Funding you earn now, next payment 23:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.064%
Price spread now: Hyperliquid against Backpack−0.011%7-day average −0.141% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 7 days+0.464%+$46 · spread now −0.011%, 7d avg −0.141%
=Together, before fees+0.620%+ Points / potential airdropHyperliquid: Season 2 · farm board+$62 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.130% dearer against Backpack than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.141%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LIT_USDC_PERP | 4.7313 | −0.0124 | get 0.0015% / 1h | 54m 16s | $665K | $1.5M | 5x |
| Short | Hyperliquid LIT | 4.7308 | 0.0100 | get 0.0013% / 1h | 54m 16s | $210.9M | $44.7M | 5x |
Backpack LIT_USDC_PERP
Hyperliquid LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $46.99
- Price spread: −0.011% → −0.141%
- $13.04
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $41.02
- Costs to cover
- 0.190%
- Break-even
- 0.9 days
Slippage unknown: Backpack: live order book, 5 min ago; Hyperliquid: live order book, 10 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 Backpack live order book, 5 min ago | 0.74 bp | 6.4 bp −$6 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.11 bp | 7.4 bp −$7 | 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 | −0.1162% | 1h | 4.7180 | −0.280% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0796% | 4h | 4.7300 | −0.027% | $2.8M | $4.4M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0632% | 4h | 4.7155 | −0.334% | $32K | $2K | 10x | as long as short |
| Phemex LITUSDT | −0.0593% | 4h | 4.7160 | −0.323% | $1.3M | $2.7M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0403% | 4h | 4.7135 | −0.376% | $25.2M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0358% | 1h | 4.7203 | −0.233% | $85K | $81K | 20x | as long as short |
| 01 Exchange LITUSD | −0.0344% | 1h | 4.7242 | −0.150% | $33K | $4K | 5x | as long as short |
| Bybit LITUSDT | −0.0293% | 4h | 4.7161 | −0.321% | $42.6M | $30.7M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0290% | 4h | 4.7294 | −0.040% | $5.2M | $1.1M | 30x | as long as short |
| GRVT LIT_USDT_Perp | −0.0212% | 4h | 4.7290 | −0.049% | $899K | $1.9M | 10x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
01 Exchange LITUSD
Bybit LITUSDT
KuCoin LITUSDTM
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps LITUSD | −0.0204% | 1h | 4.7285 | −0.059% | $10K | $202K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.863% | $660K | $404K | 50x | as long as short |
| Backpack LIT_USDC_PERPlong | −0.0124% | 1h | 4.7313 | long leg | $665K | $1.5M | 5x | |
| RISEx LIT/USDC | −0.0082% | 1h | 4.7325 | +0.026% | $788K | $2.1M | 5x | as long as short |
| Nado LIT-PERP | −0.0070% | 1h | 4.7271 | −0.088% | $2.1M | $1.7M | 10x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7306 | −0.015% | $246K | $327K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0018% | 8h | 4.7278 | −0.073% | $6K | $2K | 5x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7355 | +0.089% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7247 | −0.139% | $35K | — | 150x | as long as short |
| edgeX LITUSDC | +0.0032% | 4h | 4.7254 | −0.124% | $287K | $309K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.537% | $422 | $178K | 5.5x | as long as short |
| MEXC LIT_USDT | +0.0040% | 4h | 4.7145 | −0.355% | $5.6M | $4.2M | 100x | as long as short |
| Binance LITUSDT | +0.0044% | 4h | 4.7156 | −0.332% | $74.8M | $81.6M | 75x | as long as short |
| Aevo LIT-PERP | +0.0056% | 1h | 4.7207 | −0.223% | $148K | $44K | 3x | as long as short |
| ApeX Omni LITUSDT | +0.0091% | 1h | 4.7310 | −0.006% | $55K | $78K | 50x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7244 | −0.146% | $59.3M | $29.2M | 5x | as long as short |
| Hyperliquid LITshort | +0.0100% | 1h | 4.7308 | −0.011% | $210.9M | $44.7M | 5x | |
| Aster LITUSDT | +0.0100% | 4h | 4.7276 | −0.078% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7319 | +0.013% | $582K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7277 | −0.076% | $116K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7185 | −0.271% | $118K | $5K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7250 | −0.133% | $6.7M | $2.7M | 20x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7244 | −0.146% | $446K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7230 | −0.175% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7207 | −0.224% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7185 | −0.271% | $1K | $479K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7236 | −0.163% | $190K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7159 | −0.326% | $5.2M | $5.2M | 25x | as long as short |
| BloFin LIT-USDT | +0.0164% | 4h | 4.7285 | −0.059% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.7276 | −0.078% | $31K | $838K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0357% / S −0.0155% | 1h | 4.7245 | −0.143% | $59K | — | 50x | as long as short |
| Lighter RH LIT | +0.0536% | 1h | 4.7249 | −0.135% | $3.7M | $13.5M | 5x | as long as short |
Aftermath Perps LITUSD
Coinbase International LIT-PERP-INTX
RISEx LIT/USDC
Nado LIT-PERP
Phoenix LIT
Paradex LIT-USD-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
edgeX LITUSDC
Injective LIT/USDC PERP
MEXC LIT_USDT
Binance LITUSDT
Aevo LIT-PERP
ApeX Omni LITUSDT
Lighter LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]
Lighter RH LIT