Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.037%

Price spread now: HTX against Hyperliquid−0.350%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$750.755% of the position

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.350%, 7d avg +0.024%

Together, before fees−0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 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: HTX is 0.374% cheaper against Hyperliquid than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7529	0.0100	pay 0.0013% / 1h	17m 37s	$213.0M	$41.2M	5x
Short	HTX LIT-USDT	4.7363	0.0100	get 0.0050% / 4h	1h 17m	$195K	$380K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.350%Rate

Funding earned: $0
Price spread: −0.350% → +0.024%: −$37.38
Slippage, 4 orders: −$54.49
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$112.87
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; HTX: live order book, 45 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, 6 min ago	0.53 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 45 min ago	16.13 bp	24.8 bp −$25	142.0 bp −$1,420	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
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7096	−0.911%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7479	−0.105%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0244%	1h	4.7150	−0.798%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0239%	1h	4.7139	−0.821%	$85K	$68K	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.7084	−0.937%	$202K	$341K	5x	as long as short
Gate LIT_USDT	−0.0068%	4h	4.7440	−0.188%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0030%	4h	4.7250	−0.587%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−1.535%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7177	−0.740%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7521	−0.017%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−1.050%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	+0.0033%	4h	4.7473	−0.118%	$25.6M	$62.4M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.075%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0038%	4h	4.7496	−0.070%	$5.3M	$1.0M	30x	as long as short
GRVT LIT_USDT_Perp	+0.0054%	4h	4.6940	−1.239%	$911K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0076%	8h	4.7458	−0.150%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7516	−0.028%	$59.2M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7548	+0.040%	$3.7M	$13.3M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7512	−0.036%	$800K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7131	−0.837%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.7529	long leg	$213.0M	$41.2M	5x
Pacifica LIT	+0.0100%	1h	4.7482	−0.098%	$587K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7486	−0.092%	$75.6M	$78.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7470	−0.124%	$42.1M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7485	−0.093%	$124K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−1.399%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7464	−0.137%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7500	−0.061%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7313	−0.455%	$696K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7010	−1.092%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7158	−0.781%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7177	−0.741%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7121	−0.859%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7157	−0.783%	$2K	$403K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7363	−0.350%	$195K	$380K	30x
Extended LIT-USD	+0.0104%	1h	4.7459	−0.147%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7134	−0.832%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0166%	1h	4.7022	−1.067%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0210%	4h	4.7434	−0.199%	$12.7M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7044	−1.021%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0212%	1h	4.7175	−0.744%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7163	−0.770%	$31K	$814K	33x	as long as short