Funding you earn now, next payment 00:00 UTC+0.0559%/8h= +61.2% APRnext payment +$0.70 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter against Hyperliquid−0.103%7-day average −0.160% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1621.616% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.103%, 7d avg −0.160%
=Together, before fees−0.161%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 0.057% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.160%. Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid 0G | 0.2319 | 0.0665 | pay 0.0083% / 1h | 58m 55s | $2.5M | $503K | 3x |
| Short | Lighter 0G | 0.2317 | 0.1224 | get 0.0153% / 1h | 58m 55s | $44K | $100K | 3x |
Hyperliquid 0G
Lighter 0GFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $117.42
- Price spread: −0.103% → −0.160%
- $5.67
- Slippage, 4 orders
- −$152.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.46
- Costs to cover
- 1.616%
- Break-even
- 9.3 days
Slippage from Hyperliquid: live order book, 2 min ago; Lighter: live order book, just now.
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, 2 min ago | 1.08 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, just now | 12.94 bp | 57.3 bp −$57 | 138.8 bp −$1,388 | doesn't fit | doesn't fit |
0G on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 0G-USDT | −0.0640% | 4h | 0.2313 | −0.276% | — | $6.6M | — | as long as short |
| GMX 0G/USD [WBTC.b-USDC] | L −0.0235% / S +0.0198% | 1h | 0.2313 | −0.284% | $2K | — | 100x | as long as short |
| Aster 0GUSDT | +0.0100% | 4h | 0.2315 | −0.200% | $23K | $19K | 5x | as long as short |
| Binance 0GUSDT | +0.0100% | 4h | 0.2313 | −0.276% | $6.8M | $8.9M | 50x | as long as short |
| Bybit 0GUSDT | +0.0100% | 4h | 0.2312 | −0.319% | $2.3M | $2.3M | 50x | as long as short |
| OKX 0G-USDT-SWAP | +0.0100% | 4h | 0.2312 | −0.319% | $880K | $2.3M | 20x | as long as short |
| Gate 0G_USDT | +0.0100% | 8h | 0.2312 | −0.319% | $596K | $162K | 50x | as long as short |
| MEXC 0G_USDT | +0.0100% | 4h | 0.2313 | −0.276% | $2.0M | $201K | 50x | as long as short |
| Bitget 0GUSDT | +0.0100% | 4h | 0.2314 | −0.233% | $1.8M | $659K | 50x | as long as short |
| Variational Omni 0G | +0.0100% | 4h | 0.2305 | −0.634% | $12K | $10K | — | as long as short |
BingX 0G-USDT
GMX 0G/USD [WBTC.b-USDC]
Aster 0GUSDT
Binance 0GUSDT
Bybit 0GUSDT
OKX 0G-USDT-SWAP
Gate 0G_USDT
MEXC 0G_USDT
Bitget 0GUSDT
Variational Omni 0GShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni 0GUSDT | +0.0100% | 1h | 0.2306 | −0.556% | $18K | $632K | 50x | as long as short |
| BloFin 0G-USDT | +0.0121% | 4h | 0.2312 | −0.319% | $324K | $9K | 50x | as long as short |
| KuCoin 0GUSDTM | +0.0224% | 4h | 0.2315 | −0.172% | $2.4M | $2.6M | 50x | as long as short |
| Hyperliquid 0Glong | +0.0665% | 1h | 0.2319 | long leg | $2.5M | $503K | 3x | |
| Backpack 0G_USDC_PERP | +0.1140% | 1h | 0.2316 | −0.147% | $37K | $47K | 5x | as long as short |
| Lighter 0Gshort | +0.1224% | 1h | 0.2317 | −0.103% | $44K | $100K | 3x |
ApeX Omni 0GUSDT
BloFin 0G-USDT
KuCoin 0GUSDTM
Backpack 0G_USDC_PERP