Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.041%

Price spread now: Hyperliquid against Binance+0.152%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.152%, 7d avg +0.122%

Together, before fees+0.284%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7336	0.0100	pay 0.0050% / 4h	5m 05s	$75.5M	$82.1M	75x
Short	Hyperliquid LIT	4.7408	0.0196	get 0.0025% / 1h	5m 05s	$212.6M	$45.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.152%Rate

Funding earned: $20.19
Price spread: +0.152% → +0.122%: $2.94
Slippage, 4 orders: −$16.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$12.63
Costs to cover: 0.358%
Break-even: 11.4 days

Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 9 min ago.

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 Binance live order book, 7 min ago	0.21 bp	7.7 bp −$8	28.4 bp −$284	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.85 bp	5.5 bp −$6	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	−0.0824%	1h	4.7326	−0.021%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0818%	4h	4.7360	+0.050%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7168	−0.355%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0540%	4h	4.7255	−0.171%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7310	−0.055%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7350	+0.029%	$25.7M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0301%	4h	4.7310	−0.055%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0156%	4h	4.7343	+0.014%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.575%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7370	+0.072%	$907K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7386	+0.105%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7336	0.000%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7363	+0.058%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7362	+0.054%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7283	−0.111%	$803K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.487%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0034%	8h	4.7245	−0.192%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0041%	4h	4.7323	−0.028%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0082%	1h	4.7357	+0.044%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7386	+0.105%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7276	−0.126%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7397	+0.129%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7300	−0.076%	$588K	$1.7M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.7336	long leg	$75.5M	$82.1M	75x
Arcus LIT-USD	+0.0100%	1h	4.7268	−0.144%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.096%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7298	−0.081%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.008%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	−0.024%	$288K	$310K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7380	+0.093%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7324	−0.026%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7366	+0.063%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7218	−0.250%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	−0.002%	$999	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7287	−0.104%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7306	−0.064%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7349	+0.027%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7401	+0.137%	$3.7M	$14.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7360	+0.051%	$13K	$203K	10x	as long as short
Hyperliquid LITshort	+0.0196%	1h	4.7408	+0.152%	$212.6M	$45.0M	5x
BloFin LIT-USDT	+0.0340%	4h	4.7295	−0.087%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7352	+0.033%	$63K	—	50x	as long as short