Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.007%
Price spread now: Injective against Phoenix+2.235%7-day average −10.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 3 days (all we have)−16.891%−$1,689 · spread now +2.235%, 7d avg −10.065%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Injective is 12.299% dearer against Phoenix than usual: you sell high and buy low: +$1,230 more if the spread goes back to its 7-day average of −10.065%. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LIT | 4.6990 | −0.0102 | get 0.0013% / 1h | 0m 38s | $203K | $352K | 5x |
| Short | Injective LIT/USDC PERP | 4.8040 | 0.0033 | get 0.0004% / 1h | 0m 38s | $422 | $178K | 5.5x |
Phoenix LIT
Injective LIT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $28.42
- Price spread: +2.235% → −10.065%
- $1,229.91
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,251.31
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 66 min ago; Injective: 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, 66 min ago | 2.10 bp | 16.0 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 41 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 | −0.0480% | 1h | 4.7089 | +0.211% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0421% | 4h | 4.7011 | +0.045% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0301% | 1h | 4.7072 | +0.174% | $85K | $67K | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0102% | 4h | 4.6953 | −0.079% | $898K | $1.7M | 10x | as long as short |
| Phoenix LITlong | −0.0102% | 1h | 4.6990 | long leg | $203K | $352K | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0080% | 1h | 4.7385 | +0.840% | $670K | $370K | 50x | as long as short |
| ApeX Omni LITUSDT | −0.0069% | 1h | 4.6920 | −0.149% | $56K | $77K | 50x | as long as short |
| KuCoin LITUSDTM | −0.0064% | 4h | 4.7061 | +0.151% | $5.2M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0057% | 4h | 4.7097 | +0.228% | $25.5M | $61.7M | 50x | as long as short |
| Phemex LITUSDT | −0.0055% | 4h | 4.7060 | +0.149% | $1.4M | $2.7M | 20x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTX
ApeX Omni LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
Phemex LITUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0002% | 4h | 4.7090 | +0.213% | $2.8M | $4.3M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7092 | +0.216% | $34K | — | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | 0.0000% | 1h | 4.7074 | +0.178% | $41K | $40K | 10x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7089 | +0.211% | $11K | — | 150x | as long as short |
| Injective LIT/USDC PERPshort | +0.0033% | 1h | 4.8040 | +2.235% | $422 | $178K | 5.5x | |
| Bulk LIT-USD | +0.0039% | 1h | 4.6872 | −0.251% | $117K | $1K | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0052% | 8h | 4.7037 | +0.100% | $7K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0081% | 1h | 4.7105 | +0.246% | $811K | $2.0M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7119 | +0.275% | $59.0M | $29.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7085 | +0.202% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7160 | +0.362% | $210.9M | $41.3M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7092 | +0.217% | $584K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7070 | +0.170% | $74.9M | $78.0M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.7084 | +0.200% | $41.8M | $28.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7080 | +0.192% | $117K | $444K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7062 | +0.153% | $5.4M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7110 | +0.255% | $6.7M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7112 | +0.260% | $683K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6943 | −0.100% | $286K | $305K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7072 | +0.175% | $445K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7090 | +0.212% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7058 | +0.145% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7090 | +0.213% | $1K | $415K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7050 | +0.128% | $190K | $352K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7049 | +0.126% | $5.1M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7056 | +0.141% | $147K | — | 3x | as long as short |
| Aster LITUSDT | +0.0141% | 4h | 4.7161 | +0.364% | $12.6M | $2.0M | 50x | as long as short |
| Lighter RH LIT | +0.0224% | 1h | 4.7179 | +0.402% | $3.7M | $13.3M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0296% | 1h | 4.7033 | +0.091% | $9K | $209K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0407% / S −0.0202% | 1h | 4.7083 | +0.197% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7091 | +0.214% | $31K | $833K | 33x | as long as short |
Gate LIT_USDT
dYdX LIT-USD
Deribit LIT_USDC-PERPETUAL
gTrade (Gains Network) LIT/USD
Bulk LIT-USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
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
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Lighter RH LIT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT