Settings8H · net · $10k
Funding arb · Price arb /

LIT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0438%/8h= +48.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.144%
Price spread now: Hyperliquid against Bullet+0.149%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.149% dearer against Bullet than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet LIT-USD4.7631−0.0338get 0.0042% / 1h17m 50s$86K$81K20x
ShortHyperliquid LIT4.77020.0100get 0.0013% / 1h17m 50s$212.0M$45.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bullet. 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

Funding earned
$91.96
Price spread: +0.149% → 0.000%
$14.91
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$89.87
Costs to cover
0.170%
Break-even
0.2 days
Slippage unknown: Bullet: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet no order-book sample
Sell Hyperliquid live order book, 6 min ago0.10 bp10.9 bp −$11doesn't fitdoesn't fitdoesn't fit
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit LIT_USDC-PERPETUAL−0.0979%1h4.7639+0.017%$42K$40K10xas long as short
Orderly PERP_LIT_USDC−0.0610%4h4.7594−0.078%$33K$2K10xas long as short
Gate LIT_USDT−0.0600%4h4.7650+0.040%$2.8M$4.5M50xas long as short
01 Exchange LITUSD−0.0560%1h4.7575−0.118%$33K$4K5xas long as short
Phemex LITUSDT−0.0553%4h4.7600−0.065%$1.3M$2.7M20xas long as short
Bullet LIT-USDlong−0.0338%1h4.7631long leg$86K$81K20x
OKX LIT-USDT-SWAP−0.0326%4h4.7602−0.061%$25.1M$62.2M50xas long as short
GRVT LIT_USDT_Perp−0.0296%4h4.7469−0.341%$906K$1.9M10xas long as short
Bybit LITUSDT−0.0294%4h4.7620−0.023%$43.1M$30.6M75xas long as short
KuCoin LITUSDTM−0.0286%4h4.7653+0.046%$5.3M$1.1M30xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack LIT_USDC_PERP−0.0273%1h4.7673+0.088%$670K$1.5M5xas long as short
Coinbase International LIT-PERP-INTX−0.0152%1h4.7721+0.189%$660K$404K50xas long as short
Phoenix LIT−0.0050%1h4.7583−0.101%$247K$321K5xas long as short
Aftermath Perps LITUSD−0.0028%1h4.7603−0.059%$12K$199K10xas long as short
Paradex LIT-USD-PERP−0.0022%8h4.7622−0.019%$6K$2K5xas long as short
SoDEX LIT-USD−0.0002%1h4.7625−0.013%$1K$487K5xas long as short
dYdX LIT-USD0.0000%1h4.7679+0.100%$34K5xas long as short
gTrade (Gains Network) LIT/USDL +0.0003% / S −0.0003%1h4.7685+0.114%$35K150xas long as short
RISEx LIT/USDC+0.0009%1h4.7654+0.047%$830K$2.0M5xas long as short
Nado LIT-PERP+0.0014%1h4.7605−0.055%$2.2M$1.7M10xas long as short
Polymarket Perps LIT-USD+0.0031%1h4.7653+0.046%$450K$105K10xas long as short
Injective LIT/USDC PERP+0.0033%1h4.8040+0.859%$422$178K5.5xas long as short
edgeX LITUSDC+0.0038%4h4.7597−0.072%$290K$311K10xas long as short
MEXC LIT_USDT+0.0044%4h4.7615−0.034%$5.8M$4.2M100xas long as short
Binance LITUSDT+0.0046%4h4.7586−0.095%$75.3M$81.4M75xas long as short
Aevo LIT-PERP+0.0064%1h4.7629−0.004%$149K$44K3xas long as short
Extended LIT-USD+0.0080%1h4.7612−0.040%$5.3M$5.2M25xas long as short
Lighter LIT+0.0096%1h4.7695+0.134%$59.8M$30.1M5xas long as short
Hyperliquid LITshort+0.0100%1h4.7702+0.149%$212.0M$45.1M5x
Aster LITUSDT+0.0100%4h4.7703+0.151%$12.8M$2.5M50xas long as short
Pacifica LIT+0.0100%1h4.7664+0.069%$588K$1.8M10xas long as short
Arcus LIT-USD+0.0100%1h4.7629−0.004%$117K$449K5xas long as short
Bitget LITUSDT+0.0100%4h4.7650+0.040%$6.8M$2.7M20xas long as short
ApeX Omni LITUSDT+0.0100%1h4.7680+0.103%$56K$78K50xas long as short
Derive LIT-PERP+0.0100%1h4.7681+0.105%$2K$1K6.7xas long as short
SunX LIT-USDT+0.0100%4h4.7681+0.105%$4K$1.2M20xas long as short
HTX LIT-USDT+0.0100%4h4.7684+0.111%$191K$329K30xas long as short
Bulk LIT-USD+0.0100%1h4.7454−0.372%$119K$6K10xas long as short
Perpl LIT+0.0112%43m4.7668+0.078%$32K$839K33xas long as short
BloFin LIT-USDT+0.0178%4h4.7633+0.004%$1.5M$2.1M75xas long as short
GMX LIT/USD [ETH-USDC]L +0.0359% / S −0.0155%1h4.7681+0.105%$60K50xas long as short
Lighter RH LIT+0.0424%1h4.7713+0.172%$3.7M$14.2M5xas long as short