Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.052%
Price spread now: Lighter RH against Phoenix−0.397%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.397%, 7d avg +0.016%
=Together, before fees+0.199%+ Points / potential airdropLighter RH: Points live · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.413% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.397% now, against its 7-day average of +0.016%). If the spread goes back, that is −$41 on $10k: about 11 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 | 4.7656 | −0.0017 | get 0.0002% / 1h | 48m 34s | $205K | $283K | 5x |
| Short | Lighter RH LIT | 4.7467 | 0.0112 | get 0.0014% / 1h | 48m 34s | $3.7M | $12.9M | 5x |
Phoenix LIT
Lighter RH LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $27.06
- Price spread: −0.397% → +0.016%
- −$41.31
- Slippage, 4 orders
- −$33.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$54.52
- Costs to cover
- 0.403%
- Break-even
- 21.1 days
Slippage from Phoenix: live order book, 63 min ago; Lighter RH: live order book, 5 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, 63 min ago | 1.90 bp | 16.1 bp −$16 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.89 bp | 5.4 bp −$5 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0486% | 1h | 4.7354 | −0.633% | $42K | $40K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0448% | 1h | 4.7300 | −0.747% | $612K | $358K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0393% | 4h | 4.7306 | −0.734% | $32K | $1K | 10x | as long as short |
| Phemex LITUSDT | −0.0377% | 4h | 4.7350 | −0.642% | $1.4M | $2.8M | 20x | as long as short |
| 01 Exchange LITUSD | −0.0352% | 1h | 4.7403 | −0.531% | $31K | $5K | 5x | as long as short |
| GRVT LIT_USDT_Perp | −0.0190% | 4h | 4.7507 | −0.313% | $909K | $1.8M | 10x | as long as short |
| Bullet LIT-USD | −0.0188% | 1h | 4.7358 | −0.625% | $85K | $67K | 20x | as long as short |
| Bybit LITUSDT | −0.0153% | 4h | 4.7420 | −0.495% | $41.3M | $28.6M | 75x | as long as short |
| OKX LIT-USDT-SWAP | −0.0132% | 4h | 4.7420 | −0.495% | $25.5M | $60.7M | 50x | as long as short |
| Phoenix LITlong | −0.0017% | 1h | 4.7656 | long leg | $205K | $283K | 5x |
Deribit LIT_USDC-PERPETUAL
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
Phemex LITUSDT
01 Exchange LITUSD
GRVT LIT_USDT_Perp
Bullet LIT-USD
Bybit LITUSDT
OKX LIT-USDT-SWAPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LITUSDTM | −0.0014% | 4h | 4.7426 | −0.483% | $5.3M | $1.0M | 30x | as long as short |
| RISEx LIT/USDC | −0.0012% | 1h | 4.7457 | −0.418% | $820K | $2.2M | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7411 | −0.513% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7415 | −0.505% | $31K | $705K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7398 | −0.542% | $11K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.806% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0091% | 8h | 4.7362 | −0.617% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7457 | −0.418% | $59.2M | $27.6M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7362 | −0.618% | $2.2M | $1.6M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7452 | −0.428% | $212.1M | $40.6M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7424 | −0.486% | $574K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7414 | −0.508% | $76.1M | $77.5M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7451 | −0.430% | $116K | $451K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7722 | +0.138% | $119K | $7K | 10x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7410 | −0.516% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7394 | −0.550% | $5.8M | $3.8M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7430 | −0.474% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7383 | −0.573% | $664K | $1.1M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7544 | −0.236% | $291K | $304K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7560 | −0.201% | $57K | $74K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7388 | −0.562% | $445K | $86K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7386 | −0.567% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7355 | −0.632% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7349 | −0.644% | $1K | $349K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7417 | −0.502% | $200K | $348K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7400 | −0.538% | $5.2M | $4.9M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7350 | −0.642% | $148K | — | 3x | as long as short |
| Lighter RH LITshort | +0.0112% | 1h | 4.7467 | −0.397% | $3.7M | $12.9M | 5x | |
| Aster LITUSDT | +0.0219% | 4h | 4.7457 | −0.417% | $12.7M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7368 | −0.604% | $1.6M | $1.9M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0429% | 1h | 4.7489 | −0.350% | $8K | $204K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0438% / S −0.0231% | 1h | 4.7389 | −0.560% | $66K | — | 50x | as long as short |
KuCoin LITUSDTM
RISEx LIT/USDC
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]