Funding you earn now, next payment 20:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.020%
Price spread now: Phoenix against Bulk−0.281%51s7-day average +0.115% · you buy dearer than you sell
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−$470.467% of the position
Funding, last 3 days (all we have)+0.047%+$5 on $10k
+Price spread, last 3 days (all we have)+1.909%+$191 · spread now −0.281%, 7d avg +0.115%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.395% cheaper against Bulk than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.115%). Swap the legs. The two prices were read 51 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 | Bulk LIT-USD | 4.8413 | 0.0027 | pay 0.0003% / 1h | 20m 14s | $121K | $7K | 10x |
| Short | Phoenix LIT | 4.8277 | −0.0067 | pay 0.0008% / 1h | 20m 14s | $251K | $321K | 5x |
Bulk LIT-USD
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bulk. 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
- −$19.74
- Price spread: −0.281% → +0.115%
- −$39.53
- Slippage, 4 orders
- −$32.7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$105.97
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 8 min ago; Phoenix: live order book, 5 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 Bulk live order book, 8 min ago | 0.83 bp | 6.6 bp −$7 | 15.3 bp −$153 | 44.7 bp −$4,473 | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 2.07 bp | 16.1 bp −$16 | 50.2 bp −$502 | 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 | −0.1025% | 1h | 4.8338 | −0.155% | $42K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0552% | 1h | 4.8254 | −0.328% | $34K | $5K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0539% | 4h | 4.8276 | −0.283% | $33K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0408% | 1h | 4.8323 | −0.186% | $87K | $80K | 20x | as long as short |
| Phemex LITUSDT | −0.0391% | 4h | 4.8310 | −0.213% | $1.3M | $2.7M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0288% | 4h | 4.8308 | −0.217% | $5.4M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0247% | 4h | 4.8327 | −0.177% | $25.8M | $61.1M | 50x | as long as short |
| ApeX Omni LITUSDT | −0.0194% | 1h | 4.8220 | −0.398% | $57K | $81K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0184% | 4h | 4.8265 | −0.305% | $907K | $1.9M | 10x | as long as short |
| Bybit LITUSDT | −0.0141% | 4h | 4.8360 | −0.109% | $43.8M | $29.9M | 75x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Phemex LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
ApeX Omni LITUSDT
GRVT LIT_USDT_Perp
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX LIT-USD | −0.0118% | 1h | 4.8335 | −0.161% | $1K | $474K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0112% | 1h | 4.8452 | +0.081% | $668K | $408K | 50x | as long as short |
| Phoenix LITshort | −0.0067% | 1h | 4.8277 | −0.281% | $251K | $321K | 5x | |
| Aftermath Perps LITUSD | −0.0015% | 1h | 4.8377 | −0.074% | $11K | $199K | 10x | as long as short |
| Paradex LIT-USD-PERP | −0.0008% | 8h | 4.8253 | −0.329% | $5K | $1K | 5x | as long as short |
| Injective LIT/USDC PERP | −0.0004% | 1h | 4.8040 | −0.770% | $422 | $178K | 5.5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.8348 | −0.134% | $35K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8380 | −0.069% | $36K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0014% | 1h | 4.8370 | −0.088% | $830K | $2.0M | 5x | as long as short |
| Bulk LIT-USDlong | +0.0027% | 1h | 4.8413 | long leg | $121K | $7K | 10x | |
| MEXC LIT_USDT | +0.0098% | 4h | 4.8307 | −0.219% | $6.2M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0098% | 4h | 4.8307 | −0.218% | $76.2M | $80.5M | 75x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.8315 | −0.202% | $2.1M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8402 | −0.023% | $215.1M | $44.7M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.8374 | −0.080% | $607K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8329 | −0.173% | $120K | $450K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.8350 | −0.130% | $2.9M | $4.5M | 50x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8370 | −0.089% | $6.9M | $2.7M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8359 | −0.111% | $677K | $1.5M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.8263 | −0.310% | $294K | $311K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8356 | −0.118% | $457K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.8382 | −0.064% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.8329 | −0.173% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8489 | +0.157% | $192K | $328K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.8323 | −0.185% | $5.4M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8407 | −0.013% | $151K | $44K | 3x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.8374 | −0.081% | $32K | $844K | 33x | as long as short |
| Aster LITUSDT | +0.0168% | 4h | 4.8401 | −0.024% | $12.9M | $2.5M | 50x | as long as short |
| BloFin LIT-USDT | +0.0338% | 4h | 4.8328 | −0.175% | $1.6M | $2.1M | 75x | as long as short |
| Lighter LIT | +0.0376% | 1h | 4.8435 | +0.046% | $60.6M | $29.8M | 5x | as long as short |
| Lighter RH LIT | +0.0376% | 1h | 4.8448 | +0.072% | $3.8M | $14.0M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0429% / S −0.0232% | 1h | 4.8367 | −0.095% | $61K | — | 50x | as long as short |
SoDEX LIT-USD
Coinbase International LIT-PERP-INTX
Aftermath Perps LITUSD
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
MEXC LIT_USDT
Binance LITUSDT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Arcus LIT-USD
Gate 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
Perpl LIT
Aster LITUSDT
BloFin LIT-USDT
Lighter LIT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]