Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h +0.060%

Price spread now: Hyperliquid against GRVT+0.417%85s7-day average +0.175% · you sell dearer than you buy

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

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.417%, 7d avg +0.175%

Together, before fees+0.638%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$64 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 0.242% dearer against GRVT than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.175%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LIT_USDT_Perp	4.6885	0.0042	pay 0.0021% / 4h	3h 34m	$900K	$1.8M	10x
Short	Hyperliquid LIT	4.7081	0.0100	get 0.0013% / 1h	34m 10s	$210.2M	$41.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GRVT. 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 GRVTbpFee HyperliquidbpOrdersPrice spread, now +0.417%Rate

Funding earned: $12.18
Price spread: +0.417% → +0.175%: $24.2
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $18.38
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 min ago; Hyperliquid: live order book, 10 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 GRVT live order book, 4 min ago	1.06 bp	13.9 bp −$14	63.0 bp −$630	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	2.02 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
Deribit LIT_USDC-PERPETUAL	−0.0543%	1h	4.6993	+0.229%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.6942	+0.121%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	+0.039%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7008	+0.261%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0246%	1h	4.6994	+0.232%	$84K	$67K	20x	as long as short
ApeX Omni LITUSDT	−0.0108%	1h	4.7030	+0.308%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.7008	+0.261%	$25.3M	$61.0M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7057	+0.366%	$202K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7041	+0.332%	$792K	$2.2M	5x	as long as short
Nado LIT-PERP	−0.0004%	1h	4.7045	+0.341%	$2.2M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7062	+0.377%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7036	+0.321%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0012%	4h	4.7000	+0.244%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.462%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perplong	+0.0042%	4h	4.6885	long leg	$900K	$1.8M	10x
Bybit LITUSDT	+0.0072%	4h	4.7017	+0.281%	$41.0M	$29.1M	75x	as long as short
Paradex LIT-USD-PERP	+0.0079%	8h	4.6984	+0.211%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7059	+0.370%	$58.7M	$28.3M	5x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7081	+0.417%	$210.2M	$41.5M	5x
Pacifica LIT	+0.0100%	1h	4.7052	+0.355%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6982	+0.206%	$75.4M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7040	+0.330%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6970	+0.181%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7020	+0.287%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6983	+0.208%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7010	+0.266%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7030	+0.308%	$659K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7006	+0.256%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7020	+0.287%	$439K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7024	+0.295%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6994	+0.231%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6994	+0.231%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7075	+0.404%	$199K	$358K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6980	+0.202%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6981	+0.204%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6977	+0.195%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7076	+0.406%	$31K	$745K	33x	as long as short
Aftermath Perps LITUSD	+0.0164%	1h	4.7053	+0.357%	$9K	$206K	10x	as long as short
Lighter RH LIT	+0.0232%	1h	4.7064	+0.381%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0247%	4h	4.7102	+0.463%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6976	+0.193%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7031	+0.311%	$65K	—	50x	as long as short