LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.068%

Price spread now: Hyperliquid against Backpack+0.163%7-day average −0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Backpack Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 7 days−0.312%−$31 · spread now +0.163%, 7d avg −0.158%

Together, before fees−0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.322% dearer against Backpack than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7197	0.0100	pay 0.0013% / 1h	16m 32s	$680K	$1.4M	5x
Short	Hyperliquid LIT	4.7274	0.0197	get 0.0025% / 1h	16m 32s	$212.0M	$44.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Backpack. 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 BackpackbpFee HyperliquidbpOrdersPrice spread, now +0.163%Rate

Funding earned: $20.29
Price spread: +0.163% → −0.158%: $32.16
Slippage, 4 orders: −$15.74
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $17.72
Costs to cover: 0.347%
Break-even: 0.9 days

Slippage from Backpack: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Backpack live order book, 2 min ago	0.53 bp	6.8 bp −$7	15.4 bp −$154	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.11 bp	12.8 bp −$13	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	−0.0827%	1h	4.7128	−0.145%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0822%	4h	4.7240	+0.091%	$2.8M	$4.6M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0551%	4h	4.7092	−0.222%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0528%	1h	4.7148	−0.104%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0361%	4h	4.7202	+0.011%	$25.6M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0334%	1h	4.7192	−0.011%	$84K	$80K	20x	as long as short
Phemex LITUSDT	−0.0298%	4h	4.7150	−0.100%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0186%	4h	4.7189	−0.017%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.871%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0070%	4h	4.7367	+0.360%	$908K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7376	+0.379%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7195	−0.004%	$33K	$850K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7243	+0.097%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7237	+0.084%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7223	+0.056%	$816K	$2.1M	5x	as long as short
Bybit LITUSDT	+0.0023%	4h	4.7200	+0.006%	$42.5M	$30.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7160	−0.078%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.786%	$422	$178K	5.5x	as long as short
Lighter LIT	+0.0096%	1h	4.7240	+0.091%	$59.1M	$30.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7185	−0.025%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7255	+0.123%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7202	+0.011%	$587K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7176	−0.044%	$75.2M	$81.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7197	0.000%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	+0.252%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7173	−0.051%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	+0.028%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7197	long leg	$680K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7343	+0.309%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7390	+0.409%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7215	+0.038%	$446K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7166	−0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7133	−0.136%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7165	−0.068%	$977	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7201	+0.008%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7187	−0.022%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7155	−0.090%	$147K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0174%	1h	4.7332	+0.286%	$13K	$203K	10x	as long as short
Hyperliquid LITshort	+0.0197%	1h	4.7274	+0.163%	$212.0M	$44.9M	5x
Lighter RH LIT	+0.0216%	1h	4.7260	+0.133%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7067	−0.275%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0376% / S −0.0169%	1h	4.7170	−0.057%	$62K	—	50x	as long as short