Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.041%

Price spread now: Bitget against Hyperliquid−0.067%7-day average −0.081% · you buy dearer than you sell

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

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 7 days−0.085%−$8 · spread now −0.067%, 7d avg −0.081%

Together, before fees−0.312%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.081%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7712	0.0224	pay 0.0028% / 1h	40m 59s	$214.0M	$45.0M	5x
Short	Bitget LITUSDT	4.7680	0.0100	get 0.0050% / 4h	3h 40m	$6.8M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$26.08
Price spread: −0.067% → −0.081%: $1.42
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.66
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 13 min ago; Bitget: live order book, 2 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 Hyperliquid live order book, 13 min ago	0.85 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.10 bp	25.4 bp −$25	110.3 bp −$1,103	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	−0.0669%	1h	4.7633	−0.165%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0509%	4h	4.7577	−0.283%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0412%	4h	4.7630	−0.172%	$2.8M	$4.4M	50x	as long as short
01 Exchange LITUSD	−0.0392%	1h	4.7647	−0.136%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0323%	1h	4.7645	−0.141%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0244%	4h	4.7613	−0.207%	$25.9M	$64.3M	50x	as long as short
KuCoin LITUSDTM	−0.0142%	4h	4.7627	−0.178%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7653	−0.124%	$674K	$404K	50x	as long as short
Phemex LITUSDT	−0.0046%	4h	4.7610	−0.214%	$1.4M	$2.7M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.7328	−0.805%	$205K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	−0.0028%	1h	4.7370	−0.717%	$56K	$77K	50x	as long as short
Perpl LIT	0.0000%	43m	4.7694	−0.037%	$32K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7680	−0.066%	$35K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0003%	1h	4.7644	−0.142%	$686K	$1.4M	5x	as long as short
dYdX LIT-USD	+0.0007%	1h	4.7591	−0.252%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0019%	1h	4.7635	−0.161%	$2.2M	$1.7M	10x	as long as short
GRVT LIT_USDT_Perp	+0.0030%	4h	4.7520	−0.402%	$913K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.688%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0042%	8h	4.7613	−0.208%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7682	−0.063%	$59.6M	$29.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7700	−0.025%	$12.8M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7597	−0.241%	$591K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7592	−0.250%	$75.9M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7600	−0.235%	$42.9M	$30.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7663	−0.102%	$118K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−1.197%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7605	−0.224%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7680	−0.067%	$6.8M	$2.8M	20x
edgeX LITUSDC	+0.0100%	4h	4.7434	−0.583%	$289K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7665	−0.098%	$451K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7672	−0.083%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7621	−0.190%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7641	−0.149%	$996	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7686	−0.054%	$190K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7615	−0.203%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7624	−0.184%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7698	−0.029%	$813K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7694	−0.037%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LITlong	+0.0224%	1h	4.7712	long leg	$214.0M	$45.0M	5x
Aftermath Perps LITUSD	+0.0331%	1h	4.7455	−0.538%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7622	−0.188%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0386% / S −0.0176%	1h	4.7675	−0.077%	$63K	—	50x	as long as short