Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.106%

Price spread now: Bybit against Hyperliquid−0.170%7-day average −0.104% · you buy dearer than you sell

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

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.170%, 7d avg −0.104%

Together, before fees−0.299%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 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: Bybit is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7121	0.0100	pay 0.0013% / 1h	51m 46s	$211.1M	$44.3M	5x
Short	Bybit LITUSDT	4.7041	0.0100	get 0.0050% / 4h	2h 51m	$42.3M	$29.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → −0.104%: −$6.59
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 12 min ago	0.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.07 bp	24.2 bp −$24	64.8 bp −$648	388.2 bp −$38.8K	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	−0.0608%	1h	4.6999	−0.259%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0475%	4h	4.7006	−0.244%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0434%	1h	4.7058	−0.135%	$85K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0415%	1h	4.7138	+0.036%	$683K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0346%	1h	4.7086	−0.074%	$41K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0178%	4h	4.7063	−0.123%	$25.6M	$63.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0156%	4h	4.6820	−0.639%	$898K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7092	−0.062%	$5.3M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0135%	1h	4.6860	−0.554%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0104%	4h	4.7080	−0.087%	$2.8M	$4.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0102%	1h	4.6878	−0.516%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.6919	−0.428%	$664K	$385K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7072	−0.103%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7099	−0.048%	$471	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.950%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0039%	8h	4.6981	−0.298%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7052	−0.147%	$784K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7131	+0.021%	$59.0M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.462%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7049	−0.154%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.7121	long leg	$211.1M	$44.3M	5x
Aster LITUSDT	+0.0100%	4h	4.7135	+0.030%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7033	−0.186%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7047	−0.158%	$75.2M	$80.3M	75x	as long as short
Bybit LITUSDTshort	+0.0100%	4h	4.7041	−0.170%	$42.3M	$29.9M	75x
Arcus LIT-USD	+0.0100%	1h	4.6998	−0.261%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7079	−0.089%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	−0.045%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6902	−0.465%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7072	−0.104%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7097	−0.051%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7099	−0.047%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7070	−0.108%	$1K	$458K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7065	−0.119%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7060	−0.129%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7063	−0.123%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7067	−0.116%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7137	+0.034%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0297%	1h	4.7058	−0.134%	$10K	$208K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6873	−0.526%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0193%	1h	4.7113	−0.017%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7090	−0.066%	$31K	$860K	33x	as long as short