Funding you earn now, next payment 09:33 UTC−0.0347%/8h= −37.9% APRpaid last 24h −0.129%
Price spread now: Phemex against Perpl+0.109%72s7-day average −0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 4 days (all we have)−0.349%−$35 · spread now +0.109%, 7d avg −0.075%
=Together, before fees−0.516%+ Points / potential airdropPerpl: Active · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.184% dearer against Perpl than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.075%): +$18 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.167% in total) that is about 7.7 days. The two prices were read 72 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 7 days it paid -0.167% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl LIT | 4.7968 | 0.0447 | pay 0.0040% / 43m | 38m 15s | $28K | $560K | 33x |
| Short | Phemex LITUSDT | 4.8020 | 0.0100 | get 0.0050% / 4h | 1h 57m | $1.4M | $2.7M | 20x |
Perpl LIT
Phemex LITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Perpl. 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
- −$72.77
- Price spread: +0.109% → −0.075%
- $18.44
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$80.13
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Perpl: no order-book sample; Phemex: live order book, 4 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 6.26 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
LIT on 41 exchanges
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 | −0.0440% | 1h | 4.7968 | +0.001% | $31K | $3K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0366% | 4h | 4.7942 | −0.053% | $33K | $313 | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0296% | 1h | 4.8127 | +0.333% | $609K | $297K | 50x | as long as short |
| Bullet LIT-USD | −0.0167% | 1h | 4.7959 | −0.019% | $86K | $44K | 20x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0121% | 1h | 4.7999 | +0.067% | $42K | $19K | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0086% | 4h | 4.8136 | +0.351% | $26.1M | $54.3M | 50x | as long as short |
| Extended LIT-USD | −0.0080% | 1h | 4.7971 | +0.007% | $5.1M | $4.8M | 25x | as long as short |
| Backpack LIT_USDC_PERP | −0.0055% | 1h | 4.7970 | +0.005% | $684K | $870K | 5x | as long as short |
| ApeX Omni LITUSDT | −0.0026% | 1h | 4.7900 | −0.141% | $58K | $78K | 50x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7978 | +0.022% | $34K | — | 5x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Coinbase International LIT-PERP-INTX
Bullet LIT-USD
Deribit LIT_USDC-PERPETUAL
OKX LIT-USDT-SWAP
Extended LIT-USD
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
dYdX LIT-USDShow all 41 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | 0.0000% | 1h | 4.7979 | +0.024% | $206K | $266K | 5x | as long as short |
| GRVT LIT_USDT_Perp | +0.0002% | 4h | 4.7911 | −0.118% | $891K | $1.9M | 10x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7974 | +0.013% | $36K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +0.151% | $422 | $178K | 5.5x | as long as short |
| Bybit LITUSDT | +0.0051% | 4h | 4.8090 | +0.255% | $41.7M | $24.8M | 75x | as long as short |
| Gate LIT_USDT | +0.0066% | 4h | 4.7990 | +0.047% | $2.8M | $3.6M | 50x | as long as short |
| Pacifica LIT | +0.0092% | 1h | 4.7991 | +0.049% | $639K | $1.5M | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0098% | 8h | 4.7936 | −0.066% | $7K | $1K | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7976 | +0.019% | $2.1M | $1.5M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.8011 | +0.090% | $216.9M | $34.8M | 5x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.8056 | +0.184% | $77.5M | $66.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7984 | +0.034% | $131K | $358K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.8137 | +0.353% | $157K | $37K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.8054 | +0.180% | $6.3M | $3.5M | 100x | as long as short |
| KuCoin LITUSDTM | +0.0100% | 4h | 4.8083 | +0.241% | $5.5M | $678K | 30x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8000 | +0.068% | $6.9M | $2.2M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7933 | −0.071% | $294K | $302K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7959 | −0.018% | $447K | $83K | 10x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7952 | −0.033% | $4K | $1.0M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.8010 | +0.088% | $4K | $297K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8018 | +0.105% | $193K | $269K | 30x | as long as short |
| Phemex LITUSDTshort | +0.0100% | 4h | 4.8020 | +0.109% | $1.4M | $2.7M | 20x | |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7983 | +0.031% | $150K | — | 3x | as long as short |
| RISEx LIT/USDC | +0.0176% | 1h | 4.7937 | −0.064% | $797K | $2.3M | 5x | as long as short |
| Lighter LIT | +0.0232% | 1h | 4.8061 | +0.195% | $59.9M | $23.1M | 5x | as long as short |
| Aster LITUSDT | +0.0285% | 4h | 4.8091 | +0.257% | $12.9M | $1.8M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8053 | +0.178% | $1.6M | $2.3M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0424% / S −0.0217% | 1h | 4.7971 | +0.008% | $64K | — | 50x | as long as short |
| Lighter RH LIT | +0.0424% | 1h | 4.8126 | +0.330% | $3.8M | $11.2M | 5x | as long as short |
| Perpl LITlong | +0.0447% | 43m | 4.7968 | long leg | $28K | $560K | 33x | |
| Aftermath Perps LITUSD | +0.0481% | 1h | 4.8003 | +0.073% | $9K | $184K | 10x | as long as short |
Phoenix LIT
GRVT LIT_USDT_Perp
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Bybit LITUSDT
Gate LIT_USDT
Pacifica LIT
Paradex LIT-USD-PERP
Nado LIT-PERP
Hyperliquid LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
KuCoin LITUSDTM
Bitget LITUSDT
edgeX LITUSDC
Polymarket Perps LIT-USD
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Aevo LIT-PERP
RISEx LIT/USDC
Lighter LIT
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT
Aftermath Perps LITUSD