LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h +0.017%

Price spread now: Derive against Phoenix−0.037%68s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Derive is 0.037% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day). The two prices were read 68 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	4.7626	−0.0050	get 0.0006% / 1h	22m 01s	$247K	$321K	5x
Short	Derive LIT-PERP	4.7608	0.0100	get 0.0013% / 1h	22m 01s	$2K	$1K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.037%Rate

Funding earned: $31.55
Price spread: −0.037% → 0.000%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: $14.85
Costs to cover: 0.130%
Break-even: 3.7 days

Slippage unknown: Phoenix: live order book, 63 min ago; Derive: no order-book sample. 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 Phoenix live order book, 63 min ago	2.07 bp	16.1 bp −$16	57.9 bp −$579	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 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	−0.0915%	1h	4.7567	−0.123%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0676%	4h	4.7560	−0.139%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0612%	4h	4.7504	−0.256%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0575%	4h	4.7530	−0.202%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7487	−0.292%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0355%	1h	4.7550	−0.160%	$86K	$81K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0341%	1h	4.7592	−0.071%	$668K	$1.5M	5x	as long as short
Bybit LITUSDT	−0.0328%	4h	4.7533	−0.195%	$43.0M	$30.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0317%	4h	4.7528	−0.206%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTM	−0.0306%	4h	4.7583	−0.090%	$5.3M	$1.1M	30x	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	−0.0298%	4h	4.7580	−0.097%	$908K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.200%	$660K	$404K	50x	as long as short
Phoenix LITlong	−0.0050%	1h	4.7626	long leg	$247K	$321K	5x
Paradex LIT-USD-PERP	−0.0023%	8h	4.7444	−0.383%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0007%	1h	4.7553	−0.153%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7548	−0.164%	$34K	—	5x	as long as short
Nado LIT-PERP	0.0000%	1h	4.7508	−0.248%	$2.1M	$1.7M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7604	−0.046%	$35K	—	150x	as long as short
Extended LIT-USD	+0.0008%	1h	4.7547	−0.166%	$5.3M	$5.1M	25x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7571	−0.116%	$818K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0030%	1h	4.7554	−0.151%	$449K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.869%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0033%	4h	4.7572	−0.114%	$289K	$310K	10x	as long as short
Bulk LIT-USD	+0.0037%	1h	4.7479	−0.308%	$119K	$6K	10x	as long as short
MEXC LIT_USDT	+0.0038%	4h	4.7542	−0.176%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0038%	4h	4.7525	−0.212%	$75.2M	$81.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0043%	1h	4.7539	−0.183%	$12K	$199K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7537	−0.187%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7630	+0.008%	$59.7M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7626	0.000%	$211.5M	$45.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7598	−0.059%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7533	−0.195%	$582K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7542	−0.176%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7570	−0.118%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7580	−0.097%	$56K	$77K	50x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7608	−0.037%	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7560	−0.139%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7586	−0.084%	$190K	$329K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7604	−0.045%	$31K	$838K	33x	as long as short
BloFin LIT-USDT	+0.0154%	4h	4.7446	−0.378%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7609	−0.036%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0408%	1h	4.7653	+0.057%	$3.7M	$14.2M	5x	as long as short