LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0150%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.025%

Price spread now: Bulk against Phoenix−0.112%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on Phoenix Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.042%−$4 on $10k

Price spread, last 3 days (all we have)−0.493%−$49 · spread now −0.112%, 7d avg −0.118%

Together, before fees−0.535%−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.118%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7795	−0.0050	get 0.0006% / 1h	49m 01s	$208K	$353K	5x
Short	Bulk LIT-USD	4.7741	0.0100	get 0.0013% / 1h	49m 01s	$119K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Phoenix. 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 PhoenixbpFee BulkbpOrdersPrice spread, now −0.112%Rate

Funding earned: $31.58
Price spread: −0.112% → −0.118%: $0.53
Slippage, 4 orders: −$33.91
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$15.79
Costs to cover: 0.479%
Break-even: 10.5 days

Slippage from Phoenix: live order book, 27 min ago; Bulk: live order book, 30 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, 27 min ago	1.91 bp	16.1 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell Bulk live order book, 30 min ago	0.96 bp	7.7 bp −$8	14.8 bp −$148	50.1 bp −$5,006	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
Gate LIT_USDT	−0.0958%	4h	4.7780	−0.031%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0631%	1h	4.7757	−0.080%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7710	−0.178%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0496%	1h	4.7711	−0.176%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0464%	4h	4.7770	−0.052%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0442%	4h	4.7739	−0.117%	$25.9M	$64.1M	50x	as long as short
Bullet LIT-USD	−0.0281%	1h	4.7767	−0.058%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0238%	4h	4.7804	+0.019%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0172%	4h	4.7741	−0.113%	$43.0M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7920	+0.261%	$678K	$405K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0118%	4h	4.7751	−0.091%	$908K	$1.8M	10x	as long as short
Phoenix LITlong	−0.0050%	1h	4.7795	long leg	$208K	$353K	5x
dYdX LIT-USD	0.0000%	1h	4.7823	+0.059%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7748	−0.098%	$32K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7814	+0.039%	$35K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0006%	1h	4.7812	+0.036%	$13K	$204K	10x	as long as short
Paradex LIT-USD-PERP	+0.0011%	8h	4.7719	−0.160%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7797	+0.003%	$822K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.513%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0067%	4h	4.7758	−0.077%	$291K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0068%	4h	4.7740	−0.115%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0071%	4h	4.7723	−0.150%	$76.0M	$81.3M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7737	−0.122%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7799	+0.008%	$60.2M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7755	−0.083%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7814	+0.040%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7789	−0.013%	$604K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7765	−0.063%	$120K	$453K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7741	−0.112%	$119K	$6K	10x
Bitget LITUSDT	+0.0100%	4h	4.7790	−0.010%	$6.8M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7775	−0.042%	$678K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7780	−0.031%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7778	−0.036%	$451K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7791	−0.009%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7739	−0.117%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7740	−0.115%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7846	+0.107%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7731	−0.133%	$5.3M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0136%	1h	4.7820	+0.052%	$3.7M	$13.8M	5x	as long as short
Hyperliquid LIT	+0.0217%	1h	4.7815	+0.042%	$214.3M	$44.8M	5x	as long as short
BloFin LIT-USDT	+0.0285%	4h	4.7753	−0.088%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7809	+0.029%	$63K	—	50x	as long as short