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: Hyperliquid against Lighter+0.104%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1541.535% 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 +0.104%, 7d avg +0.160%
=Together, before fees+0.161%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Hyperliquid is 0.057% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.160%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.
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 | Lighter 0G | 0.2317 | 0.1224 | pay 0.0153% / 1h | 59m 05s | $44K | $100K | 3x |
| Short | Hyperliquid 0G | 0.2319 | 0.0665 | get 0.0083% / 1h | 59m 05s | $2.5M | $503K | 3x |
Lighter 0G
Hyperliquid 0GFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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: +0.104% → +0.160%
- −$5.66
- Slippage, 4 orders
- −$144.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$276.59
- Costs to cover
- 1.535%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 74 min ago; Hyperliquid: live order book, 2 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 Lighter live order book, 74 min ago | 10.78 bp | 42.9 bp −$43 | 107.1 bp −$1,071 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.08 bp | 27.1 bp −$27 | doesn't fit | 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 | 0.2317 | 0.000% | — | $6.6M | — | as long as short |
| GMX 0G/USD [WBTC.b-USDC] | L −0.0235% / S +0.0198% | 1h | 0.2313 | −0.181% | $2K | — | 100x | as long as short |
| Aster 0GUSDT | +0.0100% | 4h | 0.2315 | −0.086% | $23K | $19K | 5x | as long as short |
| Binance 0GUSDT | +0.0100% | 4h | 0.2313 | −0.173% | $6.8M | $8.9M | 50x | as long as short |
| Bybit 0GUSDT | +0.0100% | 4h | 0.2312 | −0.216% | $2.3M | $2.3M | 50x | as long as short |
| OKX 0G-USDT-SWAP | +0.0100% | 4h | 0.2315 | −0.086% | $880K | $2.3M | 20x | as long as short |
| Gate 0G_USDT | +0.0100% | 8h | 0.2312 | −0.216% | $596K | $162K | 50x | as long as short |
| MEXC 0G_USDT | +0.0100% | 4h | 0.2315 | −0.086% | $2.0M | $201K | 50x | as long as short |
| Bitget 0GUSDT | +0.0100% | 4h | 0.2315 | −0.086% | $1.8M | $659K | 50x | as long as short |
| Variational Omni 0G | +0.0100% | 4h | 0.2305 | −0.531% | $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 | −0.453% | $18K | $632K | 50x | as long as short |
| BloFin 0G-USDT | +0.0121% | 4h | 0.2312 | −0.216% | $324K | $9K | 50x | as long as short |
| KuCoin 0GUSDTM | +0.0224% | 4h | 0.2316 | −0.065% | $2.4M | $2.6M | 50x | as long as short |
| Hyperliquid 0Gshort | +0.0665% | 1h | 0.2319 | +0.104% | $2.5M | $503K | 3x | |
| Backpack 0G_USDC_PERP | +0.1140% | 1h | 0.2316 | −0.043% | $37K | $47K | 5x | as long as short |
| Lighter 0Glong | +0.1224% | 1h | 0.2317 | long leg | $44K | $100K | 3x |
ApeX Omni 0GUSDT
BloFin 0G-USDT
KuCoin 0GUSDTM
Backpack 0G_USDC_PERP