Funding you earn now, next payment 03:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.024%
Price spread now: Pacifica against Phoenix+0.489%107s7-day average −0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−1.553%−$155 · spread now +0.489%, 7d avg −0.107%
=Together, before fees−1.597%+ Points / potential airdropPacifica: Active · farm board−$160 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Pacifica is 0.597% dearer against Phoenix than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of −0.107%. The two prices were read 107 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 | 4.7003 | −0.0034 | get 0.0004% / 1h | 53m 38s | $202K | $299K | 5x |
| Short | Pacifica LIT | 4.7233 | 0.0100 | get 0.0013% / 1h | 53m 38s | $577K | $1.6M | 10x |
Phoenix LIT
Pacifica LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- $28.17
- Price spread: +0.489% → −0.107%
- $59.68
- Slippage, 4 orders
- −$32.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $40.06
- Costs to cover
- 0.478%
- Break-even
- from the start
Slippage from Phoenix: live order book, 62 min ago; Pacifica: 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, 62 min ago | 1.92 bp | 16.1 bp −$16 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 5 min ago | 1.70 bp | 8.4 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LITUSDT | −0.0498% | 1h | 4.7060 | +0.121% | $56K | $76K | 50x | as long as short |
| Nado LIT-PERP | −0.0463% | 1h | 4.7261 | +0.550% | $2.2M | $1.7M | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0390% | 4h | 4.7161 | +0.336% | $32K | $1K | 10x | as long as short |
| Bybit LITUSDT | −0.0338% | 4h | 4.7247 | +0.519% | $41.4M | $28.9M | 75x | as long as short |
| Phemex LITUSDT | −0.0315% | 4h | 4.7180 | +0.377% | $1.4M | $2.8M | 20x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0307% | 1h | 4.7218 | +0.458% | $41K | $40K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0304% | 1h | 4.6904 | −0.211% | $613K | $352K | 50x | as long as short |
| 01 Exchange LITUSD | −0.0264% | 1h | 4.7272 | +0.572% | $33K | $3K | 5x | as long as short |
| Bullet LIT-USD | −0.0225% | 1h | 4.7205 | +0.430% | $84K | $68K | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0126% | 4h | 4.6975 | −0.059% | $904K | $1.7M | 10x | as long as short |
ApeX Omni LITUSDT
Nado LIT-PERP
Orderly PERP_LIT_USDC
Bybit LITUSDT
Phemex LITUSDT
Deribit LIT_USDC-PERPETUAL
Coinbase International LIT-PERP-INTX
01 Exchange LITUSD
Bullet LIT-USD
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack LIT_USDC_PERP | −0.0123% | 1h | 4.7252 | +0.530% | $663K | $1.4M | 5x | as long as short |
| Phoenix LITlong | −0.0034% | 1h | 4.7003 | long leg | $202K | $299K | 5x | |
| OKX LIT-USDT-SWAP | −0.0010% | 4h | 4.7306 | +0.645% | $25.4M | $61.6M | 50x | as long as short |
| RISEx LIT/USDC | −0.0008% | 1h | 4.7271 | +0.571% | $808K | $2.2M | 5x | as long as short |
| KuCoin LITUSDTM | −0.0002% | 4h | 4.7220 | +0.462% | $5.3M | $1.0M | 30x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7291 | +0.614% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7250 | +0.526% | $11K | — | 150x | as long as short |
| Aftermath Perps LITUSD | +0.0018% | 1h | 4.7091 | +0.188% | $10K | $205K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.206% | $422 | $178K | 5.5x | as long as short |
| Extended LIT-USD | +0.0056% | 1h | 4.7217 | +0.455% | $5.2M | $5.0M | 25x | as long as short |
| Paradex LIT-USD-PERP | +0.0071% | 8h | 4.7183 | +0.384% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7267 | +0.562% | $59.0M | $28.1M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7300 | +0.632% | $211.2M | $42.0M | 5x | as long as short |
| Pacifica LITshort | +0.0100% | 1h | 4.7233 | +0.489% | $577K | $1.6M | 10x | |
| Binance LITUSDT | +0.0100% | 4h | 4.7248 | +0.521% | $75.7M | $79.4M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7264 | +0.555% | $118K | $451K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7220 | +0.462% | $2.7M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7216 | +0.453% | $5.7M | $3.8M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7270 | +0.568% | $6.8M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6977 | −0.054% | $287K | $304K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7220 | +0.462% | $441K | $109K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7244 | +0.514% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7216 | +0.453% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7214 | +0.449% | $1K | $385K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6909 | −0.200% | $198K | $360K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7192 | +0.401% | $118K | $8K | 10x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7203 | +0.425% | $148K | — | 3x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7274 | +0.576% | $31K | $761K | 33x | as long as short |
| Aster LITUSDT | +0.0248% | 4h | 4.7323 | +0.680% | $12.7M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7102 | +0.211% | $1.6M | $1.9M | 75x | as long as short |
| Lighter RH LIT | +0.0352% | 1h | 4.7311 | +0.655% | $3.8M | $13.1M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0436% / S −0.0231% | 1h | 4.7249 | +0.524% | $65K | — | 50x | as long as short |
Backpack LIT_USDC_PERP
OKX LIT-USDT-SWAP
RISEx LIT/USDC
KuCoin LITUSDTM
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Aftermath Perps LITUSD
Injective LIT/USDC PERP
Extended LIT-USD
Paradex LIT-USD-PERP
Lighter LIT
Hyperliquid LIT
Binance LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Aevo LIT-PERP
Perpl LIT
Aster LITUSDT
BloFin LIT-USDT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]