Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.051%

Price spread now: Hyperliquid against BloFin−0.041%7-day average +0.173% · you buy dearer than you sell

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

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.041%, 7d avg +0.173%

Together, before fees+0.125%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.214% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.173%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LIT-USDT	4.8272	0.0340	pay 0.0170% / 4h	3h 57m	$1.6M	$2.3M	75x
Short	Hyperliquid LIT	4.8252	0.0220	get 0.0027% / 1h	57m 11s	$218.0M	$38.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$25.29
Price spread: −0.041% → +0.173%: −$21.44
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$67.73
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 11 min ago; 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 BloFin live order book, 11 min ago	0.10 bp	13.2 bp −$13	27.8 bp −$278	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.10 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	−0.0381%	1h	4.8286	+0.028%	$42K	$39K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0361%	4h	4.8215	−0.118%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7968	−0.631%	$608K	$349K	50x	as long as short
Bullet LIT-USD	−0.0176%	1h	4.8287	+0.031%	$87K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0155%	4h	4.8232	−0.083%	$26.1M	$59.8M	50x	as long as short
01 Exchange LITUSD	−0.0152%	1h	4.8293	+0.044%	$32K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0028%	4h	4.8071	−0.417%	$890K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8273	+0.002%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8318	+0.096%	$36K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0016%	1h	4.8010	−0.543%	$57K	$76K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LIT-PERP	+0.0021%	1h	4.8275	+0.006%	$2.1M	$1.6M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.481%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.8338	+0.137%	$207K	$288K	5x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.8267	−0.010%	$7K	$2K	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8299	+0.056%	$717K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8159	−0.235%	$77.2M	$73.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8285	+0.027%	$42.0M	$27.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8287	+0.031%	$128K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8183	−0.185%	$120K	−$0	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8290	+0.037%	$2.8M	$4.0M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8257	−0.031%	$6.1M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8297	+0.052%	$5.5M	$935K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8230	−0.087%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8272	0.000%	$688K	$987K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8041	−0.479%	$294K	$301K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8300	+0.058%	$450K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8084	−0.390%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8234	−0.079%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8280	+0.017%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8334	+0.128%	$194K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8300	+0.058%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8258	−0.030%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8256	−0.034%	$151K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8330	+0.120%	$805K	$2.3M	5x	as long as short
Lighter LIT	+0.0144%	1h	4.8341	+0.143%	$60.2M	$25.9M	5x	as long as short
Hyperliquid LITshort	+0.0220%	1h	4.8252	−0.041%	$218.0M	$38.7M	5x
Lighter RH LIT	+0.0304%	1h	4.8370	+0.203%	$3.7M	$12.1M	5x	as long as short
Aster LITUSDT	+0.0307%	4h	4.8353	+0.168%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDTlong	+0.0340%	4h	4.8272	long leg	$1.6M	$2.3M	75x
GMX LIT/USD [ETH-USDC]	L +0.0427% / S −0.0217%	1h	4.8311	+0.081%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8321	+0.102%	$32K	$642K	33x	as long as short
Aftermath Perps LITUSD	+0.0498%	1h	4.8140	−0.274%	$9K	$203K	10x	as long as short