Funding you earn now, next payment 08:00 UTC−0.0247%/8h= −27.1% APRnext payment −$2.47 per $10,000 · paid last 24h −0.031%
Price spread now: Phemex against Variational Omni−0.022%7-day average +0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.022%, 7d avg +0.040%
=Together, before fees−0.064%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.062% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.031% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.47 per $10,000. 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 | Variational Omni LITE | 966.02 | 0.0247 | pay 0.0247% / 8h | 7h 01m | $242K | $142K | — |
| Short | Phemex LITEUSDT | 965.80 | 0 | get 0.0000% / 8h | 7h 01m | $1.5M | $682K | 10x |
Variational Omni LITE
Phemex LITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. 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
- −$51.92
- Price spread: −0.022% → +0.040%
- −$6.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$70.14
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 7 min ago; Phemex: live order book, 1 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 Variational Omni RFQ quote, 7 min ago | 2.86 bp | doesn't fit | 37.1 bp −$371 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.33 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LITE-PERP-INTX | −0.0096% | 1h | 965.50 | −0.053% | $111K | $214K | 10x | as long as short |
| BloFin LITE-USDT | −0.0018% | 8h | 965.34 | −0.070% | $225K | $236K | 20x | as long as short |
| Aster LITEUSDT | 0.0000% | 8h | 966.22 | +0.021% | $108K | $17K | 20x | as long as short |
| Bybit LITEUSDT | 0.0000% | 8h | 965.54 | −0.049% | $1.9M | $1.6M | 25x | as long as short |
| OKX LITE-USDT-SWAP | 0.0000% | 8h | 965.81 | −0.021% | $3.8M | $17.9M | 25x | as long as short |
| Gate LITE_USDT | 0.0000% | 8h | 965.94 | −0.008% | $8.1M | $5.9M | 50x | as long as short |
| Bitget LITEUSDT | 0.0000% | 8h | 965.31 | −0.073% | $2.8M | $2.8M | 20x | as long as short |
| GRVT LITE_USDT_Perp | 0.0000% | 8h | 966.12 | +0.011% | $483 | $205K | 10x | as long as short |
| SunX LITE-USDT | 0.0000% | 8h | 965.50 | −0.053% | $1K | $4.0M | 10x | as long as short |
| HTX LITE-USDT | 0.0000% | 8h | 966.42 | +0.042% | $7K | $31K | 20x | as long as short |
Coinbase International LITE-PERP-INTX
BloFin LITE-USDT
Aster LITEUSDT
Bybit LITEUSDT
OKX LITE-USDT-SWAP
Gate LITE_USDT
Bitget LITEUSDT
GRVT LITE_USDT_Perp
SunX LITE-USDT
HTX LITE-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex LITEUSDTshort | 0.0000% | 8h | 965.80 | −0.022% | $1.5M | $682K | 10x | |
| QFEX LITE-USD | +0.0014% | 1h | 965.19 | −0.086% | $1.1M | $5.1M | 10x | as long as short |
| Lighter LITE | +0.0032% | 1h | 965.46 | −0.058% | $27K | $101K | 10x | as long as short |
| Vest LITE-USD-PERP | +0.0046% | 1h | 964.76 | −0.130% | — | $3K | 10x | as long as short |
| Polymarket Perps LITE-USD | +0.0050% | 1h | 965.70 | −0.033% | $75K | $228K | 10x | as long as short |
| Ondo Perps LITE-USD.P | +0.0050% | 1h | 965.00 | −0.105% | $168K | $166K | 10x | as long as short |
| KuCoin LITEUSDTM | +0.0100% | 8h | 965.38 | −0.066% | $521K | $38K | 20x | as long as short |
| ApeX Omni LITEUSDT | +0.0100% | 1h | 965.30 | −0.074% | $16K | $265K | 50x | as long as short |
| Orderly PERP_LITE_USDC_mythos | +0.0100% | 8h | 965.66 | −0.037% | $939 | $3K | 10x | as long as short |
| Deribit LITE_USDC-PERPETUAL | +0.0102% | 1h | 965.29 | −0.075% | $19K | $37K | 10x | as long as short |
| Aevo LITE-PERP | +0.0104% | 1h | 965.62 | −0.041% | — | — | 10x | as long as short |
| edgeX LITEUSDC | +0.0114% | 4h | 965.54 | −0.049% | $73K | $457K | 10x | as long as short |
| SoDEX LITE-USD | +0.0176% | 1h | 965.45 | −0.059% | $23K | $10K | 10x | as long as short |
| Variational Omni LITElong | +0.0247% | 8h | 966.02 | long leg | $242K | $142K | — | |
| tradeXYZ xyz:LITE | +0.0254% | 1h | 965.78 | −0.024% | $7.3M | $5.0M | 10x | as long as short |
| Binance LITEUSDT | +0.0359% | 8h | 965.41 | −0.063% | $13.9M | $44.1M | 25x | as long as short |
| Extended LITE-USD | +0.0360% | 1h | 965.21 | −0.084% | $9K | $203K | 10x | as long as short |
QFEX LITE-USD
Lighter LITE
Vest LITE-USD-PERP
Polymarket Perps LITE-USD
Ondo Perps LITE-USD.P
KuCoin LITEUSDTM
ApeX Omni LITEUSDT
Orderly PERP_LITE_USDC_mythos
Deribit LITE_USDC-PERPETUAL
Aevo LITE-PERP
edgeX LITEUSDC
SoDEX LITE-USD
tradeXYZ xyz:LITE
Binance LITEUSDT
Extended LITE-USD