Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.051%

Price spread now: Hyperliquid against Binance+0.202%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.202%, 7d avg +0.121%

Together, before fees+0.222%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.081% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7618	0.0044	pay 0.0022% / 4h	2h 19m	$75.4M	$81.3M	75x
Short	Hyperliquid LIT	4.7714	0.0100	get 0.0013% / 1h	19m 27s	$212.0M	$45.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.202%Rate

Funding earned: $11.66
Price spread: +0.202% → +0.121%: $8.11
Slippage, 4 orders: −$28.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$27.61
Costs to cover: 0.474%
Break-even: 23.6 days

Slippage from Binance: live order book, 8 min ago; Hyperliquid: 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 Binance live order book, 8 min ago	0.21 bp	17.1 bp −$17	39.5 bp −$395	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.10 bp	10.9 bp −$11	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	−0.1021%	1h	4.7613	−0.011%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0612%	4h	4.7640	+0.047%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7593	−0.052%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0563%	4h	4.7590	−0.058%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7596	−0.046%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0341%	1h	4.7626	+0.017%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0325%	4h	4.7608	−0.021%	$25.1M	$62.1M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0298%	1h	4.7644	+0.055%	$669K	$1.5M	5x	as long as short
Bybit LITUSDT	−0.0296%	4h	4.7630	+0.026%	$43.1M	$30.6M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0296%	4h	4.7469	−0.313%	$906K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0290%	4h	4.7660	+0.089%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.217%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7583	−0.073%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0020%	8h	4.7627	+0.020%	$6K	$2K	5x	as long as short
Aftermath Perps LITUSD	−0.0009%	1h	4.7589	−0.060%	$12K	$199K	10x	as long as short
SoDEX LIT-USD	−0.0006%	1h	4.7605	−0.027%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7699	+0.170%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7682	+0.134%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7659	+0.086%	$830K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0014%	1h	4.7629	+0.025%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0031%	1h	4.7642	+0.051%	$450K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.887%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0038%	4h	4.7597	−0.044%	$290K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7619	+0.003%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDTlong	+0.0044%	4h	4.7618	long leg	$75.4M	$81.3M	75x
Extended LIT-USD	+0.0048%	1h	4.7633	+0.032%	$5.3M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7621	+0.008%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7727	+0.229%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7714	+0.202%	$212.0M	$45.1M	5x
Aster LITUSDT	+0.0100%	4h	4.7709	+0.191%	$12.8M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7675	+0.120%	$588K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7633	+0.032%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7640	+0.047%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	+0.131%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7670	+0.110%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7690	+0.152%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7721	+0.217%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.344%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7676	+0.123%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0160%	4h	4.7593	−0.052%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7677	+0.125%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7750	+0.278%	$3.8M	$14.2M	5x	as long as short