Funding you earn now, next payment 23:00 UTC+0.0390%/8h= +42.7% APRpaid last 24h +0.098%
Price spread now: BloFin against Phoenix+0.068%106s7-day average −0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days+0.262%+$26 on $10k
+Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.068%, 7d avg −0.144%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.212% dearer against Phoenix than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.144%. The two prices were read 106 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 0.262% in total (about 13.7% 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 | Phoenix LIT | 4.7209 | −0.0050 | get 0.0006% / 1h | 55m 21s | $205K | $361K | 5x |
| Short | BloFin LIT-USDT | 4.7241 | 0.0340 | get 0.0170% / 4h | 3h 55m | $1.5M | $2.1M | 75x |
Phoenix LIT
BloFin LIT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. 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
- $81.98
- Price spread: +0.068% → −0.144%
- $21.16
- Slippage, 4 orders
- −$47.85
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $36.29
- Costs to cover
- 0.669%
- Break-even
- 3.9 days
Slippage from Phoenix: live order book, 16 min ago; BloFin: 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 Phoenix live order book, 16 min ago | 1.90 bp | 16.1 bp −$16 | 57.7 bp −$577 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 7.63 bp | 17.7 bp −$18 | 31.8 bp −$318 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni LITUSDT | −0.0814% | 1h | 4.7230 | +0.044% | $55K | $77K | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0812% | 1h | 4.7121 | −0.187% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0648% | 1h | 4.7082 | −0.269% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0533% | 4h | 4.7090 | −0.252% | $32K | $2K | 10x | as long as short |
| Gate LIT_USDT | −0.0418% | 4h | 4.7210 | +0.002% | $2.8M | $4.4M | 50x | as long as short |
| Bullet LIT-USD | −0.0331% | 1h | 4.7148 | −0.130% | $84K | $77K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0307% | 4h | 4.7153 | −0.119% | $25.6M | $63.9M | 50x | as long as short |
| Phemex LITUSDT | −0.0268% | 4h | 4.7230 | +0.044% | $1.4M | $2.7M | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0178% | 4h | 4.7220 | +0.023% | $904K | $1.8M | 10x | as long as short |
| KuCoin LITUSDTM | −0.0176% | 4h | 4.7143 | −0.140% | $5.2M | $1.1M | 30x | as long as short |
ApeX Omni LITUSDT
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Gate LIT_USDT
Bullet LIT-USD
OKX LIT-USDT-SWAP
Phemex LITUSDT
GRVT LIT_USDT_Perp
KuCoin LITUSDTMShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0088% | 1h | 4.7414 | +0.433% | $670K | $402K | 50x | as long as short |
| Phoenix LITlong | −0.0050% | 1h | 4.7209 | long leg | $205K | $361K | 5x | |
| Backpack LIT_USDC_PERP | −0.0025% | 1h | 4.7253 | +0.093% | $680K | $1.4M | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7193 | −0.034% | $34K | — | 5x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7192 | −0.037% | $31K | $858K | 33x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7202 | −0.015% | $35K | — | 150x | as long as short |
| Paradex LIT-USD-PERP | +0.0027% | 8h | 4.7125 | −0.178% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.760% | $422 | $178K | 5.5x | as long as short |
| Polymarket Perps LIT-USD | +0.0046% | 1h | 4.7169 | −0.085% | $446K | $105K | 10x | as long as short |
| Bybit LITUSDT | +0.0079% | 4h | 4.7142 | −0.142% | $42.5M | $30.4M | 75x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7211 | +0.004% | $59.0M | $29.4M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7165 | −0.093% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7238 | +0.061% | $211.9M | $45.1M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7213 | +0.009% | $12.6M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7184 | −0.053% | $586K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7134 | −0.158% | $75.2M | $82.1M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7170 | −0.083% | $116K | $459K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7190 | −0.041% | $118K | $1K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7136 | −0.155% | $5.6M | $4.1M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7180 | −0.061% | $6.7M | $2.8M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7216 | +0.015% | $287K | $309K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7184 | −0.052% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7121 | −0.186% | $5K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7133 | −0.161% | $995 | $471K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7275 | +0.140% | $189K | $347K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7101 | −0.229% | $5.2M | $5.2M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7208 | −0.003% | $148K | $44K | 3x | as long as short |
| RISEx LIT/USDC | +0.0119% | 1h | 4.7191 | −0.037% | $795K | $2.1M | 5x | as long as short |
| Lighter RH LIT | +0.0152% | 1h | 4.7231 | +0.047% | $3.7M | $13.6M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0236% | 1h | 4.7289 | +0.170% | $13K | $203K | 10x | as long as short |
| BloFin LIT-USDTshort | +0.0340% | 4h | 4.7241 | +0.068% | $1.5M | $2.1M | 75x | |
| GMX LIT/USD [ETH-USDC] | L +0.0381% / S −0.0174% | 1h | 4.7187 | −0.047% | $62K | — | 50x | as long as short |
Coinbase International LIT-PERP-INTX
Backpack LIT_USDC_PERP
dYdX LIT-USD
Perpl LIT
gTrade (Gains Network) LIT/USD
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
Polymarket Perps LIT-USD
Bybit LITUSDT
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
RISEx LIT/USDC
Lighter RH LIT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]