Funding you earn now, next payment 03:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.067%
Price spread now: Hyperliquid against Phoenix−0.441%7-day average −0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)−0.513%−$51 · spread now −0.441%, 7d avg −0.023%
=Together, before fees−0.316%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.418% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.441% now, against its 7-day average of −0.023%). If the spread goes back, that is −$42 on $10k: about 10 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LIT | 4.6943 | −0.0034 | get 0.0004% / 1h | 51m 03s | $202K | $305K | 5x |
| Short | Hyperliquid LIT | 4.6736 | 0.0100 | get 0.0013% / 1h | 51m 03s | $208.9M | $41.8M | 5x |
Phoenix LIT
Hyperliquid LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $28.17
- Price spread: −0.441% → −0.023%
- −$41.76
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.58
- Costs to cover
- 0.160%
- Break-even
- 14.4 days
Slippage unknown: Phoenix: live order book, 5 min ago; Hyperliquid: live order book, 13 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 Phoenix live order book, 5 min ago | 1.92 bp | 16.1 bp −$16 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.21 bp | doesn't fit | doesn't fit | 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 | −0.0486% | 1h | 4.6680 | −0.561% | $41K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0480% | 1h | 4.6697 | −0.524% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0388% | 4h | 4.6675 | −0.571% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0301% | 1h | 4.6758 | −0.394% | $84K | $68K | 20x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | −0.203% | $612K | $404K | 50x | as long as short |
| Gate LIT_USDT | −0.0184% | 4h | 4.6700 | −0.518% | $2.7M | $4.2M | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0174% | 1h | 4.6700 | −0.518% | $661K | $1.4M | 5x | as long as short |
| Phemex LITUSDT | −0.0133% | 4h | 4.6650 | −0.624% | $1.3M | $2.8M | 20x | as long as short |
| Phoenix LITlong | −0.0034% | 1h | 4.6943 | long leg | $202K | $305K | 5x | |
| Bybit LITUSDT | −0.0017% | 4h | 4.6670 | −0.582% | $41.3M | $28.6M | 75x | as long as short |
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Coinbase International LIT-PERP-INTX
Gate LIT_USDT
Backpack LIT_USDC_PERP
Phemex LITUSDT
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LITUSDTM | −0.0012% | 4h | 4.6755 | −0.400% | $5.2M | $1.0M | 30x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6782 | −0.343% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | 0.0000% | 4h | 4.6691 | −0.537% | $25.1M | $61.3M | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6789 | −0.328% | $11K | — | 150x | as long as short |
| Polymarket Perps LIT-USD | +0.0018% | 1h | 4.6778 | −0.351% | $437K | $109K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0020% | 1h | 4.6840 | −0.219% | $56K | $76K | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.337% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0059% | 8h | 4.6758 | −0.393% | $7K | $2K | 5x | as long as short |
| Extended LIT-USD | +0.0064% | 1h | 4.6677 | −0.567% | $5.1M | $5.0M | 25x | as long as short |
| GRVT LIT_USDT_Perp | +0.0072% | 4h | 4.6863 | −0.170% | $908K | $1.7M | 10x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6810 | −0.282% | $781K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | +0.0083% | 1h | 4.6780 | −0.346% | $2.2M | $1.7M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6725 | −0.464% | $58.2M | $28.5M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6743 | −0.426% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LITshort | +0.0100% | 1h | 4.6736 | −0.441% | $208.9M | $41.8M | 5x | |
| Pacifica LIT | +0.0100% | 1h | 4.6799 | −0.307% | $581K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6688 | −0.543% | $74.6M | $79.0M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6799 | −0.307% | $122K | $453K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6887 | −0.119% | $117K | $973 | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6720 | −0.475% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6720 | −0.475% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6866 | −0.164% | $286K | $303K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6766 | −0.376% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6679 | −0.562% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6690 | −0.539% | $2K | $390K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6799 | −0.307% | $198K | $388K | 30x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6699 | −0.519% | $146K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0145% | 1h | 4.6861 | −0.174% | $8K | $206K | 10x | as long as short |
| Aster LITUSDT | +0.0192% | 4h | 4.6740 | −0.432% | $12.5M | $2.0M | 50x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6803 | −0.298% | $31K | $793K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6684 | −0.552% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6786 | −0.335% | $62K | — | 50x | as long as short |
KuCoin LITUSDTM
dYdX LIT-USD
OKX LIT-USDT-SWAP
gTrade (Gains Network) LIT/USD
Polymarket Perps LIT-USD
ApeX Omni LITUSDT
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Extended LIT-USD
GRVT LIT_USDT_Perp
RISEx LIT/USDC
Nado LIT-PERP
Lighter LIT
Lighter RH LIT
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
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]