Funding you earn now, next payment 09:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.097%
Price spread now: Phemex against Hyperliquid+0.216%7-day average −0.155% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.424%−$42 on $10k
+Price spread, last 4 days (all we have)−0.423%−$42 · spread now +0.216%, 7d avg −0.155%
=Together, before fees−0.847%+ Points / potential airdropHyperliquid: Season 2 · farm board−$85 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.371% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.216% now, against its 7-day average of −0.155%): +$37 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.424% in total) that is about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LIT | 4.8196 | 0.0184 | pay 0.0023% / 1h | 56m 47s | $217.8M | $38.7M | 5x |
| Short | Phemex LITUSDT | 4.8300 | 0.0100 | get 0.0050% / 4h | 3h 56m | $1.4M | $2.7M | 20x |
Hyperliquid LIT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hyperliquid. 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
- −$17.56
- Price spread: +0.216% → −0.155%
- $37.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1.47
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 min ago; Phemex: live order book, 2 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 Hyperliquid live order book, 7 min ago | 0.10 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 13.46 bp | 36.5 bp −$37 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit LIT_USDC-PERPETUAL | −0.0381% | 1h | 4.8286 | +0.186% | $42K | $39K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0361% | 4h | 4.8215 | +0.039% | $33K | $1K | 10x | as long as short |
| Bybit LITUSDT | −0.0324% | 4h | 4.8137 | −0.122% | $41.9M | $27.4M | 75x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0304% | 1h | 4.7968 | −0.474% | $608K | $349K | 50x | as long as short |
| Bullet LIT-USD | −0.0176% | 1h | 4.8287 | +0.189% | $87K | $66K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0163% | 4h | 4.8124 | −0.149% | $26.0M | $59.7M | 50x | as long as short |
| 01 Exchange LITUSD | −0.0152% | 1h | 4.8293 | +0.201% | $32K | $3K | 5x | as long as short |
| GRVT LIT_USDT_Perp | −0.0028% | 4h | 4.8071 | −0.260% | $890K | $2.0M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.8173 | −0.048% | $35K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8318 | +0.254% | $36K | — | 150x | as long as short |
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
Bybit LITUSDT
Coinbase International LIT-PERP-INTX
Bullet LIT-USD
OKX LIT-USDT-SWAP
01 Exchange LITUSD
GRVT LIT_USDT_Perp
dYdX LIT-USD
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LITUSDT | +0.0016% | 1h | 4.8010 | −0.386% | $57K | $76K | 50x | as long as short |
| Nado LIT-PERP | +0.0021% | 1h | 4.8275 | +0.164% | $2.1M | $1.6M | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | −0.324% | $422 | $178K | 5.5x | as long as short |
| Phoenix LIT | +0.0050% | 1h | 4.8338 | +0.295% | $207K | $288K | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0095% | 8h | 4.8267 | +0.148% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.8187 | −0.019% | $60.0M | $25.9M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.8146 | −0.104% | $714K | $1.8M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.8105 | −0.189% | $77.1M | $73.6M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8287 | +0.189% | $128K | $446K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.8183 | −0.027% | $120K | −$0 | 10x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.8220 | +0.050% | $2.8M | $4.0M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.8157 | −0.081% | $6.1M | $3.9M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.8241 | +0.093% | $5.5M | $935K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8190 | −0.012% | $6.9M | $2.4M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8272 | +0.158% | $688K | $987K | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.8041 | −0.322% | $294K | $301K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8300 | +0.216% | $450K | $86K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.8239 | +0.089% | $2K | $961 | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.8234 | +0.079% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.8280 | +0.174% | $1K | $332K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8334 | +0.286% | $194K | $312K | 30x | as long as short |
| Phemex LITUSDTshort | +0.0100% | 4h | 4.8300 | +0.216% | $1.4M | $2.7M | 20x | |
| Extended LIT-USD | +0.0104% | 1h | 4.8133 | −0.132% | $5.2M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8256 | +0.124% | $151K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0118% | 1h | 4.8330 | +0.278% | $805K | $2.3M | 5x | as long as short |
| Hyperliquid LITlong | +0.0184% | 1h | 4.8196 | long leg | $217.8M | $38.7M | 5x | |
| Lighter RH LIT | +0.0304% | 1h | 4.8198 | +0.004% | $3.7M | $12.1M | 5x | as long as short |
| Aster LITUSDT | +0.0313% | 4h | 4.8199 | +0.006% | $12.9M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8272 | +0.158% | $1.6M | $2.3M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0427% / S −0.0217% | 1h | 4.8311 | +0.238% | $65K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.8321 | +0.260% | $32K | $642K | 33x | as long as short |
| Aftermath Perps LITUSD | +0.0498% | 1h | 4.8140 | −0.117% | $9K | $203K | 10x | as long as short |
ApeX Omni LITUSDT
Nado LIT-PERP
Injective LIT/USDC PERP
Phoenix LIT
Paradex LIT-USD-PERP
Lighter LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
RISEx LIT/USDC
Lighter RH LIT
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT
Aftermath Perps LITUSD