LIT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.068%

Price spread now: Backpack against Hyperliquid−0.163%7-day average +0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days+0.312%+$31 · spread now −0.163%, 7d avg +0.158%

Together, before fees+0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.321% cheaper against Hyperliquid than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.158%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7274	0.0197	pay 0.0025% / 1h	16m 31s	$212.0M	$44.9M	5x
Short	Backpack LIT_USDC_PERP	4.7197	0.0100	get 0.0013% / 1h	16m 31s	$680K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hyperliquid. 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 HyperliquidbpFee BackpackbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$20.29
Price spread: −0.163% → +0.158%: −$32.14
Slippage, 4 orders: −$15.74
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$87.17
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Backpack: live order book, 2 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 Hyperliquid live order book, 7 min ago	0.11 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.53 bp	6.2 bp −$6	16.3 bp −$163	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	−0.0827%	1h	4.7128	−0.308%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0822%	4h	4.7240	−0.072%	$2.8M	$4.6M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0551%	4h	4.7092	−0.385%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0528%	1h	4.7148	−0.267%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0361%	4h	4.7202	−0.152%	$25.6M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0334%	1h	4.7192	−0.173%	$84K	$80K	20x	as long as short
Phemex LITUSDT	−0.0298%	4h	4.7150	−0.262%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0186%	4h	4.7189	−0.180%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.707%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0070%	4h	4.7367	+0.196%	$908K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7376	+0.216%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7195	−0.166%	$33K	$850K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7243	−0.066%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7237	−0.079%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7223	−0.107%	$816K	$2.1M	5x	as long as short
Bybit LITUSDT	+0.0023%	4h	4.7200	−0.157%	$42.5M	$30.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7160	−0.240%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.620%	$422	$178K	5.5x	as long as short
Lighter LIT	+0.0096%	1h	4.7240	−0.072%	$59.1M	$30.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7185	−0.188%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7255	−0.040%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7202	−0.152%	$587K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7176	−0.207%	$75.2M	$81.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7197	−0.163%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	+0.089%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7173	−0.214%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	−0.135%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7197	−0.163%	$680K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7343	+0.145%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7390	+0.245%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7215	−0.125%	$446K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7166	−0.229%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7133	−0.298%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7165	−0.231%	$977	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7201	−0.154%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7187	−0.185%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7155	−0.252%	$147K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0174%	1h	4.7332	+0.123%	$13K	$203K	10x	as long as short
Hyperliquid LITlong	+0.0197%	1h	4.7274	long leg	$212.0M	$44.9M	5x
Lighter RH LIT	+0.0216%	1h	4.7260	−0.030%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7067	−0.438%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0376% / S −0.0169%	1h	4.7170	−0.220%	$62K	—	50x	as long as short