Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.047%

Price spread now: Hyperliquid against SunX+0.063%52s7-day average +0.143% · you sell dearer than you buy

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

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now +0.063%, 7d avg +0.143%

Together, before fees+0.240%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.080% cheaper against SunX than usual: you would sell low and buy high (spread +0.063% now, against its 7-day average of +0.143%). If the spread goes back, that is −$8 on $10k: about 39 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.170% in total) that is about 3.3 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7919	0.0100	pay 0.0050% / 4h	55m 33s	$4K	$1.2M	20x
Short	Hyperliquid LIT	4.7949	0.0263	get 0.0033% / 1h	55m 33s	$214.9M	$44.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee HyperliquidbpOrdersPrice spread, now +0.063%Rate

Funding earned: $34.2
Price spread: +0.063% → +0.143%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.19
Costs to cover: 0.170%
Break-even: 5.1 days

Slippage unknown: SunX: live order book, 8 min ago; Hyperliquid: live order book, 8 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 SunX live order book, 8 min ago	500.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.52 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
Gate LIT_USDT	−0.1036%	4h	4.7900	−0.040%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0707%	1h	4.7903	−0.034%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0621%	4h	4.7855	−0.134%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0478%	4h	4.7910	−0.019%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0453%	4h	4.7843	−0.159%	$26.0M	$64.3M	50x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7831	−0.184%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0327%	1h	4.7860	−0.123%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0238%	4h	4.7889	−0.063%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0196%	4h	4.7880	−0.081%	$43.2M	$30.1M	75x	as long as short
Aftermath Perps LITUSD	−0.0122%	1h	4.7737	−0.380%	$13K	$203K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7929	+0.022%	$678K	$405K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0118%	4h	4.7820	−0.207%	$917K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7829	−0.188%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7872	−0.097%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7897	−0.046%	$32K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7952	+0.068%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0008%	8h	4.7854	−0.135%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7901	−0.038%	$824K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.253%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0062%	4h	4.7767	−0.316%	$291K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0062%	4h	4.7849	−0.146%	$5.7M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0067%	4h	4.7848	−0.148%	$76.1M	$81.3M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7890	−0.059%	$150K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7954	+0.073%	$60.4M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7847	−0.149%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7954	+0.073%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7910	−0.019%	$621K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7887	−0.067%	$119K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.737%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7900	−0.040%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7957	+0.079%	$674K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7830	−0.186%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7869	−0.104%	$452K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7950	+0.065%	$2K	$650	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7919	long leg	$4K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7920	+0.002%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7814	−0.219%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7857	−0.130%	$5.3M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7971	+0.109%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0248%	4h	4.7802	−0.244%	$1.6M	$2.1M	75x	as long as short
Hyperliquid LITshort	+0.0263%	1h	4.7949	+0.063%	$214.9M	$44.8M	5x
GMX LIT/USD [ETH-USDC]	L +0.0379% / S −0.0169%	1h	4.7954	+0.072%	$63K	—	50x	as long as short