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 Orderly+0.061%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.061% dearer against Orderly than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_LITE_USDC_mythos | 954.00 | 0.0100 | pay 0.0100% / 8h | 3h 44m | $927 | $3K | 10x |
| Short | Phemex LITEUSDT | 954.58 | 0 | get 0.0000% / 8h | 3h 44m | $1.5M | $691K | 10x |
Orderly PERP_LITE_USDC_mythos
Phemex LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Orderly. 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: +0.061% → 0.000%
- $6.08
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$32.92
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 3 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 3.98 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0224% | 1h | 957.73 | +0.391% | $101K | $203K | 10x | as long as short |
| QFEX LITE-USD | −0.0002% | 1h | 953.56 | −0.046% | $1.1M | $3.8M | 10x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 954.85 | +0.089% | $107K | $17K | 20x | as long as short |
| Extended LITE-USD | 0.0000% | 1h | 953.60 | −0.042% | $17K | $218K | 10x | as long as short |
| Binance LITEUSDT | 0.0000% | 8h | 953.89 | −0.011% | $12.5M | $46.8M | 25x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 954.05 | +0.005% | $1.8M | $1.7M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 953.71 | −0.030% | $3.7M | $17.5M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 953.87 | −0.014% | $8.0M | $6.2M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 953.98 | −0.002% | $2.6M | $2.9M | 20x | as long as short |
| Variational Omni LITE | 0.0000% | 8h | 954.69 | +0.073% | $261K | $153K | — | as long as short |
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 LITEUSDT
Variational Omni LITEShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 953.09 | −0.096% | $295 | $185K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 953.60 | −0.042% | $864 | $3.8M | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | 0.0000% | 1h | 953.73 | −0.028% | $18K | $39K | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 955.22 | +0.128% | $7K | $32K | 20x | as long as short |
| Phemex LITEUSDTshort | 0.0000% | 8h | 954.58 | +0.061% | $1.5M | $691K | 10x | |
| BloFin LITE-USDT | +0.0003% | 8h | 953.97 | −0.003% | $222K | $234K | 20x | as long as short |
| Lighter LITE | +0.0032% | 1h | 953.64 | −0.038% | $23K | $103K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 953.78 | −0.023% | — | $3K | 10x | as long as short |
| tradeXYZ xyz:LITE | +0.0050% | 1h | 954.05 | +0.005% | $7.2M | $5.5M | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 954.02 | +0.002% | $74K | $228K | 10x | as long as short |
| SoDEX LITE-USD | +0.0050% | 1h | 954.11 | +0.012% | $23K | $9K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 953.48 | −0.055% | $34K | $305K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 954.20 | +0.021% | $523K | $43K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 954.56 | +0.059% | $16K | $266K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythoslong | +0.0100% | 8h | 954.00 | long leg | $927 | $3K | 10x | |
| Aevo LITE-PERP | +0.0104% | 1h | 953.88 | −0.012% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0875% | 4h | 954.73 | +0.077% | $66K | $454K | 10x | as long as short |
GRVT LITE_USDT_Perp
SunX LITE-USDT
Deribit LITE_USDC-PERPETUAL
HTX LITE-USDT
BloFin LITE-USDT
Lighter LITE
Vest LITE-USD-PERP
tradeXYZ xyz:LITE
Polymarket Perps LITE-USD
SoDEX LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Aevo LITE-PERP
edgeX LITEUSDC