LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.019%

Price spread now: Derive against Phoenix−0.082%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 Derive

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Derive is 0.082% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7121	−0.0034	get 0.0004% / 1h	26m 23s	$244K	$327K	5x
Short	Derive LIT-PERP	4.7082	0.0100	get 0.0013% / 1h	26m 23s	$2K	$729	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.082%Rate

Funding earned: $28.11
Price spread: −0.082% → 0.000%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: $6.9
Costs to cover: 0.130%
Break-even: 5.3 days

Slippage unknown: Phoenix: live order book, 54 min ago; Derive: 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, 54 min ago	2.10 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Gate LIT_USDT	−0.1206%	4h	4.7060	−0.129%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0944%	1h	4.7028	−0.198%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0800%	1h	4.7069	−0.110%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0630%	4h	4.6972	−0.316%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.6978	−0.303%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0526%	4h	4.7060	−0.129%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0451%	4h	4.7015	−0.225%	$25.2M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0329%	1h	4.7018	−0.218%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0305%	4h	4.7030	−0.193%	$42.5M	$30.1M	75x	as long as short
KuCoin LITUSDTM	−0.0288%	4h	4.7035	−0.183%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0215%	1h	4.7068	−0.113%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7080	−0.087%	$899K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	+0.161%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7063	−0.123%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0052%	1h	4.7019	−0.218%	$2.1M	$1.7M	10x	as long as short
Phoenix LITlong	−0.0034%	1h	4.7121	long leg	$244K	$327K	5x
Paradex LIT-USD-PERP	−0.0002%	8h	4.7005	−0.247%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7084	−0.079%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7082	−0.083%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.950%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0051%	4h	4.7011	−0.234%	$286K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7002	−0.253%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7007	−0.242%	$74.6M	$80.8M	75x	as long as short
SoDEX LIT-USD	+0.0068%	1h	4.7030	−0.193%	$992	$464K	5x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7019	−0.216%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7105	−0.034%	$59.3M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7109	−0.025%	$210.0M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7107	−0.030%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7073	−0.102%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7040	−0.172%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6948	−0.366%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7070	−0.108%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7080	−0.087%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7044	−0.163%	$444K	$105K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7082	−0.082%	$2K	$729	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7055	−0.140%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7139	+0.038%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7010	−0.235%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0220%	4h	4.7012	−0.231%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0264%	1h	4.7114	−0.015%	$3.7M	$13.7M	5x	as long as short
Perpl LIT	+0.0335%	43m	4.7072	−0.104%	$31K	$838K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0375% / S −0.0169%	1h	4.7074	−0.101%	$62K	—	50x	as long as short