Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.047%

Price spread now: Hyperliquid against MEXC+0.238%7-day average +0.125% · you sell dearer than you buy

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

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.279%+$28 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.238%, 7d avg +0.125%

Together, before fees+0.202%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.113% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.7575	0.0056	pay 0.0028% / 4h	1h 00m	$5.7M	$4.2M	100x
Short	Hyperliquid LIT	4.7688	0.0100	get 0.0013% / 1h	0m 14s	$213.4M	$44.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.238%Rate

Funding earned: $9.24
Price spread: +0.238% → +0.125%: $11.27
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $7.51
Costs to cover: 0.130%
Break-even: 1.3 days

Slippage unknown: MEXC: live order book, 2 min ago; Hyperliquid: live order book, 4 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 MEXC live order book, 2 min ago	0.10 bp	3.5 bp −$4	43.1 bp −$431	265.4 bp −$26.5K	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.52 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
Gate LIT_USDT	−0.1104%	4h	4.7630	+0.116%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0674%	1h	4.7557	−0.037%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0624%	4h	4.7531	−0.092%	$33K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0556%	1h	4.7672	+0.204%	$669K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7595	+0.042%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0487%	4h	4.7570	−0.011%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0464%	4h	4.7560	−0.032%	$25.8M	$63.7M	50x	as long as short
Bullet LIT-USD	−0.0322%	1h	4.7572	−0.006%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0234%	4h	4.7644	+0.145%	$5.3M	$1.1M	30x	as long as short
Aftermath Perps LITUSD	−0.0224%	1h	4.7589	+0.030%	$13K	$204K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0206%	4h	4.7591	+0.034%	$42.9M	$30.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7680	+0.220%	$675K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7540	−0.074%	$905K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7626	+0.108%	$815K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7628	+0.111%	$206K	$327K	5x	as long as short
Nado LIT-PERP	−0.0007%	1h	4.7597	+0.046%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7663	+0.185%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7585	+0.022%	$31K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7611	+0.077%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0007%	8h	4.7570	−0.010%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.977%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7520	−0.116%	$289K	$311K	10x	as long as short
MEXC LIT_USDTlong	+0.0056%	4h	4.7575	long leg	$5.7M	$4.2M	100x
Binance LITUSDT	+0.0061%	4h	4.7548	−0.057%	$75.7M	$81.2M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7576	+0.003%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7649	+0.156%	$60.0M	$30.1M	5x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7688	+0.238%	$213.4M	$44.5M	5x
Aster LITUSDT	+0.0100%	4h	4.7692	+0.246%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	+0.132%	$617K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7603	+0.059%	$119K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.019%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7650	+0.158%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	−0.158%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7601	+0.055%	$450K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7601	+0.054%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7595	+0.042%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7576	+0.002%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7626	+0.107%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7546	−0.062%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7670	+0.200%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0229%	4h	4.7555	−0.042%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7614	+0.081%	$62K	—	50x	as long as short