Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.051%

Price spread now: Hyperliquid against HTX+0.063%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$830.825% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.063%, 7d avg −0.026%

Together, before fees+0.250%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.089% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7684	0.0100	pay 0.0050% / 4h	2h 18m	$191K	$329K	30x
Short	Hyperliquid LIT	4.7714	0.0100	get 0.0013% / 1h	18m 11s	$212.1M	$45.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → −0.026%: $8.9
Slippage, 4 orders: −$61.52
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$73.62
Costs to cover: 0.825%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Hyperliquid: live order book, 6 min ago.

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 HTX live order book, 4 min ago	18.14 bp	29.4 bp −$29	252.4 bp −$2,524	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.10 bp	10.9 bp −$11	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	−0.0979%	1h	4.7639	−0.094%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7594	−0.189%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0600%	4h	4.7650	−0.071%	$2.8M	$4.5M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7575	−0.229%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0553%	4h	4.7600	−0.176%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7631	−0.111%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0326%	4h	4.7616	−0.143%	$25.1M	$62.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0296%	4h	4.7469	−0.451%	$906K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7630	−0.113%	$43.1M	$30.6M	75x	as long as short
KuCoin LITUSDTM	−0.0286%	4h	4.7667	−0.036%	$5.3M	$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
Backpack LIT_USDC_PERP	−0.0273%	1h	4.7673	−0.023%	$670K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.078%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7583	−0.212%	$247K	$321K	5x	as long as short
Aftermath Perps LITUSD	−0.0028%	1h	4.7603	−0.170%	$12K	$199K	10x	as long as short
Paradex LIT-USD-PERP	−0.0022%	8h	4.7622	−0.130%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0002%	1h	4.7625	−0.124%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7679	−0.011%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7685	+0.003%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7654	−0.064%	$830K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0014%	1h	4.7605	−0.166%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0031%	1h	4.7653	−0.065%	$450K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.747%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0038%	4h	4.7597	−0.183%	$290K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7609	−0.157%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0046%	4h	4.7609	−0.158%	$75.3M	$81.3M	75x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7629	−0.115%	$149K	$44K	3x	as long as short
Extended LIT-USD	+0.0080%	1h	4.7620	−0.134%	$5.3M	$5.2M	25x	as long as short
Lighter LIT	+0.0096%	1h	4.7719	+0.073%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7714	+0.063%	$212.1M	$45.1M	5x
Aster LITUSDT	+0.0100%	4h	4.7717	+0.069%	$12.8M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7664	−0.042%	$588K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7629	−0.115%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7650	−0.071%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	−0.008%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7681	−0.006%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7681	−0.006%	$4K	$1.2M	20x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7684	long leg	$191K	$329K	30x
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.482%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7668	−0.034%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0178%	4h	4.7633	−0.107%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7681	−0.006%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7734	+0.105%	$3.8M	$14.2M	5x	as long as short