Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.041%

Price spread now: SunX against Hyperliquid−0.275%7-day average −0.144% · you buy dearer than you sell

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

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.275%, 7d avg −0.144%

Together, before fees+0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.132% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.144%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7567	0.0169	pay 0.0021% / 1h	44m 00s	$213.3M	$44.9M	5x
Short	SunX LIT-USDT	4.7436	0.0100	get 0.0050% / 4h	3h 44m	$5K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.275%Rate

Funding earned: −$14.51
Price spread: −0.275% → −0.144%: −$13.17
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$44.68
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; SunX: live order book, 9 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, 10 min ago	0.85 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	500.14 bp	doesn't fit	doesn't fit	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	−0.0683%	1h	4.7445	−0.257%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0532%	4h	4.7470	−0.204%	$2.8M	$4.4M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0513%	4h	4.7421	−0.307%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7476	−0.191%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0323%	1h	4.7462	−0.221%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0262%	4h	4.7481	−0.181%	$25.8M	$64.1M	50x	as long as short
KuCoin LITUSDTM	−0.0156%	4h	4.7472	−0.200%	$5.2M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0100%	1h	4.7502	−0.137%	$684K	$1.4M	5x	as long as short
Phemex LITUSDT	−0.0091%	4h	4.7470	−0.204%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7414	−0.322%	$670K	$402K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7138	−0.903%	$894K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0058%	1h	4.7180	−0.814%	$55K	$77K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7328	−0.502%	$205K	$361K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7522	−0.094%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7507	−0.126%	$31K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7497	−0.146%	$35K	—	150x	as long as short
Nado LIT-PERP	+0.0014%	1h	4.7475	−0.193%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.994%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.7464	−0.217%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7525	−0.088%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7547	−0.042%	$3.7M	$13.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7551	−0.034%	$12.7M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7496	−0.149%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7437	−0.274%	$75.7M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7454	−0.238%	$42.8M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7475	−0.193%	$117K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−0.896%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7447	−0.252%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7490	−0.162%	$6.8M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7147	−0.884%	$287K	$311K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7483	−0.177%	$449K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7484	−0.174%	$2K	—	6.7x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.7436	−0.275%	$5K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7464	−0.217%	$995	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7344	−0.469%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7425	−0.298%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7462	−0.222%	$148K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7496	−0.148%	$807K	$2.0M	5x	as long as short
Hyperliquid LITlong	+0.0169%	1h	4.7567	long leg	$213.3M	$44.9M	5x
Aftermath Perps LITUSD	+0.0313%	1h	4.7325	−0.508%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7352	−0.452%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0384% / S −0.0176%	1h	4.7487	−0.169%	$63K	—	50x	as long as short