Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.042%

Price spread now: Derive against Hyperliquid−0.017%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.6807	0.0100	pay 0.0013% / 1h	41m 44s	$209.1M	$41.2M	5x
Short	Derive LIT-PERP	4.6799	0.0100	get 0.0013% / 1h	41m 44s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.74
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Derive: no order-book sample. 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, 12 min ago	0.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
Orderly PERP_LIT_USDC	−0.0394%	4h	4.6721	−0.184%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0325%	1h	4.6771	−0.076%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0295%	1h	4.6781	−0.056%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.6747	−0.128%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0100%	4h	4.6780	−0.058%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6728	−0.169%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6865	+0.125%	$658K	$372K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0016%	4h	4.6690	−0.250%	$905K	$1.7M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0015%	4h	4.6794	−0.028%	$25.2M	$61.5M	50x	as long as short
KuCoin LITUSDTM	−0.0012%	4h	4.6793	−0.030%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6798	−0.019%	$11K	—	150x	as long as short
Phemex LITUSDT	+0.0012%	4h	4.6760	−0.100%	$1.4M	$2.8M	20x	as long as short
dYdX LIT-USD	+0.0014%	1h	4.6721	−0.183%	$34K	—	5x	as long as short
ApeX Omni LITUSDT	+0.0022%	1h	4.6800	−0.015%	$56K	$77K	50x	as long as short
Backpack LIT_USDC_PERP	+0.0028%	1h	4.6809	+0.004%	$682K	$1.4M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.634%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6745	−0.131%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	−0.003%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6770	−0.079%	$58.4M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6777	−0.063%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6757	−0.108%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.6807	long leg	$209.1M	$41.2M	5x
Pacifica LIT	+0.0100%	1h	4.6722	−0.182%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6703	−0.222%	$74.2M	$78.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6710	−0.207%	$41.4M	$28.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6762	−0.096%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6763	−0.094%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6770	−0.079%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6781	−0.056%	$285K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6782	−0.053%	$442K	$104K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.6799	−0.017%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6781	−0.056%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6810	+0.006%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6860	+0.113%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6750	−0.121%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6774	−0.072%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.6789	−0.038%	$3.6M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0181%	4h	4.6812	+0.011%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.6810	+0.006%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6811	+0.009%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6796	−0.023%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6806	−0.002%	$31K	$828K	33x	as long as short