Funding you earn now, next payment 01:00 UTC−0.0202%/8h= −22.1% APRnext payment −$0.25 per $10,000 · paid last 24h −0.012%
Price spread now: Phoenix against Nado+0.171%57s7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.524% of the position
Funding, last 3 days (all we have)+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.171%, 7d avg +0.127%
=Together, before fees−0.063%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.043% dearer against Nado than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.127%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 17 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.023% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. 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 | Nado LIT-PERP | 4.6910 | 0.0100 | pay 0.0012% / 1h | 58m 03s | $2.2M | $1.7M | 10x |
| Short | Phoenix LIT | 4.6990 | −0.0102 | pay 0.0013% / 1h | 58m 03s | $202K | $339K | 5x |
Nado LIT-PERP
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- −$42.42
- Price spread: +0.171% → +0.127%
- $4.33
- Slippage, 4 orders
- −$38.44
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$90.53
- Costs to cover
- 0.524%
- Break-even
- never at this rate
Slippage from Nado: live order book, 1 min ago; Phoenix: live order book, 3 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 Nado live order book, 1 min ago | 0.32 bp | 8.2 bp −$8 | 27.8 bp −$278 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 1.91 bp | 16.1 bp −$16 | 50.2 bp −$502 | doesn't fit | doesn't fit |
LIT on 41 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 | −0.0559% | 1h | 4.6781 | −0.275% | $41K | $40K | 10x | as long as short |
| Bullet LIT-USD | −0.0453% | 1h | 4.6882 | −0.060% | $84K | $67K | 20x | as long as short |
| Orderly PERP_LIT_USDC | −0.0416% | 4h | 4.6741 | −0.360% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0232% | 1h | 4.6863 | −0.100% | $33K | $4K | 5x | as long as short |
| GRVT LIT_USDT_Perp | −0.0102% | 4h | 4.6953 | +0.091% | $898K | $1.7M | 10x | as long as short |
| Phoenix LITshort | −0.0102% | 1h | 4.6990 | +0.171% | $202K | $339K | 5x | |
| Phemex LITUSDT | −0.0064% | 4h | 4.6800 | −0.234% | $1.4M | $2.8M | 20x | as long as short |
| KuCoin LITUSDTM | −0.0062% | 4h | 4.6789 | −0.258% | $5.2M | $1.1M | 30x | as long as short |
| OKX LIT-USDT-SWAP | −0.0054% | 4h | 4.6729 | −0.386% | $25.3M | $61.3M | 50x | as long as short |
| ApeX Omni LITUSDT | −0.0050% | 1h | 4.7050 | +0.298% | $56K | $77K | 50x | as long as short |
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
Orderly PERP_LIT_USDC
01 Exchange LITUSD
GRVT LIT_USDT_Perp
Phemex LITUSDT
KuCoin LITUSDTM
OKX LIT-USDT-SWAP
ApeX Omni LITUSDTShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6781 | −0.274% | $662K | $365K | 50x | as long as short |
| Gate LIT_USDT | −0.0006% | 4h | 4.6820 | −0.192% | $2.7M | $4.2M | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6892 | −0.038% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6785 | −0.266% | $11K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.409% | $422 | $178K | 5.5x | as long as short |
| Bulk LIT-USD | +0.0039% | 1h | 4.6872 | −0.081% | $117K | $1K | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0054% | 8h | 4.6932 | +0.046% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6861 | −0.104% | $58.5M | $28.4M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6922 | +0.026% | $782K | $2.0M | 5x | as long as short |
| Nado LIT-PERPlong | +0.0100% | 1h | 4.6910 | long leg | $2.2M | $1.7M | 10x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.6833 | −0.164% | $209.4M | $41.4M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6933 | +0.049% | $582K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6741 | −0.360% | $74.4M | $78.2M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6725 | −0.394% | $41.4M | $28.7M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6902 | −0.017% | $116K | $444K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6787 | −0.262% | $5.4M | $3.8M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6830 | −0.171% | $6.7M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.6805 | −0.224% | $678K | $1.3M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6995 | +0.182% | $286K | $306K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6913 | +0.006% | $443K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6817 | −0.198% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6875 | −0.075% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6805 | −0.224% | $1K | $417K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7000 | +0.192% | $189K | $353K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6714 | −0.418% | $5.1M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6805 | −0.223% | $146K | — | 3x | as long as short |
| Lighter RH LIT | +0.0144% | 1h | 4.6897 | −0.028% | $3.7M | $13.0M | 5x | as long as short |
| Aster LITUSDT | +0.0150% | 4h | 4.6842 | −0.146% | $12.6M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0300% | 1h | 4.7025 | +0.245% | $9K | $210K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0407% / S −0.0203% | 1h | 4.6868 | −0.090% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6948 | +0.081% | $31K | $832K | 33x | as long as short |
Coinbase International LIT-PERP-INTX
Gate LIT_USDT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Bulk LIT-USD
Paradex LIT-USD-PERP
Lighter LIT
RISEx LIT/USDC
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Bybit 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
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aster LITUSDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT