Funding you earn now, next payment 23:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h +0.026%
Price spread now: MEXC against Phoenix−0.046%7-day average −0.165% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)−0.719%−$72 · spread now −0.046%, 7d avg −0.165%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.118% dearer against Phoenix than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.165%. Mind the row above: over the last 7 days funding on this pair cost −0.097%, 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 | 4.7392 | −0.0050 | get 0.0006% / 1h | 19m 05s | $205K | $353K | 5x |
| Short | MEXC LIT_USDT | 4.7370 | 0.0100 | get 0.0050% / 4h | 19m 05s | $5.7M | $4.1M | 100x |
Phoenix LIT
MEXC LIT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $31.58
- Price spread: −0.046% → −0.165%
- $11.85
- Slippage, 4 orders
- −$27.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $4.54
- Costs to cover
- 0.389%
- Break-even
- 6.0 days
Slippage from Phoenix: live order book, 57 min ago; MEXC: live order book, 3 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, 57 min ago | 1.91 bp | 16.1 bp −$16 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.11 bp | 3.4 bp −$3 | 53.8 bp −$538 | 316.4 bp −$31.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0826% | 4h | 4.7390 | −0.004% | $2.8M | $4.5M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0557% | 4h | 4.7336 | −0.118% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0544% | 1h | 4.7341 | −0.108% | $33K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0467% | 1h | 4.7400 | +0.017% | $42K | $40K | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0370% | 4h | 4.7358 | −0.072% | $25.8M | $63.9M | 50x | as long as short |
| Bullet LIT-USD | −0.0324% | 1h | 4.7368 | −0.051% | $85K | $80K | 20x | as long as short |
| Phemex LITUSDT | −0.0305% | 4h | 4.7370 | −0.046% | $1.4M | $2.7M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0190% | 4h | 4.7353 | −0.082% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.456% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0090% | 4h | 4.7310 | −0.173% | $907K | $1.8M | 10x | as long as short |
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
OKX LIT-USDT-SWAP
Bullet LIT-USD
Phemex LITUSDT
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LITlong | −0.0050% | 1h | 4.7392 | long leg | $205K | $353K | 5x | |
| Perpl LIT | 0.0000% | 43m | 4.7374 | −0.038% | $31K | $840K | 33x | as long as short |
| dYdX LIT-USD | +0.0001% | 1h | 4.7353 | −0.083% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7428 | +0.076% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7377 | −0.032% | $819K | $2.1M | 5x | as long as short |
| Bybit LITUSDT | +0.0015% | 4h | 4.7382 | −0.021% | $42.6M | $30.1M | 75x | as long as short |
| Paradex LIT-USD-PERP | +0.0028% | 8h | 4.7328 | −0.135% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.367% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0095% | 4h | 4.7260 | −0.278% | $288K | $310K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7427 | +0.074% | $59.6M | $30.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7325 | −0.141% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7402 | +0.021% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7354 | −0.080% | $589K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7363 | −0.062% | $75.5M | $81.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7360 | −0.068% | $120K | $456K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7316 | −0.160% | $118K | $2K | 10x | as long as short |
| MEXC LIT_USDTshort | +0.0100% | 4h | 4.7370 | −0.046% | $5.7M | $4.1M | 100x | |
| Bitget LITUSDT | +0.0100% | 4h | 4.7380 | −0.025% | $6.7M | $2.8M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7394 | +0.004% | $682K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7320 | −0.152% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7355 | −0.078% | $447K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7419 | +0.057% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7328 | −0.135% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7395 | +0.006% | $982 | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7402 | +0.021% | $189K | $343K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7396 | +0.009% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7347 | −0.096% | $148K | $44K | 3x | as long as short |
| Hyperliquid LIT | +0.0199% | 1h | 4.7436 | +0.092% | $212.7M | $44.9M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0227% | 1h | 4.7415 | +0.048% | $13K | $203K | 10x | as long as short |
| Lighter RH LIT | +0.0240% | 1h | 4.7442 | +0.106% | $3.7M | $13.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7386 | −0.013% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7415 | +0.049% | $62K | — | 50x | as long as short |
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Bybit LITUSDT
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
edgeX LITUSDC
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
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
Hyperliquid LIT
Aftermath Perps LITUSD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]