LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0217%/8h= −23.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.052%

Price spread now: Phoenix against Hyperliquid−0.044%7-day average +0.017% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 4 days (all we have)+3.152%+$315 · spread now −0.044%, 7d avg +0.017%

Together, before fees+2.944%+ Points / potential airdropHyperliquid: Season 2 · farm board+$294 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phoenix is 0.060% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.8019	0.0267	pay 0.0033% / 1h	43m 16s	$216.8M	$39.0M	5x
Short	Phoenix LIT	4.7998	0.0050	get 0.0006% / 1h	43m 16s	$206K	$293K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhoenixbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$45.56
Price spread: −0.044% → +0.017%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$67.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Phoenix: live order book, 58 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, 11 min ago	0.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 58 min ago	2.10 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	−0.0655%	1h	4.7912	−0.223%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0392%	1h	4.7923	−0.200%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0366%	4h	4.7869	−0.312%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.498%	$605K	$347K	50x	as long as short
Bullet LIT-USD	−0.0261%	1h	4.7924	−0.198%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7933	−0.179%	$25.7M	$59.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0096%	4h	4.7900	−0.248%	$891K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0079%	1h	4.7900	−0.248%	$57K	$73K	50x	as long as short
Bybit LITUSDT	−0.0007%	4h	4.7930	−0.185%	$41.7M	$28.0M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8000	−0.039%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7968	−0.106%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.044%	$422	$178K	5.5x	as long as short
Phoenix LITshort	+0.0050%	1h	4.7998	−0.044%	$206K	$293K	5x
Phemex LITUSDT	+0.0061%	4h	4.7930	−0.185%	$1.4M	$2.8M	20x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7976	−0.089%	$801K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7929	−0.188%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8008	−0.023%	$59.7M	$26.4M	5x	as long as short
KuCoin LITUSDTM	+0.0098%	4h	4.7943	−0.158%	$5.5M	$958K	30x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7920	−0.206%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7984	−0.073%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7922	−0.202%	$76.8M	$74.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7955	−0.133%	$125K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8008	−0.023%	$120K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7970	−0.102%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7910	−0.227%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	−0.144%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7984	−0.073%	$767K	$944K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7930	−0.186%	$293K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7941	−0.162%	$450K	$82K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7959	−0.124%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7917	−0.212%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7918	−0.210%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7931	−0.183%	$200K	$298K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7904	−0.240%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7914	−0.219%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.8006	−0.027%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0183%	4h	4.8020	+0.002%	$12.9M	$1.9M	50x	as long as short
Hyperliquid LITlong	+0.0267%	1h	4.8019	long leg	$216.8M	$39.0M	5x
Aftermath Perps LITUSD	+0.0326%	1h	4.7946	−0.153%	$10K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7898	−0.252%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7961	−0.121%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7966	−0.110%	$32K	$653K	33x	as long as short