Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.077%

Price spread now: KuCoin against Hyperliquid−0.153%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.153%, 7d avg −0.087%

Together, before fees−0.300%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.087%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LIT	4.7814	0.0100	pay 0.0013% / 1h	52m 34s	$213.6M	$40.6M	5x
Short	KuCoin LITUSDTM	4.7741	−0.0014	pay 0.0007% / 4h	2h 52m	$5.3M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$23.94
Price spread: −0.153% → −0.087%: −$6.58
Slippage, 4 orders: −$46.44
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.96
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; KuCoin: live order book, 10 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 Hyperliquid live order book, 11 min ago	0.11 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.98 bp	25.9 bp −$26	145.7 bp −$1,457	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.6877	−1.961%	$607K	$354K	50x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7760	−0.113%	$31K	$5K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0391%	4h	4.7592	−0.464%	$33K	$1K	10x	as long as short
Phemex LITUSDT	−0.0365%	4h	4.7670	−0.301%	$1.4M	$2.8M	20x	as long as short
Bullet LIT-USD	−0.0230%	1h	4.7634	−0.376%	$85K	$67K	20x	as long as short
Bybit LITUSDT	−0.0182%	4h	4.7707	−0.224%	$41.6M	$28.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0127%	4h	4.7699	−0.241%	$25.7M	$61.0M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7422	−0.820%	$204K	$283K	5x	as long as short
KuCoin LITUSDTMshort	−0.0014%	4h	4.7741	−0.153%	$5.3M	$1.0M	30x
RISEx LIT/USDC	−0.0012%	1h	4.7767	−0.097%	$824K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7781	−0.068%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7555	−0.541%	$31K	$704K	33x	as long as short
Deribit LIT_USDC-PERPETUAL	0.0000%	1h	4.7657	−0.328%	$42K	$40K	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7675	−0.291%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.473%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0040%	4h	4.7450	−0.761%	$914K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7719	−0.198%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7792	−0.046%	$59.6M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7688	−0.262%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LITlong	+0.0100%	1h	4.7814	long leg	$213.6M	$40.6M	5x
Pacifica LIT	+0.0100%	1h	4.7758	−0.117%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7717	−0.202%	$76.6M	$77.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7755	−0.123%	$116K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7722	−0.192%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7760	−0.113%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7739	−0.157%	$5.9M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7780	−0.071%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7735	−0.165%	$669K	$1.2M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7416	−0.832%	$290K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7440	−0.782%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7616	−0.414%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7678	−0.284%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7526	−0.602%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7658	−0.326%	$1K	$349K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7750	−0.134%	$202K	$348K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7812	−0.004%	$3.8M	$12.9M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7735	−0.165%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7641	−0.362%	$149K	—	3x	as long as short
Aster LITUSDT	+0.0231%	4h	4.7801	−0.026%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7690	−0.259%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0440% / S −0.0231%	1h	4.7681	−0.277%	$66K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0488%	1h	4.7435	−0.792%	$9K	$203K	10x	as long as short