Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.008%

Price spread now: Perpl against Hyperliquid−0.103%7-day average −0.099% · you buy dearer than you sell

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

Long on Hyperliquid Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.103%, 7d avg −0.099%

Together, before fees−0.285%+ Points / potential airdropHyperliquid: Season 2 · Perpl: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.285%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.6823	0.0100	pay 0.0013% / 1h	32m 21s	$209.4M	$42.1M	5x
Short	Perpl LIT	4.6775	0.0335	get 0.0030% / 43m	3m 21s	$31K	$788K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.103%Rate

Funding earned: $49.33
Price spread: −0.103% → −0.099%: −$0.4
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $26.12
Costs to cover: 0.228%
Break-even: 3.3 days

Slippage unknown: Hyperliquid: live order book, 12 min ago; Perpl: no order-book sample. 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	0.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0496%	1h	4.6753	−0.149%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6712	−0.237%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0333%	1h	4.6763	−0.128%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0284%	1h	4.6761	−0.132%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0224%	4h	4.6770	−0.113%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.053%	$612K	$398K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0173%	1h	4.6723	−0.213%	$659K	$1.4M	5x	as long as short
Extended LIT-USD	−0.0104%	1h	4.6745	−0.166%	$5.1M	$5.0M	25x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6760	−0.134%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0055%	4h	4.6764	−0.126%	$41.2M	$28.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.6644	−0.382%	$201K	$305K	5x	as long as short
KuCoin LITUSDTM	−0.0002%	4h	4.6741	−0.175%	$5.2M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6782	−0.088%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	0.0000%	4h	4.6776	−0.100%	$25.1M	$61.3M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6788	−0.074%	$11K	—	150x	as long as short
Nado LIT-PERP	+0.0008%	1h	4.6742	−0.174%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.599%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0048%	1h	4.6580	−0.519%	$56K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0061%	1h	4.6764	−0.126%	$437K	$110K	10x	as long as short
Paradex LIT-USD-PERP	+0.0068%	8h	4.6725	−0.208%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6766	−0.122%	$784K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6831	+0.017%	$58.3M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6822	−0.002%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.6823	long leg	$209.4M	$42.1M	5x
Pacifica LIT	+0.0100%	1h	4.6762	−0.130%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6758	−0.139%	$74.8M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6773	−0.107%	$114K	$456K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6754	−0.147%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6780	−0.092%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6556	−0.571%	$285K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6630	−0.412%	$906K	$1.8M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6788	−0.074%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6770	−0.113%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6785	−0.081%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6700	−0.262%	$197K	$387K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6576	−0.527%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6761	−0.133%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0193%	4h	4.6815	−0.017%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0242%	1h	4.6666	−0.335%	$9K	$207K	10x	as long as short
Perpl LITshort	+0.0335%	43m	4.6775	−0.103%	$31K	$788K	33x
BloFin LIT-USDT	+0.0340%	4h	4.6670	−0.327%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6787	−0.077%	$63K	—	50x	as long as short