Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.108%

Price spread now: Hyperliquid against Gate+0.047%7-day average +0.073% · you sell dearer than you buy

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 7 days+0.059%+$6 · spread now +0.047%, 7d avg +0.073%

Together, before fees+0.398%+ Points / potential airdropHyperliquid: Season 2 · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.026% cheaper against Gate than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.073%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.6990	−0.0124	get 0.0062% / 4h	2h 52m	$2.8M	$4.2M	50x
Short	Hyperliquid LIT	4.7012	0.0100	get 0.0013% / 1h	52m 51s	$210.6M	$44.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.047%Rate

Funding earned: $47.04
Price spread: +0.047% → +0.073%: −$2.64
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $20.4
Costs to cover: 0.240%
Break-even: 4.0 days

Slippage unknown: Gate: live order book, 5 min ago; Hyperliquid: live order book, 11 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 Gate live order book, 5 min ago	3.20 bp	22.2 bp −$22	68.4 bp −$684	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.10 bp	5.9 bp −$6	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
01 Exchange LITUSD	−0.0616%	1h	4.6816	−0.370%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0504%	1h	4.6961	−0.062%	$681K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0476%	4h	4.6837	−0.326%	$32K	$2K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0455%	1h	4.6894	−0.204%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0445%	1h	4.6872	−0.251%	$84K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0179%	4h	4.7022	+0.068%	$25.5M	$63.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0156%	4h	4.6820	−0.362%	$898K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0142%	4h	4.6939	−0.109%	$5.2M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0135%	1h	4.6860	−0.277%	$56K	$77K	50x	as long as short
Gate LIT_USDTlong	−0.0124%	4h	4.6990	long leg	$2.8M	$4.2M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0102%	1h	4.6878	−0.238%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.6919	−0.150%	$664K	$385K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6882	−0.229%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6928	−0.132%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.235%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.6833	−0.334%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6896	−0.199%	$781K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6959	−0.066%	$58.8M	$29.1M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.185%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6900	−0.192%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7012	+0.047%	$210.6M	$44.2M	5x
Aster LITUSDT	+0.0100%	4h	4.7006	+0.035%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6875	−0.245%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6987	−0.006%	$75.1M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6994	+0.009%	$42.2M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6848	−0.302%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6948	−0.089%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	+0.085%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6902	−0.188%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6896	−0.200%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6909	−0.172%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6902	−0.187%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6875	−0.245%	$1K	$458K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6902	−0.187%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6860	−0.277%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6943	−0.099%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6862	−0.272%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.6970	−0.043%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0290%	1h	4.7031	+0.088%	$10K	$208K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6873	−0.249%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0193%	1h	4.6917	−0.156%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6882	−0.230%	$31K	$858K	33x	as long as short