Funding you earn now, next payment 00:00 UTC−0.0446%/8h= −48.9% APRpaid last 24h −0.059%
Price spread now: Phemex against Extended−0.045%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.245%−$24 on $10k
+Price spread, last 3 days (all we have)−0.075%−$7 · spread now −0.045%, 7d avg +0.012%
=Together, before fees−0.320%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.057% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% 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 | Extended LIT-USD | 4.7321 | 0.0104 | pay 0.0013% / 1h | 22m 41s | $5.2M | $5.1M | 25x |
| Short | Phemex LITUSDT | 4.7300 | −0.0342 | pay 0.0171% / 4h | 22m 41s | $1.4M | $2.7M | 20x |
Extended LIT-USD
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$93.72
- Price spread: −0.045% → +0.012%
- −$5.69
- Slippage, 4 orders
- −$49.62
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$166.04
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Extended: 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 Extended live order book, 1 min ago | 0.21 bp | 3.7 bp −$4 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 3.16 bp | 29.7 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0860% | 4h | 4.7360 | +0.081% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0586% | 1h | 4.7304 | −0.038% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0574% | 4h | 4.7243 | −0.166% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0568% | 1h | 4.7193 | −0.272% | $33K | $4K | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0392% | 4h | 4.7369 | +0.100% | $25.7M | $63.9M | 50x | as long as short |
| Phemex LITUSDTshort | −0.0342% | 4h | 4.7300 | −0.045% | $1.4M | $2.7M | 20x | |
| Bullet LIT-USD | −0.0334% | 1h | 4.7292 | −0.062% | $85K | $80K | 20x | as long as short |
| KuCoin LITUSDTM | −0.0210% | 4h | 4.7308 | −0.028% | $5.2M | $1.1M | 30x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.606% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0094% | 4h | 4.7510 | +0.398% | $903K | $1.8M | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
OKX LIT-USDT-SWAP
Bullet LIT-USD
KuCoin LITUSDTM
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0050% | 1h | 4.7329 | +0.016% | $205K | $353K | 5x | as long as short |
| Bybit LITUSDT | −0.0008% | 4h | 4.7360 | +0.081% | $42.6M | $30.1M | 75x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7290 | −0.067% | $31K | $840K | 33x | as long as short |
| dYdX LIT-USD | +0.0001% | 1h | 4.7394 | +0.153% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7329 | +0.017% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7290 | −0.067% | $813K | $2.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0023% | 8h | 4.7346 | +0.051% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.518% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0094% | 4h | 4.7336 | +0.031% | $5.5M | $4.1M | 100x | as long as short |
| edgeX LITUSDC | +0.0095% | 4h | 4.7358 | +0.078% | $288K | $310K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7426 | +0.221% | $59.6M | $30.0M | 5x | as long as short |
| Binance LITUSDT | +0.0097% | 4h | 4.7338 | +0.035% | $75.4M | $81.7M | 75x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7275 | −0.098% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7378 | +0.119% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7371 | +0.105% | $590K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7274 | −0.100% | $120K | $456K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7353 | +0.067% | $118K | $4K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7340 | +0.039% | $6.7M | $2.8M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7369 | +0.100% | $672K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7350 | +0.060% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7316 | −0.012% | $447K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7322 | +0.002% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7304 | −0.037% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7315 | −0.014% | $986 | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7402 | +0.170% | $189K | $343K | 30x | as long as short |
| Extended LIT-USDlong | +0.0104% | 1h | 4.7321 | long leg | $5.2M | $5.1M | 25x | |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7297 | −0.053% | $148K | $44K | 3x | as long as short |
| Hyperliquid LIT | +0.0193% | 1h | 4.7415 | +0.198% | $212.6M | $44.9M | 5x | as long as short |
| Lighter RH LIT | +0.0200% | 1h | 4.7436 | +0.242% | $3.7M | $13.9M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0214% | 1h | 4.7412 | +0.192% | $13K | $203K | 10x | as long as short |
| BloFin LIT-USDT | +0.0335% | 4h | 4.7278 | −0.092% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7323 | +0.004% | $62K | — | 50x | as long as short |
Phoenix LIT
Bybit LITUSDT
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
MEXC LIT_USDT
edgeX LITUSDC
Lighter LIT
Binance LITUSDT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
Hyperliquid LIT
Lighter RH LIT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]