Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.042%

Price spread now: Derive against Hyperliquid−0.056%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.6746	0.0100	pay 0.0013% / 1h	50m 17s	$209.0M	$41.8M	5x
Short	Derive LIT-PERP	4.6720	0.0100	get 0.0013% / 1h	50m 17s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → 0.000%: −$5.59
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$20.59
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; Derive: 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, 4 min ago	1.38 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0504%	1h	4.6616	−0.278%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.6643	−0.220%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0373%	1h	4.6695	−0.110%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0297%	1h	4.6686	−0.129%	$84K	$68K	20x	as long as short
Gate LIT_USDT	−0.0194%	4h	4.6710	−0.077%	$2.7M	$4.2M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.217%	$612K	$404K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0174%	1h	4.6700	−0.098%	$661K	$1.4M	5x	as long as short
Phemex LITUSDT	−0.0135%	4h	4.6680	−0.141%	$1.3M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6943	+0.421%	$202K	$305K	5x	as long as short
Bybit LITUSDT	−0.0019%	4h	4.6690	−0.120%	$41.2M	$28.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0016%	4h	4.6754	+0.017%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0002%	4h	4.6712	−0.073%	$25.1M	$61.3M	50x	as long as short
Polymarket Perps LIT-USD	0.0000%	1h	4.6696	−0.107%	$436K	$109K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6722	−0.052%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6726	−0.043%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0020%	1h	4.6840	+0.201%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.768%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0048%	1h	4.6673	−0.156%	$5.1M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0059%	8h	4.6660	−0.184%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6863	+0.251%	$908K	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6727	−0.040%	$779K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0074%	1h	4.6690	−0.120%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6733	−0.028%	$58.2M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6749	+0.006%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.6746	long leg	$209.0M	$41.8M	5x
Pacifica LIT	+0.0100%	1h	4.6696	−0.107%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6698	−0.103%	$74.6M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6704	−0.090%	$122K	$453K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6887	+0.302%	$117K	$973	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6691	−0.118%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6710	−0.077%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6866	+0.257%	$286K	$303K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.6720	−0.056%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6698	−0.103%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6710	−0.077%	$2K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6799	+0.113%	$198K	$388K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6696	−0.106%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.6840	+0.201%	$8K	$206K	10x	as long as short
Aster LITUSDT	+0.0185%	4h	4.6738	−0.016%	$12.5M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.6720	−0.055%	$31K	$794K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6684	−0.133%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6724	−0.047%	$62K	—	50x	as long as short