Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.087%

Price spread now: Hyperliquid against KuCoin+0.055%7-day average +0.088% · you sell dearer than you buy

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

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 7 days+0.082%+$8 · spread now +0.055%, 7d avg +0.088%

Together, before fees+0.366%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.088%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.7106	−0.0132	get 0.0066% / 4h	2h 48m	$5.3M	$1.1M	30x
Short	Hyperliquid LIT	4.7132	0.0100	get 0.0013% / 1h	48m 25s	$211.2M	$44.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.055%Rate

Funding earned: $48.72
Price spread: +0.055% → +0.088%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $24.41
Costs to cover: 0.210%
Break-even: 3.5 days

Slippage unknown: KuCoin: live order book, 4 min ago; Hyperliquid: live order book, 6 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 KuCoin live order book, 4 min ago	5.21 bp	23.9 bp −$24	408.4 bp −$4,084	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.32 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	−0.0812%	1h	4.7045	−0.130%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6988	−0.250%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0469%	4h	4.6984	−0.259%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0407%	1h	4.7042	−0.136%	$85K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0212%	1h	4.7157	+0.108%	$683K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0176%	4h	4.7057	−0.104%	$25.6M	$63.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.450%	$899K	$1.8M	10x	as long as short
Gate LIT_USDT	−0.0136%	4h	4.7090	−0.034%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTMlong	−0.0132%	4h	4.7106	long leg	$5.3M	$1.1M	30x
Phoenix LIT	−0.0102%	1h	4.6878	−0.484%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.218%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7101	−0.012%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7090	−0.034%	$471	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.983%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0042%	8h	4.7027	−0.167%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7070	−0.075%	$784K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7170	+0.136%	$59.1M	$29.2M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.431%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7050	−0.119%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LITshort	+0.0100%	1h	4.7132	+0.055%	$211.2M	$44.3M	5x
Aster LITUSDT	+0.0100%	4h	4.7122	+0.034%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7101	−0.011%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7002	−0.221%	$75.1M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7031	−0.159%	$42.2M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7058	−0.102%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7029	−0.163%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	−0.055%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.559%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.051%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7058	−0.102%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7075	−0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7065	−0.087%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7050	−0.119%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	+0.314%	$189K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7120	+0.030%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7018	−0.187%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7019	−0.185%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7187	+0.172%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0333%	1h	4.7117	+0.023%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.070%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0194%	1h	4.7072	−0.072%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7085	−0.044%	$31K	$860K	33x	as long as short