Funding you earn now, next payment 19:00 UTC+0.0255%/8hpaid last 24h +0.026%
Price spread now: Phoenix against Bybit−0.060%7-day average +0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 3 days (all we have)+3.396%+$340 · spread now −0.060%, 7d avg +0.158%
=Funding pays, the price is against you. Phoenix is 0.219% cheaper against Bybit than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.158%). If the spread goes back, that is −$22 on $10k: about 2.9 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.131% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% a year). A funding rate is set anew for every payment. 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 | Bybit LITUSDT | 4.7992 | −0.0339 | get 0.0169% / 4h | 6m 46s | $43.7M | $29.7M | 75x |
| Short | Phoenix LIT | 4.7963 | −0.0084 | pay 0.0010% / 1h | 6m 46s | $247K | $280K | 5x |
Bybit LITUSDT
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $53.53
- Price spread: −0.060% → +0.158%
- −$21.88
- Slippage, 4 orders
- −$44.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$30.57
- Costs to cover
- 0.622%
- Break-even
- 11.0 days
Slippage from Bybit: live order book, 1 min ago; Phoenix: live order book, 22 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 | 21.6 bp −$22 | 57.2 bp −$572 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 22 min ago | 2.09 bp | 16.1 bp −$16 | 50.4 bp −$504 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0648% | 1h | 4.7919 | −0.152% | $33K | $5K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0618% | 1h | 4.7980 | −0.025% | $33K | $22K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0485% | 4h | 4.7897 | −0.198% | $33K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0451% | 4h | 4.7930 | −0.129% | $1.3M | $2.7M | 20x | as long as short |
| Bullet LIT-USD | −0.0448% | 1h | 4.7960 | −0.067% | $87K | $79K | 20x | as long as short |
| Bybit LITUSDTlong | −0.0339% | 4h | 4.7992 | long leg | $43.7M | $29.7M | 75x | |
| OKX LIT-USDT-SWAP | −0.0285% | 4h | 4.7993 | +0.002% | $25.6M | $60.7M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0244% | 4h | 4.7953 | −0.081% | $5.3M | $1.1M | 30x | as long as short |
| ApeX Omni LITUSDT | −0.0200% | 1h | 4.7920 | −0.150% | $59K | $79K | 50x | as long as short |
| SoDEX LIT-USD | −0.0194% | 1h | 4.7982 | −0.021% | $994 | $478K | 5x | as long as short |
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Phemex LITUSDT
Bullet LIT-USD
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
ApeX Omni LITUSDT
SoDEX LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0160% | 4h | 4.7980 | −0.025% | $2.8M | $4.7M | 50x | as long as short |
| Phoenix LITshort | −0.0084% | 1h | 4.7963 | −0.060% | $247K | $280K | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0048% | 1h | 4.8039 | +0.098% | $663K | $415K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0018% | 4h | 4.7899 | −0.193% | $898K | $1.9M | 10x | as long as short |
| Paradex LIT-USD-PERP | −0.0012% | 8h | 4.7850 | −0.296% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | +0.0001% | 1h | 4.7920 | −0.150% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8006 | +0.028% | $36K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0038% | 1h | 4.7760 | −0.483% | $419 | $125K | 5.5x | as long as short |
| Bulk LIT-USD | +0.0046% | 1h | 4.7925 | −0.140% | $121K | $7K | 10x | as long as short |
| RISEx LIT/USDC | +0.0061% | 1h | 4.8001 | +0.018% | $829K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0092% | 1h | 4.7935 | −0.119% | $2.1M | $1.7M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.8042 | +0.104% | $59.9M | $29.7M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0097% | 1h | 4.7973 | −0.041% | $11K | $199K | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8029 | +0.077% | $213.0M | $45.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7933 | −0.123% | $597K | $1.8M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7984 | −0.017% | $75.4M | $80.2M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7919 | −0.152% | $118K | $452K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7980 | −0.025% | $6.3M | $4.2M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8020 | +0.058% | $6.9M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7997 | +0.010% | $671K | $1.5M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7913 | −0.164% | $292K | $313K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7992 | 0.000% | $453K | $106K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.8018 | +0.055% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7883 | −0.227% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7924 | −0.142% | $190K | $328K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7976 | −0.033% | $5.4M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7866 | −0.262% | $150K | $44K | 3x | as long as short |
| Aster LITUSDT | +0.0151% | 4h | 4.8044 | +0.107% | $12.8M | $2.6M | 50x | as long as short |
| Lighter RH LIT | +0.0168% | 1h | 4.8067 | +0.156% | $3.8M | $13.9M | 5x | as long as short |
| Perpl LIT | +0.0223% | 43m | 4.7991 | −0.003% | $32K | $856K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7956 | −0.075% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0429% / S −0.0232% | 1h | 4.8005 | +0.027% | $60K | — | 50x | as long as short |
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_Perp
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Bulk LIT-USD
RISEx LIT/USDC
Nado LIT-PERP
Lighter LIT
Aftermath Perps LITUSD
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC 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
Aster LITUSDT
Lighter RH LIT
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]