Funding you earn now, next payment 03:00 UTC+0.0369%/8h= +40.4% APRpaid last 24h +0.075%
Price spread now: Perpl against Phoenix+0.037%61s7-day average −0.062% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.037%, 7d avg −0.062%
=Together, before fees−0.104%+ Points / potential airdropPerpl: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Perpl is 0.099% dearer against Phoenix than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LIT | 4.6980 | −0.0034 | get 0.0004% / 1h | 22m 00s | $202K | $305K | 5x |
| Short | Perpl LIT | 4.6997 | 0.0335 | get 0.0030% / 43m | 36m 00s | $31K | $770K | 33x |
Phoenix LIT
Perpl LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $77.5
- Price spread: +0.037% → −0.062%
- $9.88
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $66.58
- Costs to cover
- 0.208%
- Break-even
- 1.0 days
Slippage unknown: Phoenix: live order book, 34 min ago; Perpl: 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, 34 min ago | 1.92 bp | 16.1 bp −$16 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 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 | −0.0652% | 1h | 4.6943 | −0.079% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0416% | 1h | 4.7006 | +0.055% | $33K | $3K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0388% | 4h | 4.6891 | −0.189% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0284% | 1h | 4.6943 | −0.080% | $84K | $68K | 20x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | −0.282% | $612K | $398K | 50x | as long as short |
| Gate LIT_USDT | −0.0164% | 4h | 4.6950 | −0.064% | $2.7M | $4.3M | 50x | as long as short |
| Bybit LITUSDT | −0.0086% | 4h | 4.6990 | +0.021% | $41.3M | $28.8M | 75x | as long as short |
| Phemex LITUSDT | −0.0053% | 4h | 4.6920 | −0.128% | $1.3M | $2.8M | 20x | as long as short |
| Phoenix LITlong | −0.0034% | 1h | 4.6980 | long leg | $202K | $305K | 5x | |
| Extended LIT-USD | −0.0024% | 1h | 4.6933 | −0.100% | $5.1M | $5.0M | 25x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Coinbase International LIT-PERP-INTX
Gate LIT_USDT
Bybit LITUSDT
Phemex LITUSDT
Extended LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | 0.0000% | 1h | 4.7001 | +0.044% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6978 | −0.004% | $11K | — | 150x | as long as short |
| OKX LIT-USDT-SWAP | +0.0010% | 4h | 4.7008 | +0.060% | $25.2M | $61.2M | 50x | as long as short |
| KuCoin LITUSDTM | +0.0016% | 4h | 4.6949 | −0.066% | $5.2M | $1.0M | 30x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.256% | $422 | $178K | 5.5x | as long as short |
| Backpack LIT_USDC_PERP | +0.0058% | 1h | 4.6974 | −0.013% | $657K | $1.4M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0071% | 1h | 4.6995 | +0.032% | $439K | $109K | 10x | as long as short |
| Nado LIT-PERP | +0.0072% | 1h | 4.6970 | −0.021% | $2.2M | $1.7M | 10x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.7007 | +0.057% | $790K | $2.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0073% | 8h | 4.6964 | −0.034% | $6K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6994 | +0.030% | $58.5M | $28.8M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.7003 | +0.049% | $3.6M | $13.2M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7014 | +0.072% | $210.3M | $41.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7006 | +0.055% | $592K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6967 | −0.028% | $75.2M | $79.3M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7020 | +0.085% | $117K | $458K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6895 | −0.181% | $117K | $1K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6927 | −0.113% | $5.6M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6950 | −0.064% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6936 | −0.094% | $287K | $304K | 10x | as long as short |
| GRVT LIT_USDT_Perp | +0.0100% | 4h | 4.6950 | −0.064% | $903K | $1.8M | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.6950 | −0.064% | $56K | $76K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6984 | +0.008% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7007 | +0.057% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6955 | −0.053% | $1K | $380K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7024 | +0.094% | $199K | $368K | 30x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6943 | −0.079% | $147K | — | 3x | as long as short |
| Aster LITUSDT | +0.0219% | 4h | 4.7038 | +0.123% | $12.6M | $1.9M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0258% | 1h | 4.6950 | −0.064% | $9K | $207K | 10x | as long as short |
| Perpl LITshort | +0.0335% | 43m | 4.6997 | +0.037% | $31K | $770K | 33x | |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6914 | −0.140% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0435% / S −0.0231% | 1h | 4.6972 | −0.018% | $65K | — | 50x | as long as short |
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
Injective LIT/USDC PERP
Backpack LIT_USDC_PERP
Polymarket Perps LIT-USD
Nado LIT-PERP
RISEx LIT/USDC
Paradex LIT-USD-PERP
Lighter LIT
Lighter RH LIT
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
GRVT LIT_USDT_Perp
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
Aster LITUSDT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]