Funding you earn now, next payment 19:00 UTC+0.0036%/8hnext payment +$0.04 per $10,000 · paid last 24h −0.018%
Price spread now: Coinbase International against Phoenix+0.158%72s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as 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−$640.644% of the position
Funding, last 7 days−1.019%−$102 on $10k
+Price spread, last 3 days (all we have)+0.185%+$19 · spread now +0.158%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.178% dearer against Phoenix than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 7 days funding on this pair cost −1.019%, so the current rate has only just turned in your favour. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LIT | 4.7963 | −0.0084 | get 0.0010% / 1h | 5m 55s | $247K | $280K | 5x |
| Short | Coinbase International LIT-PERP-INTX | 4.8039 | −0.0048 | pay 0.0006% / 1h | 5m 55s | $663K | $415K | 50x |
Phoenix LIT
Coinbase International LIT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $7.51
- Price spread: +0.158% → −0.020%
- $17.82
- Slippage, 4 orders
- −$47.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.03
- Costs to cover
- 0.644%
- Break-even
- 43.4 days
Slippage from Phoenix: live order book, 23 min ago; Coinbase International: live order book, 26 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, 23 min ago | 2.09 bp | 16.1 bp −$16 | 58.2 bp −$582 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 7.50 bp | 15.9 bp −$16 | 55.4 bp −$554 | 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 | −0.0845% | 1h | 4.7967 | +0.008% | $32K | $22K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0640% | 1h | 4.7966 | +0.006% | $33K | $5K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0485% | 4h | 4.7928 | −0.073% | $33K | $2K | 10x | as long as short |
| Bullet LIT-USD | −0.0447% | 1h | 4.7993 | +0.063% | $87K | $79K | 20x | as long as short |
| Phemex LITUSDT | −0.0444% | 4h | 4.7950 | −0.027% | $1.3M | $2.7M | 20x | as long as short |
| Bybit LITUSDT | −0.0335% | 4h | 4.7992 | +0.060% | $43.7M | $29.7M | 75x | as long as short |
| OKX LIT-USDT-SWAP | −0.0284% | 4h | 4.7944 | −0.040% | $25.6M | $60.5M | 50x | as long as short |
| KuCoin LITUSDTM | −0.0244% | 4h | 4.7962 | −0.002% | $5.3M | $1.1M | 30x | as long as short |
| ApeX Omni LITUSDT | −0.0200% | 1h | 4.7920 | −0.090% | $59K | $79K | 50x | as long as short |
| SoDEX LIT-USD | −0.0189% | 1h | 4.7960 | −0.006% | $996 | $478K | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Phemex LITUSDT
Bybit LITUSDT
OKX LIT-USDT-SWAP
KuCoin LITUSDTM
ApeX Omni LITUSDT
SoDEX LIT-USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0154% | 4h | 4.7970 | +0.015% | $2.8M | $4.7M | 50x | as long as short |
| Phoenix LITlong | −0.0084% | 1h | 4.7963 | long leg | $247K | $280K | 5x | |
| Coinbase International LIT-PERP-INTXshort | −0.0048% | 1h | 4.8039 | +0.158% | $663K | $415K | 50x | |
| GRVT LIT_USDT_Perp | −0.0018% | 4h | 4.7899 | −0.132% | $898K | $1.9M | 10x | as long as short |
| Paradex LIT-USD-PERP | −0.0010% | 8h | 4.7927 | −0.074% | $5K | $1K | 5x | as long as short |
| dYdX LIT-USD | +0.0001% | 1h | 4.8010 | +0.097% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.8021 | +0.121% | $36K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0038% | 1h | 4.7760 | −0.423% | $419 | $125K | 5.5x | as long as short |
| Bulk LIT-USD | +0.0046% | 1h | 4.7925 | −0.080% | $121K | $7K | 10x | as long as short |
| RISEx LIT/USDC | +0.0061% | 1h | 4.8025 | +0.129% | $834K | $2.0M | 5x | as long as short |
| Aftermath Perps LITUSD | +0.0080% | 1h | 4.7962 | −0.001% | $11K | $199K | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.8037 | +0.154% | $59.9M | $29.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0098% | 1h | 4.7990 | +0.056% | $2.1M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7995 | +0.067% | $212.9M | $45.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.8037 | +0.154% | $599K | $1.8M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7893 | −0.146% | $75.2M | $80.2M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7985 | +0.046% | $118K | $452K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7928 | −0.073% | $6.3M | $4.2M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8010 | +0.098% | $6.9M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7982 | +0.040% | $671K | $1.5M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7913 | −0.104% | $292K | $313K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8021 | +0.121% | $453K | $106K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.8006 | +0.090% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7989 | +0.054% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7924 | −0.081% | $190K | $328K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7932 | −0.065% | $5.4M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7902 | −0.127% | $150K | $44K | 3x | as long as short |
| Aster LITUSDT | +0.0160% | 4h | 4.8047 | +0.175% | $12.8M | $2.6M | 50x | as long as short |
| Lighter RH LIT | +0.0184% | 1h | 4.8052 | +0.186% | $3.8M | $13.9M | 5x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7956 | −0.015% | $1.6M | $2.0M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0429% / S −0.0232% | 1h | 4.8040 | +0.161% | $60K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.8034 | +0.147% | $32K | $856K | 33x | as long as short |
Gate LIT_USDT
GRVT LIT_USDT_Perp
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Bulk LIT-USD
RISEx LIT/USDC
Aftermath Perps LITUSD
Lighter LIT
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance 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
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT