LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.016%

Price spread now: Phoenix against RISEx−0.223%50s7-day average +0.095% · 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−$420.415% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+3.490%+$349 · spread now −0.223%, 7d avg +0.095%

Together, before fees+3.412%+$341 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phoenix is 0.319% cheaper against RISEx than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.095%). Swap the legs. The two prices were read 50 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	RISEx LIT/USDC	4.8050	0.0064	pay 0.0008% / 1h	14m 03s	$800K	$2.3M	5x
Short	Phoenix LIT	4.7943	0.0050	get 0.0006% / 1h	14m 03s	$206K	$293K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now −0.223%Rate

Funding earned: −$2.92
Price spread: −0.223% → +0.095%: −$31.85
Slippage, 4 orders: −$28.5
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$76.28
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Phoenix: live order book, 22 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 RISEx live order book, 5 min ago	1.67 bp	4.7 bp −$5	15.8 bp −$158	doesn't fit	doesn't fit
Sell Phoenix live order book, 22 min ago	2.09 bp	16.1 bp −$16	50.1 bp −$501	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	−0.0405%	1h	4.8034	−0.034%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0383%	4h	4.8005	−0.094%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.563%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.8042	−0.017%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0215%	1h	4.8037	−0.028%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0162%	4h	4.8003	−0.098%	$25.8M	$59.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.479%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.438%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8083	+0.069%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8071	+0.043%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.021%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0038%	4h	4.8012	−0.080%	$41.6M	$27.6M	75x	as long as short
Phoenix LITshort	+0.0050%	1h	4.7943	−0.223%	$206K	$293K	5x
RISEx LIT/USDClong	+0.0064%	1h	4.8050	long leg	$800K	$2.3M	5x
Paradex LIT-USD-PERP	+0.0094%	8h	4.8101	+0.105%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8083	+0.068%	$59.9M	$26.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8025	−0.054%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8087	+0.076%	$822K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7993	−0.119%	$76.9M	$73.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8038	−0.025%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8040	−0.021%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7995	−0.115%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8052	+0.004%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8030	−0.042%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8038	−0.025%	$685K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.404%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8032	−0.038%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8055	+0.010%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8015	−0.073%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8025	−0.052%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.269%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8000	−0.105%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.569%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8014	−0.076%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8021	−0.061%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0208%	1h	4.8094	+0.091%	$217.2M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0248%	1h	4.8102	+0.108%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0259%	4h	4.8111	+0.127%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7936	−0.238%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0370%	1h	4.7891	−0.332%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	−0.196%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8062	+0.024%	$32K	$645K	33x	as long as short