Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.087%

Price spread now: Bybit against Hyperliquid−0.164%7-day average −0.105% · you buy dearer than you sell

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

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.164%, 7d avg −0.105%

Together, before fees−0.263%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.059% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.105%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.8158	0.0211	pay 0.0026% / 1h	0m 46s	$217.6M	$38.6M	5x
Short	Bybit LITUSDT	4.8079	0.0031	get 0.0016% / 4h	0m 46s	$41.7M	$27.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$37.73
Price spread: −0.164% → −0.105%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$63.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.10 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.04 bp	19.1 bp −$19	63.8 bp −$638	493.3 bp −$49.3K	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	−0.0365%	4h	4.8034	−0.257%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7968	−0.396%	$608K	$349K	50x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.7921	−0.492%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0194%	1h	4.8082	−0.158%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0149%	4h	4.8087	−0.147%	$25.9M	$59.4M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0124%	1h	4.8124	−0.070%	$42K	$39K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0090%	4h	4.7960	−0.411%	$886K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0013%	1h	4.7980	−0.370%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8100	−0.120%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8141	−0.035%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDTshort	+0.0031%	4h	4.8079	−0.164%	$41.7M	$27.3M	75x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.245%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7992	−0.345%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7976	−0.378%	$816K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.8080	−0.163%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8156	−0.004%	$60.0M	$26.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8015	−0.297%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8115	−0.089%	$743K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8064	−0.195%	$77.0M	$73.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7974	−0.382%	$127K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8027	−0.271%	$120K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8100	−0.120%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8058	−0.208%	$6.0M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8089	−0.143%	$5.5M	$933K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8080	−0.162%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8161	+0.006%	$687K	$992K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7918	−0.499%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8066	−0.191%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7969	−0.392%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8073	−0.177%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8113	−0.093%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7986	−0.357%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8140	−0.037%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8074	−0.175%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8103	−0.114%	$150K	—	3x	as long as short
Hyperliquid LITlong	+0.0211%	1h	4.8158	long leg	$217.6M	$38.6M	5x
Aster LITUSDT	+0.0291%	4h	4.8182	+0.049%	$12.9M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0296%	1h	4.8169	+0.023%	$3.7M	$12.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8096	−0.129%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8131	−0.056%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8160	+0.005%	$32K	$642K	33x	as long as short
Aftermath Perps LITUSD	+0.0468%	1h	4.8023	−0.281%	$9K	$202K	10x	as long as short