Funding you earn now, next payment 20:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%
Price spread now: Phoenix against SoDEX+0.062%50s7-day average +0.133% · 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−$720.716% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)+0.115%+$11 · spread now +0.062%, 7d avg +0.133%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.071% cheaper against SoDEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.133%). Swap the legs. The two prices were read 50 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 | SoDEX LIT-USD | 4.8195 | 0.0001 | pay 0.0000% / 1h | 33m 34s | $999 | $474K | 5x |
| Short | Phoenix LIT | 4.8225 | −0.0067 | pay 0.0008% / 1h | 33m 34s | $250K | $321K | 5x |
SoDEX LIT-USD
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- −$14.08
- Price spread: +0.062% → +0.133%
- −$7.1
- Slippage, 4 orders
- −$56.61
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$92.8
- Costs to cover
- 0.716%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 15 min ago; Phoenix: live order book, 12 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 SoDEX live order book, 15 min ago | 0.10 bp | 19.6 bp −$20 | 49.6 bp −$496 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 12 min ago | 2.09 bp | 16.1 bp −$16 | 50.1 bp −$501 | 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 | −0.0809% | 1h | 4.8190 | −0.010% | $42K | $40K | 10x | as long as short |
| Phemex LITUSDT | −0.0663% | 4h | 4.8150 | −0.093% | $1.3M | $2.7M | 20x | as long as short |
| Orderly PERP_LIT_USDC | −0.0522% | 4h | 4.8143 | −0.108% | $33K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0520% | 1h | 4.8247 | +0.108% | $34K | $5K | 5x | as long as short |
| Bullet LIT-USD | −0.0337% | 1h | 4.8191 | −0.008% | $87K | $79K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0288% | 1h | 4.8090 | −0.218% | $56K | $81K | 50x | as long as short |
| KuCoin LITUSDTM | −0.0282% | 4h | 4.8270 | +0.156% | $5.3M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0249% | 4h | 4.8289 | +0.195% | $25.8M | $60.7M | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0168% | 4h | 4.8180 | −0.031% | $909K | $1.9M | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0112% | 1h | 4.8250 | +0.114% | $666K | $407K | 50x | as long as short |
Deribit LIT_USDC-PERPETUAL
Phemex LITUSDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Bullet LIT-USD
ApeX Omni LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
GRVT LIT_USDT_Perp
Coinbase International LIT-PERP-INTXShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LITshort | −0.0067% | 1h | 4.8225 | +0.062% | $250K | $321K | 5x | |
| Injective LIT/USDC PERP | −0.0004% | 1h | 4.8040 | −0.322% | $422 | $178K | 5.5x | as long as short |
| Bybit LITUSDT | −0.0003% | 4h | 4.8300 | +0.218% | $43.8M | $29.9M | 75x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.8286 | +0.189% | $35K | — | 5x | as long as short |
| SoDEX LIT-USDlong | +0.0001% | 1h | 4.8195 | long leg | $999 | $474K | 5x | |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8226 | +0.063% | $36K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0004% | 8h | 4.8255 | +0.124% | $5K | $1K | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0007% | 1h | 4.8068 | −0.263% | $11K | $199K | 10x | as long as short |
| RISEx LIT/USDC | +0.0014% | 1h | 4.8333 | +0.286% | $842K | $2.0M | 5x | as long as short |
| Bulk LIT-USD | +0.0058% | 1h | 4.7748 | −0.928% | $120K | $8K | 10x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.8277 | +0.169% | $2.1M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8346 | +0.313% | $214.7M | $44.7M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.8291 | +0.199% | $606K | $1.8M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.8286 | +0.188% | $76.0M | $80.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8290 | +0.197% | $118K | $449K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.8300 | +0.218% | $2.9M | $4.5M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.8263 | +0.141% | $6.2M | $4.2M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8320 | +0.259% | $6.9M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8222 | +0.056% | $669K | $1.5M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.8006 | −0.392% | $292K | $311K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8301 | +0.220% | $456K | $106K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.8235 | +0.083% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.8104 | −0.189% | $5K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8236 | +0.085% | $192K | $328K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.8275 | +0.166% | $5.3M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8203 | +0.016% | $151K | $44K | 3x | as long as short |
| Aster LITUSDT | +0.0159% | 4h | 4.8342 | +0.305% | $12.9M | $2.5M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8099 | −0.199% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0427% / S −0.0232% | 1h | 4.8231 | +0.075% | $60K | — | 50x | as long as short |
| Lighter RH LIT | +0.0432% | 1h | 4.8385 | +0.394% | $3.8M | $13.8M | 5x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.8304 | +0.226% | $32K | $841K | 33x | as long as short |
| Lighter LIT | +0.0544% | 1h | 4.8379 | +0.382% | $60.4M | $29.4M | 5x | as long as short |
Injective LIT/USDC PERP
Bybit LITUSDT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
Aftermath Perps LITUSD
RISEx LIT/USDC
Bulk LIT-USD
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT
Perpl LIT
Lighter LIT