203K | $269K | 5x |
| Short | Aevo LIT-PERP | 4.7230 | 0.0104 | get 0.0013% / 1h | 48m 29s | $148K | — | 3x |
Phoenix LIT
Aevo LIT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- $11.27
- Price spread: −0.228% → −0.133%
- −$9.52
- Slippage, 4 orders
- −$96.49
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$117.74
- Costs to cover
- 1.195%
- Break-even
- 80.1 days
Slippage from Phoenix: live order book, 55 min ago; Aevo: live order book, 58 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 Phoenix live order book, 55 min ago | 2.07 bp | 16.0 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 58 min ago | 18.75 bp | 32.7 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
LIT on 42 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LITUSDT | −0.0466% | 1h | 4.7260 | −0.165% | $57K | $78K | 50x | as long as short |
| 01 Exchange LITUSD | −0.0456% | 1h | 4.7315 | −0.049% | $31K | $3K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0391% | 1h | 4.7204 | −0.283% | $41K | $19K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0388% | 4h | 4.7127 | −0.446% | $32K | $313 | 10x | as long as short |
| Gate LIT_USDT | −0.0286% | 4h | 4.7380 | +0.089% | $2.8M | $3.3M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0255% | 1h | 4.7237 | −0.213% | $674K | $868K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0240% | 1h | 4.7737 | +0.842% | $606K | $298K | 50x | as long as short |
| Bullet LIT-USD | −0.0213% | 1h | 4.7215 | −0.259% | $84K | $44K | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0128% | 4h | 4.7288 | −0.106% | $877K | $1.9M | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0051% | 4h | 4.7283 | −0.116% | $25.8M | $53.8M | 50x | as long as short |
ApeX Omni LITUSDT
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Gate LIT_USDT
Backpack LIT_USDC_PERP
Coinbase International LIT-PERP-INTX
Bullet LIT-USD
GRVT LIT_USDT_Perp
OKX LIT-USDT-SWAPShow all 42 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | 0.0000% | 1h | 4.7348 | +0.021% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7225 | −0.238% | $35K | — | 150x | as long as short |
| Polymarket Perps LIT-USD | +0.0006% | 1h | 4.7275 | −0.133% | $453K | $125K | 10x | as long as short |
| Pacifica LIT | +0.0023% | 1h | 4.7373 | +0.073% | $627K | $1.5M | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.483% | $422 | $178K | 5.5x | as long as short |
| Extended LIT-USD | +0.0048% | 1h | 4.7319 | −0.040% | $5.1M | $5.0M | 25x | as long as short |
| Phoenix LITlong | +0.0050% | 1h | 4.7338 | long leg | $203K | $269K | 5x | |
| Bybit LITUSDT | +0.0063% | 4h | 4.7290 | −0.101% | $41.0M | $24.9M | 75x | as long as short |
| Paradex LIT-USD-PERP | +0.0081% | 8h | 4.7357 | +0.040% | $7K | $1K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7332 | −0.012% | $786K | $2.4M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7390 | +0.110% | $59.0M | $22.8M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.7375 | +0.078% | $3.4M | $12.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7290 | −0.101% | $2.1M | $1.5M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7363 | +0.053% | $213.6M | $35.0M | 5x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7306 | −0.067% | $76.3M | $66.3M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7341 | +0.006% | $135K | $366K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7356 | +0.038% | $6.2M | $3.5M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.7354 | +0.034% | $5.4M | $633K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7290 | −0.101% | $6.8M | $2.2M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7325 | −0.027% | $291K | $300K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7218 | −0.254% | $2K | $961 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7211 | −0.268% | $4K | $1.0M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7238 | −0.211% | $4K | $299K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7214 | −0.262% | $189K | $253K | 30x | as long as short |
| Phemex LITUSDT | +0.0100% | 4h | 4.7210 | −0.270% | $1.4M | $2.7M | 20x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7560 | +0.469% | $158K | $50K | 10x | as long as short |
| Aevo LIT-PERPshort | +0.0104% | 1h | 4.7230 | −0.228% | $148K | — | 3x | |
| Aster LITUSDT | +0.0136% | 4h | 4.7343 | +0.011% | $12.7M | $1.7M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0277% | 1h | 4.7486 | +0.313% | $8K | $189K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7208 | −0.275% | $1.6M | $2.4M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0421% / S −0.0217% | 1h | 4.7238 | −0.211% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7262 | −0.160% | $28K | $542K | 33x | as long as short |
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Polymarket Perps LIT-USD
Pacifica LIT
Injective LIT/USDC PERP
Extended LIT-USD
Bybit LITUSDT
Paradex LIT-USD-PERP
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Nado LIT-PERP
Hyperliquid LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
edgeX LITUSDC
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Phemex LITUSDT
Bulk LIT-USD
Aster LITUSDT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT