Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0343%/8h= −37.6% APRpaid last 24h −0.076%

Price spread now: GRVT against Hyperliquid+0.236%7-day average −0.173% · you sell dearer than you buy

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

Long on Hyperliquid Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.633%−$63 on $10k

Price spread, last 7 days−0.576%−$58 · spread now +0.236%, 7d avg −0.173%

Together, before fees−1.209%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board−$121 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.409% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of −0.173%): +$41 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7573	0.0227	pay 0.0028% / 1h	37m 23s	$213.3M	$44.9M	5x
Short	GRVT LIT_USDT_Perp	4.7685	−0.0116	pay 0.0058% / 4h	37m 23s	$906K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.236%Rate

Funding earned: −$72.12
Price spread: +0.236% → −0.173%: $40.86
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$49.26
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 7 min ago; GRVT: live order book, 1 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, 7 min ago	0.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.05 bp	13.6 bp −$14	29.8 bp −$298	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
Gate LIT_USDT	−0.0896%	4h	4.7480	−0.195%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0792%	1h	4.7453	−0.252%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0603%	4h	4.7417	−0.328%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7390	−0.385%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0436%	4h	4.7492	−0.170%	$25.7M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0409%	4h	4.7470	−0.217%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0326%	1h	4.7499	−0.156%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0226%	4h	4.7488	−0.179%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.074%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perpshort	−0.0116%	4h	4.7685	+0.236%	$906K	$1.8M	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0098%	4h	4.7520	−0.111%	$42.8M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7501	−0.151%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7492	−0.169%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7482	−0.191%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7547	−0.055%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7495	−0.163%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0015%	8h	4.7426	−0.309%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.982%	$422	$178K	5.5x	as long as short
Aftermath Perps LITUSD	+0.0073%	1h	4.7646	+0.153%	$13K	$203K	10x	as long as short
edgeX LITUSDC	+0.0076%	4h	4.7541	−0.068%	$289K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0078%	4h	4.7439	−0.282%	$5.5M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0079%	4h	4.7497	−0.160%	$75.7M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7442	−0.275%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7511	−0.130%	$59.7M	$29.8M	5x	as long as short
Polymarket Perps LIT-USD	+0.0098%	1h	4.7496	−0.162%	$449K	$105K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7465	−0.227%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7516	−0.119%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7485	−0.185%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7464	−0.229%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.131%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7500	−0.153%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7506	−0.141%	$674K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7550	−0.048%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7488	−0.179%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7530	−0.090%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7457	−0.244%	$995	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7567	−0.013%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7427	−0.307%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7531	−0.088%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LITlong	+0.0227%	1h	4.7573	long leg	$213.3M	$44.9M	5x
BloFin LIT-USDT	+0.0310%	4h	4.7502	−0.149%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7500	−0.154%	$62K	—	50x	as long as short