Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.8% APRpaid last 24h +0.047%

Price spread now: Hyperliquid against edgeX+0.019%7-day average +0.097% · you sell dearer than you buy

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

Long on edgeX 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 3 days (all we have)−0.034%−$3 · spread now +0.019%, 7d avg +0.097%

Together, before fees+0.245%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.078% cheaper against edgeX than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.097%). If the spread goes back, that is −$8 on $10k: about 6.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.280% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.7200	0.0057	pay 0.0028% / 4h	1h 39m	$287K	$310K	10x
Short	Hyperliquid LIT	4.7209	0.0100	get 0.0013% / 1h	39m 28s	$210.5M	$44.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.019%Rate

Funding earned: $9.12
Price spread: +0.019% → +0.097%: −$7.82
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$16.7
Costs to cover: 0.180%
Break-even: 19.8 days

Slippage unknown: edgeX: live order book, 44 min ago; Hyperliquid: live order book, 5 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 edgeX live order book, 44 min ago	5.16 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.27 bp	doesn't fit	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	−0.1018%	4h	4.7160	−0.085%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0774%	1h	4.7128	−0.153%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0679%	1h	4.7180	−0.042%	$663K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0629%	4h	4.7084	−0.246%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7085	−0.244%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0524%	4h	4.7120	−0.170%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0425%	4h	4.7122	−0.165%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7128	−0.152%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0296%	4h	4.7140	−0.127%	$42.6M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7162	−0.081%	$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	−0.0227%	1h	4.7161	−0.082%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	−0.054%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.104%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7184	−0.035%	$786K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.066%	$245K	$327K	5x	as long as short
Nado LIT-PERP	−0.0032%	1h	4.7133	−0.141%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7204	+0.008%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7181	−0.039%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0004%	8h	4.7114	−0.182%	$6K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.780%	$422	$178K	5.5x	as long as short
edgeX LITUSDClong	+0.0057%	4h	4.7200	long leg	$287K	$310K	10x
MEXC LIT_USDT	+0.0058%	4h	4.7113	−0.184%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7117	−0.176%	$74.7M	$81.0M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7156	−0.092%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0075%	1h	4.7140	−0.127%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7198	−0.004%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7209	+0.019%	$210.5M	$44.1M	5x
Aster LITUSDT	+0.0100%	4h	4.7218	+0.038%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7174	−0.055%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7148	−0.110%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	−0.110%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7170	−0.064%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	−0.021%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7148	−0.110%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7166	−0.073%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7172	−0.059%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7227	+0.057%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7111	−0.188%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0226%	4h	4.7158	−0.089%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7178	−0.047%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7171	−0.062%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7231	+0.066%	$3.7M	$13.6M	5x	as long as short