Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0561%/8h= +61.5% APRpaid last 24h +0.188%

Price spread now: Hyperliquid against Orderly+0.076%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread 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	Orderly PERP_LIT_USDC	4.8660	−0.0354	get 0.0177% / 4h	2h 17m	$33K	$1K	10x
Short	Hyperliquid LIT	4.8697	0.0207	get 0.0026% / 1h	17m 28s	$219.5M	$41.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Orderly. 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 OrderlybpFee HyperliquidbpOrdersPrice spread, now +0.076%Rate

Funding earned: $117.91
Price spread: +0.076% → 0.000%: $7.6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $110.51
Costs to cover: 0.150%
Break-even: 0.4 days

Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 7 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 Orderly no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	0.10 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	−0.390%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDClong	−0.0354%	4h	4.8660	long leg	$33K	$1K	10x
Deribit LIT_USDC-PERPETUAL	−0.0238%	1h	4.8713	+0.109%	$43K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0208%	1h	4.8621	−0.080%	$32K	$4K	5x	as long as short
Bullet LIT-USD	−0.0166%	1h	4.8669	+0.018%	$87K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.8597	−0.129%	$26.2M	$62.9M	50x	as long as short
Phemex LITUSDT	−0.0140%	4h	4.8690	+0.062%	$1.4M	$2.8M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.8366	−0.604%	$902K	$1.9M	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.8141	−1.067%	$207K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8652	−0.016%	$845K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8640	−0.041%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8711	+0.104%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−1.274%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0048%	4h	4.8645	−0.031%	$5.5M	$1.0M	30x	as long as short
Bybit LITUSDT	+0.0072%	4h	4.8604	−0.115%	$42.2M	$28.8M	75x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8620	−0.083%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8641	−0.039%	$60.6M	$28.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8595	−0.133%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8675	+0.032%	$623K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8597	−0.129%	$78.1M	$77.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8680	+0.041%	$121K	$471K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−1.722%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8660	0.000%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8632	−0.058%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8660	0.000%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8767	+0.220%	$683K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8045	−1.263%	$294K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8420	−0.493%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8607	−0.109%	$456K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8731	+0.145%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8690	+0.062%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8705	+0.092%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8615	−0.092%	$202K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8637	−0.047%	$5.3M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8700	+0.082%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8693	+0.068%	$3.7M	$13.3M	5x	as long as short
Hyperliquid LITshort	+0.0207%	1h	4.8697	+0.076%	$219.5M	$41.1M	5x
Aster LITUSDT	+0.0229%	4h	4.8721	+0.126%	$13.0M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0261%	1h	4.8071	−1.211%	$9K	$217K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8370	−0.596%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0429% / S −0.0217%	1h	4.8718	+0.120%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8614	−0.094%	$35K	$686K	33x	as long as short