Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: Nado against Phoenix+0.385%57s7-day average −0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.528% of the position
Funding, last 3 days (all we have)−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)−0.482%−$48 · spread now +0.385%, 7d avg −0.125%
=Together, before fees−0.509%+ Points / potential airdropNado: Active · farm board−$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.509% dearer against Phoenix than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of −0.125%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LIT | 4.7192 | −0.0034 | get 0.0004% / 1h | 8m 00s | $204K | $327K | 5x |
| Short | Nado LIT-PERP | 4.7373 | −0.0006 | pay 0.0001% / 1h | 8m 00s | $2.2M | $1.7M | 10x |
Phoenix LIT
Nado LIT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $5.84
- Price spread: +0.385% → −0.125%
- $50.93
- Slippage, 4 orders
- −$38.85
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $3.92
- Costs to cover
- 0.528%
- Break-even
- 2.3 days
Slippage from Phoenix: live order book, 8 min ago; Nado: live order book, 1 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, 8 min ago | 1.91 bp | 16.1 bp −$16 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Nado live order book, 1 min ago | 2.32 bp | 10.8 bp −$11 | 27.8 bp −$278 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.1176% | 4h | 4.7460 | +0.568% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0930% | 1h | 4.7386 | +0.411% | $42K | $40K | 10x | as long as short |
| Backpack LIT_USDC_PERP | −0.0643% | 1h | 4.7455 | +0.557% | $666K | $1.4M | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0629% | 4h | 4.7339 | +0.311% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7335 | +0.303% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0508% | 4h | 4.7370 | +0.377% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0470% | 4h | 4.7429 | +0.502% | $25.6M | $63.4M | 50x | as long as short |
| Bullet LIT-USD | −0.0332% | 1h | 4.7365 | +0.367% | $85K | $81K | 20x | as long as short |
| Aftermath Perps LITUSD | −0.0262% | 1h | 4.7316 | +0.263% | $10K | $202K | 10x | as long as short |
| Bybit LITUSDT | −0.0248% | 4h | 4.7421 | +0.485% | $42.8M | $30.2M | 75x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Backpack LIT_USDC_PERP
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Aftermath Perps LITUSD
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LITUSDTM | −0.0242% | 4h | 4.7432 | +0.509% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7507 | +0.667% | $672K | $401K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0134% | 4h | 4.7261 | +0.147% | $900K | $1.8M | 10x | as long as short |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7397 | +0.433% | $811K | $2.1M | 5x | as long as short |
| Phoenix LITlong | −0.0034% | 1h | 4.7192 | long leg | $204K | $327K | 5x | |
| Nado LIT-PERPshort | −0.0006% | 1h | 4.7373 | +0.385% | $2.2M | $1.7M | 10x | |
| Paradex LIT-USD-PERP | −0.0001% | 8h | 4.7394 | +0.427% | $7K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7493 | +0.638% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7390 | +0.420% | $31K | $840K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7441 | +0.527% | $35K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.797% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0056% | 4h | 4.7404 | +0.449% | $5.7M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0056% | 4h | 4.7428 | +0.500% | $75.4M | $81.0M | 75x | as long as short |
| edgeX LITUSDC | +0.0062% | 4h | 4.7408 | +0.458% | $288K | $310K | 10x | as long as short |
| Aevo LIT-PERP | +0.0072% | 1h | 4.7400 | +0.441% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7486 | +0.623% | $59.8M | $30.0M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7511 | +0.676% | $212.3M | $44.3M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7473 | +0.595% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7475 | +0.600% | $615K | $1.6M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7421 | +0.485% | $118K | $450K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7396 | +0.432% | $118K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7450 | +0.547% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7280 | +0.186% | $55K | $76K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7391 | +0.422% | $448K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7433 | +0.512% | $2K | $650 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7376 | +0.390% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7395 | +0.430% | $997 | $465K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7518 | +0.691% | $190K | $329K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7415 | +0.473% | $5.2M | $5.1M | 25x | as long as short |
| Lighter RH LIT | +0.0192% | 1h | 4.7497 | +0.646% | $3.7M | $13.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0225% | 4h | 4.7391 | +0.422% | $1.5M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7424 | +0.491% | $62K | — | 50x | as long as short |
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Paradex LIT-USD-PERP
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]