Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h −0.006%
Price spread now: Phemex against Bybit+0.081%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$970.971% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.081%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.113% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LITUSDT | 4.8051 | 0.0068 | pay 0.0034% / 4h | 1h 55m | $41.7M | $24.8M | 75x |
| Short | Phemex LITUSDT | 4.8090 | 0.0100 | get 0.0050% / 4h | 1h 55m | $1.4M | $2.7M | 20x |
Bybit LITUSDT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $6.77
- Price spread: +0.081% → −0.032%
- $11.28
- Slippage, 4 orders
- −$74.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$79.09
- Costs to cover
- 0.971%
- Break-even
- 88.8 days
Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 6 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 Bybit live order book, 1 min ago | 1.04 bp | 13.6 bp −$14 | 63.6 bp −$636 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 6.26 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
LIT on 41 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0364% | 4h | 4.8020 | −0.065% | $33K | $313 | 10x | as long as short |
| 01 Exchange LITUSD | −0.0304% | 1h | 4.8028 | −0.048% | $31K | $3K | 5x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0296% | 1h | 4.8127 | +0.159% | $609K | $297K | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0133% | 1h | 4.8085 | +0.071% | $42K | $19K | 10x | as long as short |
| Bullet LIT-USD | −0.0095% | 1h | 4.8087 | +0.074% | $86K | $44K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0080% | 4h | 4.8060 | +0.019% | $26.1M | $54.1M | 50x | as long as short |
| Extended LIT-USD | −0.0080% | 1h | 4.8031 | −0.042% | $5.1M | $4.8M | 25x | as long as short |
| ApeX Omni LITUSDT | −0.0026% | 1h | 4.7900 | −0.314% | $58K | $78K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7978 | −0.152% | $34K | — | 5x | as long as short |
| Phoenix LIT | 0.0000% | 1h | 4.7979 | −0.150% | $206K | $266K | 5x | as long as short |
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Coinbase International LIT-PERP-INTX
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
OKX LIT-USDT-SWAP
Extended LIT-USD
ApeX Omni LITUSDT
dYdX LIT-USD
Phoenix LITShow all 41 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perp | +0.0002% | 4h | 4.7911 | −0.291% | $891K | $1.9M | 10x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7974 | −0.161% | $36K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | −0.023% | $422 | $178K | 5.5x | as long as short |
| Bybit LITUSDTlong | +0.0068% | 4h | 4.8051 | long leg | $41.7M | $24.8M | 75x | |
| Gate LIT_USDT | +0.0072% | 4h | 4.8070 | +0.040% | $2.8M | $3.6M | 50x | as long as short |
| Pacifica LIT | +0.0092% | 1h | 4.8061 | +0.021% | $640K | $1.5M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.8107 | +0.117% | $60.0M | $23.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0098% | 8h | 4.8044 | −0.015% | $7K | $1K | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.8037 | −0.029% | $2.1M | $1.5M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8072 | +0.044% | $217.2M | $34.9M | 5x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.8048 | −0.006% | $77.5M | $65.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8066 | +0.031% | $132K | $358K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.8088 | +0.077% | $157K | $37K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.8045 | −0.012% | $6.3M | $3.5M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.8078 | +0.056% | $5.5M | $678K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8060 | +0.019% | $6.9M | $2.2M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8060 | +0.019% | $685K | $869K | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7942 | −0.227% | $294K | $300K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8069 | +0.037% | $448K | $80K | 10x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.8034 | −0.035% | $4K | $1.0M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.8027 | −0.050% | $4K | $297K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8018 | −0.069% | $193K | $269K | 30x | as long as short |
| Phemex LITUSDTshort | +0.0100% | 4h | 4.8090 | +0.081% | $1.4M | $2.7M | 20x | |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8071 | +0.041% | $150K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0176% | 1h | 4.8073 | +0.045% | $808K | $2.3M | 5x | as long as short |
| Aster LITUSDT | +0.0288% | 4h | 4.8096 | +0.094% | $12.9M | $1.8M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8053 | +0.004% | $1.6M | $2.3M | 75x | as long as short |
| Lighter RH LIT | +0.0360% | 1h | 4.8129 | +0.162% | $3.8M | $11.2M | 5x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0424% / S −0.0217% | 1h | 4.8070 | +0.039% | $64K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7968 | −0.174% | $28K | $560K | 33x | as long as short |
| Aftermath Perps LITUSD | +0.0480% | 1h | 4.8033 | −0.038% | $9K | $184K | 10x | as long as short |
GRVT LIT_USDT_Perp
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Gate LIT_USDT
Pacifica LIT
Lighter LIT
Paradex LIT-USD-PERP
Nado LIT-PERP
Hyperliquid LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
RISEx LIT/USDC
Aster LITUSDT
BloFin LIT-USDT
Lighter RH LIT
GMX LIT/USD [ETH-USDC]
Perpl LIT
Aftermath Perps LITUSD