Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0399%/8h= +43.7% APRpaid last 24h +0.111%

Price spread now: Hyperliquid against Bybit+0.179%7-day average +0.103% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.179%, 7d avg +0.103%

Together, before fees+0.311%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7182	−0.0299	get 0.0150% / 4h	1h 41m	$42.6M	$30.4M	75x
Short	Hyperliquid LIT	4.7267	0.0100	get 0.0013% / 1h	41m 14s	$210.7M	$44.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.179%Rate

Funding earned: $83.89
Price spread: +0.179% → +0.103%: $7.59
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $71.47
Costs to cover: 0.200%
Break-even: 1.0 days

Slippage unknown: Bybit: live order book, 3 min ago; Hyperliquid: live order book, 13 min ago. Net counts fees only.

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 Bybit live order book, 3 min ago	1.06 bp	21.4 bp −$21	59.8 bp −$598	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.11 bp	8.7 bp −$9	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
Gate LIT_USDT	−0.0992%	4h	4.7200	+0.038%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0902%	1h	4.7171	−0.022%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0676%	1h	4.7204	+0.047%	$663K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.7129	−0.112%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7180	−0.004%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0522%	4h	4.7170	−0.025%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0422%	4h	4.7154	−0.059%	$25.3M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7181	−0.001%	$85K	$81K	20x	as long as short
Bybit LITUSDTlong	−0.0299%	4h	4.7182	long leg	$42.6M	$30.4M	75x
KuCoin LITUSDTM	−0.0288%	4h	4.7230	+0.102%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0229%	1h	4.7171	−0.023%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0200%	4h	4.7104	−0.166%	$899K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.143%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7258	+0.160%	$787K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0042%	1h	4.7179	−0.007%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.104%	$245K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7255	+0.154%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0001%	8h	4.7205	+0.050%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7232	+0.105%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.818%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0055%	4h	4.7164	−0.038%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7155	−0.057%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.7158	−0.051%	$74.8M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7194	+0.025%	$148K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0083%	1h	4.7175	−0.015%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7245	+0.134%	$59.4M	$29.4M	5x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7267	+0.179%	$210.7M	$44.8M	5x
Aster LITUSDT	+0.0100%	4h	4.7255	+0.155%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7265	+0.175%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7234	+0.110%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	−0.072%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	+0.059%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	−0.110%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7204	+0.047%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7224	+0.089%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7207	+0.053%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7222	+0.085%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7155	−0.057%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0226%	4h	4.7158	−0.051%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7218	+0.075%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7222	+0.085%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0400%	1h	4.7275	+0.197%	$3.7M	$13.6M	5x	as long as short