LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.004%

Price spread now: Polymarket Perps against Phoenix−0.165%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.165%, 7d avg −0.109%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.056% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.109%). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.6711	−0.0034	get 0.0004% / 1h	41m 27s	$201K	$305K	5x
Short	Polymarket Perps LIT-USD	4.6634	0.0064	get 0.0008% / 1h	41m 27s	$436K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.165%Rate

Funding earned: $20.55
Price spread: −0.165% → −0.109%: −$5.57
Slippage, 4 orders: −$39.57
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.59
Costs to cover: 0.546%
Break-even: 20.5 days

Slippage from Phoenix: live order book, 15 min ago; Polymarket Perps: live order book, 16 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, 15 min ago	1.92 bp	16.1 bp −$16	58.1 bp −$581	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 16 min ago	4.06 bp	14.2 bp −$14	31.3 bp −$313	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
01 Exchange LITUSD	−0.0512%	1h	4.6570	−0.302%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6582	−0.276%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0283%	1h	4.6651	−0.129%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0253%	1h	4.6626	−0.182%	$83K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0252%	1h	4.6653	−0.124%	$659K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6640	−0.152%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.292%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0135%	4h	4.6630	−0.173%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0056%	1h	4.6603	−0.231%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6615	−0.206%	$2.1M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LITlong	−0.0034%	1h	4.6711	long leg	$201K	$305K	5x
Bybit LITUSDT	−0.0029%	4h	4.6630	−0.173%	$41.1M	$28.7M	75x	as long as short
KuCoin LITUSDTM	−0.0020%	4h	4.6667	−0.094%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0001%	4h	4.6656	−0.118%	$25.1M	$61.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6661	−0.107%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6675	−0.077%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0026%	1h	4.6660	−0.109%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.845%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USDshort	+0.0064%	1h	4.6634	−0.165%	$436K	$109K	10x
Paradex LIT-USD-PERP	+0.0065%	8h	4.6599	−0.240%	$6K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6672	−0.084%	$904K	$1.8M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6648	−0.134%	$778K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6674	−0.079%	$58.1M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6688	−0.049%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6715	+0.009%	$209.0M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6636	−0.161%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6623	−0.188%	$74.5M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6712	+0.002%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6608	−0.221%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6660	−0.109%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6641	−0.149%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6670	−0.089%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6656	−0.118%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6645	−0.141%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6716	+0.011%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.184%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6648	−0.135%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6696	−0.032%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0230%	1h	4.6704	−0.014%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6668	−0.092%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6592	−0.255%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6662	−0.104%	$62K	—	50x	as long as short