Funding you earn now, next payment 02:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.029%
Price spread now: Arcus against Phoenix−0.257%49s7-day average −0.104% · 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—prices read too far apart to compare
costs, in and out, $10k−$520.522% of the position
Funding, last 4 days (all we have)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−1.389%−$139 · spread now −0.257%, 7d avg −0.104%
=Funding pays, the price is against you. Arcus is 0.153% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.257% now, against its 7-day average of −0.104%). If the spread goes back, that is −$15 on $10k: about 2.8 days of funding at the current rate (+$6 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.007% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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 | Phoenix LIT | 4.7086 | −0.0085 | get 0.0011% / 1h | 11m 44s | $203K | $341K | 5x |
| Short | Arcus LIT-USD | 4.6965 | 0.0100 | get 0.0013% / 1h | 11m 44s | $122K | $454K | 5x |
Phoenix LIT
Arcus LIT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $38.82
- Price spread: −0.257% → −0.104%
- −$15.3
- Slippage, 4 orders
- −$40.68
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$28.67
- Costs to cover
- 0.522%
- Break-even
- 12.2 days
Slippage from Phoenix: live order book, 50 min ago; Arcus: live order book, 52 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, 50 min ago | 1.91 bp | 16.1 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 52 min ago | 4.90 bp | 7.6 bp −$8 | 9.7 bp −$97 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0384% | 4h | 4.6903 | −0.389% | $32K | $1K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0346% | 1h | 4.6964 | −0.258% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0296% | 1h | 4.6901 | −0.393% | $33K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0248% | 1h | 4.6953 | −0.283% | $84K | $68K | 20x | as long as short |
| Gate LIT_USDT | −0.0096% | 4h | 4.6890 | −0.416% | $2.8M | $4.3M | 50x | as long as short |
| Phoenix LITlong | −0.0085% | 1h | 4.7086 | long leg | $203K | $341K | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −0.608% | $611K | $411K | 50x | as long as short |
| Phemex LITUSDT | −0.0011% | 4h | 4.6960 | −0.268% | $1.4M | $2.8M | 20x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6996 | −0.192% | $11K | — | 150x | as long as short |
| dYdX LIT-USD | +0.0005% | 1h | 4.6971 | −0.245% | $34K | — | 5x | as long as short |
Orderly PERP_LIT_USDC
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Bullet LIT-USD
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
gTrade (Gains Network) LIT/USD
dYdX LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LIT-USDT-SWAP | +0.0022% | 4h | 4.6905 | −0.384% | $25.2M | $61.9M | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.026% | $422 | $178K | 5.5x | as long as short |
| KuCoin LITUSDTM | +0.0044% | 4h | 4.6905 | −0.384% | $5.2M | $1.0M | 30x | as long as short |
| Paradex LIT-USD-PERP | +0.0073% | 8h | 4.6929 | −0.334% | $7K | $2K | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0082% | 4h | 4.7444 | +0.760% | $927K | $1.7M | 10x | as long as short |
| Bybit LITUSDT | +0.0088% | 4h | 4.6878 | −0.442% | $41.6M | $28.7M | 75x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6983 | −0.219% | $58.5M | $28.9M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6962 | −0.263% | $3.6M | $13.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0099% | 1h | 4.7460 | +0.794% | $57K | $76K | 50x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6966 | −0.256% | $783K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6945 | −0.299% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6947 | −0.295% | $209.8M | $41.9M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6977 | −0.231% | $580K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6915 | −0.363% | $74.8M | $79.1M | 75x | as long as short |
| Arcus LIT-USDshort | +0.0100% | 1h | 4.6965 | −0.257% | $122K | $454K | 5x | |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6883 | −0.431% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6920 | −0.353% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.6923 | −0.346% | $667K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7387 | +0.638% | $289K | $305K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6976 | −0.234% | $439K | $110K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6983 | −0.218% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6946 | −0.297% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6965 | −0.257% | $2K | $397K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7100 | +0.030% | $195K | $388K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7305 | +0.465% | $118K | $973 | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6888 | −0.420% | $5.2M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6975 | −0.235% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0190% | 1h | 4.7108 | +0.047% | $9K | $205K | 10x | as long as short |
| Aster LITUSDT | +0.0208% | 4h | 4.6939 | −0.313% | $12.6M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6947 | −0.295% | $1.6M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0415% / S −0.0213% | 1h | 4.6990 | −0.203% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6985 | −0.215% | $31K | $814K | 33x | as long as short |
OKX LIT-USDT-SWAP
Injective LIT/USDC PERP
KuCoin LITUSDTM
Paradex LIT-USD-PERP
GRVT LIT_USDT_Perp
Bybit LITUSDT
Lighter LIT
Lighter RH LIT
ApeX Omni LITUSDT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
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]
Perpl LIT