Funding you earn now, next payment 02:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.015%
Price spread now: Nado against Phoenix−0.198%57s7-day average −0.124% · 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—prices read too far apart to compare
costs, in and out, $10k−$510.508% of the position
Funding, last 3 days (all we have)−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.198%, 7d avg −0.124%
=Together, before fees+0.151%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.074% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of −0.124%). If the spread goes back, that is −$7 on $10k: about 32 hours of funding at the current rate (+$6 a day). The two prices were read 57 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 3 days it paid -0.021% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. 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 | 4.7010 | −0.0085 | get 0.0011% / 1h | 8m 26s | $202K | $341K | 5x |
| Short | Nado LIT-PERP | 4.6917 | 0.0100 | get 0.0012% / 1h | 8m 26s | $2.2M | $1.7M | 10x |
Phoenix LIT
Nado LIT-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $38.82
- Price spread: −0.198% → −0.124%
- −$7.39
- Slippage, 4 orders
- −$36.76
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$19.34
- Costs to cover
- 0.508%
- Break-even
- 10.5 days
Slippage from Phoenix: live order book, 53 min ago; Nado: live order book, 5 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, 53 min ago | 1.91 bp | 16.1 bp −$16 | 57.9 bp −$579 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 0.85 bp | 11.9 bp −$12 | 33.9 bp −$339 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0377% | 4h | 4.6892 | −0.251% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0312% | 1h | 4.6899 | −0.236% | $33K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0305% | 1h | 4.6960 | −0.106% | $41K | $40K | 10x | as long as short |
| Bullet LIT-USD | −0.0261% | 1h | 4.6929 | −0.171% | $84K | $68K | 20x | as long as short |
| ApeX Omni LITUSDT | −0.0119% | 1h | 4.6960 | −0.106% | $56K | $76K | 50x | as long as short |
| Gate LIT_USDT | −0.0090% | 4h | 4.6960 | −0.106% | $2.8M | $4.3M | 50x | as long as short |
| Phoenix LITlong | −0.0085% | 1h | 4.7010 | long leg | $202K | $341K | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6800 | −0.448% | $611K | $411K | 50x | as long as short |
| Phemex LITUSDT | −0.0009% | 4h | 4.6920 | −0.191% | $1.4M | $2.8M | 20x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6978 | −0.069% | $11K | — | 150x | as long as short |
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Bullet LIT-USD
ApeX Omni LITUSDT
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Phemex LITUSDT
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | +0.0005% | 1h | 4.6961 | −0.104% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | +0.0018% | 4h | 4.6947 | −0.134% | $25.2M | $61.7M | 50x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.191% | $422 | $178K | 5.5x | as long as short |
| KuCoin LITUSDTM | +0.0042% | 4h | 4.6994 | −0.034% | $5.2M | $1.0M | 30x | as long as short |
| Paradex LIT-USD-PERP | +0.0072% | 8h | 4.6957 | −0.112% | $7K | $2K | 5x | as long as short |
| Bybit LITUSDT | +0.0083% | 4h | 4.6932 | −0.166% | $41.7M | $28.5M | 75x | as long as short |
| GRVT LIT_USDT_Perp | +0.0084% | 4h | 4.7000 | −0.021% | $905K | $1.8M | 10x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7009 | −0.002% | $58.6M | $28.9M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.7031 | +0.045% | $3.6M | $13.4M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6972 | −0.081% | $783K | $2.1M | 5x | as long as short |
| Nado LIT-PERPshort | +0.0100% | 1h | 4.6917 | −0.198% | $2.2M | $1.7M | 10x | |
| Hyperliquid LIT | +0.0100% | 1h | 4.6995 | −0.032% | $210.0M | $41.8M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6972 | −0.081% | $579K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6927 | −0.177% | $74.8M | $78.9M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6956 | −0.115% | $122K | $454K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6915 | −0.202% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6970 | −0.085% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.6986 | −0.051% | $666K | $1.4M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6928 | −0.174% | $286K | $303K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6946 | −0.136% | $438K | $110K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6984 | −0.055% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6916 | −0.200% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6965 | −0.096% | $2K | $397K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7012 | +0.004% | $199K | $388K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7305 | +0.628% | $118K | $973 | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6912 | −0.208% | $5.2M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6938 | −0.154% | $147K | — | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0195% | 1h | 4.7034 | +0.052% | $9K | $205K | 10x | as long as short |
| Aster LITUSDT | +0.0211% | 4h | 4.6973 | −0.079% | $12.6M | $2.0M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6917 | −0.198% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0416% / S −0.0214% | 1h | 4.6970 | −0.085% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6979 | −0.065% | $31K | $806K | 33x | as long as short |
dYdX LIT-USD
OKX LIT-USDT-SWAP
Injective LIT/USDC PERP
KuCoin LITUSDTM
Paradex LIT-USD-PERP
Bybit LITUSDT
GRVT LIT_USDT_Perp
Lighter LIT
Lighter RH LIT
RISEx LIT/USDC
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
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
Aster LITUSDT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT