Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.021%7-day average +0.054% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.021%, 7d avg +0.054%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin LITEUSDTM | 959.87 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $526K | $42K | 20x |
| Short | Phemex LITEUSDT | 960.07 | 0 | get 0.0000% / 8h | 4h 08m | $1.5M | $688K | 10x |
KuCoin LITEUSDTM
Phemex LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. 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
- −$21
- Price spread: +0.021% → +0.054%
- −$3.31
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$48.31
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Phemex: live order book, 5 min ago. 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 KuCoin live order book, 5 min ago | 12.35 bp | 53.9 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 5.00 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
LITE on 27 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 LITE_USDC-PERPETUAL | −0.0302% | 1h | 959.88 | +0.001% | $19K | $38K | 10x | as long as short |
| Coinbase International LITE-PERP-INTX | −0.0152% | 1h | 957.73 | −0.223% | $101K | $203K | 10x | as long as short |
| QFEX LITE-USD | 0.0000% | 1h | 959.94 | +0.007% | $1.1M | $3.9M | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 961.07 | +0.125% | $108K | $17K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 959.69 | −0.019% | $14K | $216K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 959.95 | +0.008% | $12.6M | $46.6M | 25x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 960.11 | +0.025% | $1.8M | $1.7M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 960.22 | +0.036% | $3.7M | $17.5M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 960.38 | +0.053% | $8.1M | $6.3M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 959.71 | −0.017% | $2.6M | $2.9M | 20x | as long as short |
Deribit LITE_USDC-PERPETUAL
Coinbase International LITE-PERP-INTX
QFEX LITE-USD
Aster LITEUSDT
Extended LITE-USD
Binance LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni LITE | 0.0000% | 8h | 959.42 | −0.047% | $267K | $148K | — | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 960.11 | +0.025% | $317 | $185K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 959.90 | +0.003% | $470 | $3.8M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 960.22 | +0.036% | $7K | $32K | 20x | as long as short |
| Phemex LITEUSDTshort | 0.0000% | 8h | 960.07 | +0.021% | $1.5M | $688K | 10x | |
| BloFin LITE-USDT | +0.0014% | 8h | 960.18 | +0.032% | $224K | $236K | 20x | as long as short |
| Lighter LITE | +0.0032% | 1h | 960.20 | +0.034% | $27K | $99K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 959.88 | +0.001% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 960.05 | +0.019% | $74K | $228K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 959.89 | +0.002% | $23K | $9K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 960.44 | +0.059% | $48K | $292K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0079% | 1h | 960.20 | +0.034% | $7.2M | $5.4M | 10x | as long as short |
| KuCoin LITEUSDTMlong | +0.0100% | 8h | 959.87 | long leg | $526K | $42K | 20x | |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 959.88 | +0.001% | $16K | $266K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 960.02 | +0.016% | $933 | $3K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 959.83 | −0.004% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0756% | 4h | 959.48 | −0.041% | $70K | $450K | 10x | as long as short |
Variational Omni LITE
GRVT LITE_USDT_Perp
SunX LITE-USDT
HTX LITE-USDT
BloFin LITE-USDT
Lighter LITE
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
tradeXYZ xyz:LITE
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Aevo LITE-PERP
edgeX LITEUSDC