LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0246%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.076%

Price spread now: Bullet against Phoenix−0.475%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bullet is 0.475% cheaper against Phoenix than usual: you would sell low and buy high (−$47 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.8016	0.0017	pay 0.0002% / 1h	32m 30s	$206K	$288K	5x
Short	Bullet LIT-USD	4.7788	−0.0229	pay 0.0029% / 1h	32m 30s	$86K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BulletbpOrdersPrice spread, now −0.475%Rate

Funding earned: −$51.59
Price spread: −0.475% → 0.000%: −$47.48
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$114.07
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 64 min ago; Bullet: no order-book sample. Net counts fees only.

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, 64 min ago	2.09 bp	16.1 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange LITUSD	−0.0496%	1h	4.7715	−0.627%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0426%	4h	4.7979	−0.078%	$894K	$2.0M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0394%	4h	4.7747	−0.560%	$33K	$313	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0323%	1h	4.7819	−0.411%	$42K	$39K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7938	−0.162%	$607K	$349K	50x	as long as short
Bullet LIT-USDshort	−0.0229%	1h	4.7788	−0.475%	$86K	$66K	20x
OKX LIT-USDT-SWAP	−0.0167%	4h	4.7767	−0.519%	$25.8M	$58.7M	50x	as long as short
Gate LIT_USDT	−0.0162%	4h	4.7850	−0.346%	$2.8M	$4.0M	50x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7960	−0.117%	$57K	$75K	50x	as long as short
Bybit LITUSDT	−0.0093%	4h	4.7760	−0.533%	$41.5M	$27.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7832	−0.382%	$34K	—	5x	as long as short
Backpack LIT_USDC_PERP	+0.0002%	1h	4.7828	−0.392%	$682K	$986K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7853	−0.339%	$36K	—	150x	as long as short
Phoenix LITlong	+0.0017%	1h	4.8016	long leg	$206K	$288K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.050%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0047%	1h	4.7735	−0.585%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7817	−0.414%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7881	−0.281%	$59.6M	$26.1M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7892	−0.258%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7859	−0.327%	$216.2M	$38.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7817	−0.414%	$672K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7764	−0.524%	$76.7M	$73.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7806	−0.437%	$127K	$420K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	−0.224%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7791	−0.469%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7825	−0.398%	$5.5M	$901K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	−0.429%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7979	−0.077%	$294K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7795	−0.460%	$445K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.032%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7756	−0.541%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7821	−0.406%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8019	+0.006%	$193K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7820	−0.408%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7793	−0.465%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7696	−0.666%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7816	−0.415%	$802K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0275%	4h	4.7849	−0.347%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7977	−0.082%	$32K	$627K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7797	−0.456%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7816	−0.418%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0503%	1h	4.7997	−0.040%	$10K	$201K	10x	as long as short