Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Hyperliquid against Lighter−0.151%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.151% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 2Z | 0.05248 | 0.0096 | pay 0.0012% / 1h | 22m 05s | $17K | $8K | 3x |
| Short | Hyperliquid 2Z | 0.05240 | 0.0100 | get 0.0013% / 1h | 22m 05s | $668K | $368K | 3x |
Lighter 2Z
Hyperliquid 2ZFunding 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
- $0.84
- Price spread: −0.151% → 0.000%
- −$15.05
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$23.21
- Costs to cover
- 0.090%
- Break-even
- 200.4 days
Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 18 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 18 min ago | 2.03 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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.
2Z on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack 2Z_USDC_PERP | −0.0408% | 1h | 0.05235 | −0.248% | $46K | $29K | 5x | as long as short |
| Injective 2Z/USDC PERP | +0.0033% | 1h | 0.04980 | −5.107% | $867 | $213 | 5.5x | as long as short |
| Lighter 2Zlong | +0.0096% | 1h | 0.05248 | long leg | $17K | $8K | 3x | |
| Hyperliquid 2Zshort | +0.0100% | 1h | 0.05240 | −0.151% | $668K | $368K | 3x | |
| Aster 2ZUSDT | +0.0100% | 4h | 0.05242 | −0.118% | $12K | $57K | 5x | as long as short |
| Pacifica 2Z | +0.0100% | 1h | 0.05241 | −0.126% | $75K | $14K | 3x | as long as short |
| Binance 2ZUSDT | +0.0100% | 4h | 0.05239 | −0.176% | $2.1M | $2.2M | 50x | as long as short |
| Bybit 2ZUSDT | +0.0100% | 4h | 0.05239 | −0.171% | $689K | $954K | 50x | as long as short |
| OKX 2Z-USDT-SWAP | +0.0100% | 4h | 0.05238 | −0.191% | $453K | $709K | 20x | as long as short |
| Gate 2Z_USDT | +0.0100% | 4h | 0.05238 | −0.191% | $91K | $68K | 50x | as long as short |
Backpack 2Z_USDC_PERP
Injective 2Z/USDC PERP
Aster 2ZUSDT
Pacifica 2Z
Binance 2ZUSDT
Bybit 2ZUSDT
OKX 2Z-USDT-SWAP
Gate 2Z_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC 2Z_USDT | +0.0100% | 4h | 0.05245 | −0.057% | $297K | $125K | 50x | as long as short |
| KuCoin 2ZUSDTM | +0.0100% | 4h | 0.05237 | −0.200% | $193K | $51K | 50x | as long as short |
| Bitget 2ZUSDT | +0.0100% | 4h | 0.05237 | −0.210% | $157K | $632K | 50x | as long as short |
| BingX 2Z-USDT | +0.0100% | 4h | 0.05244 | −0.076% | — | $6.5M | — | as long as short |
| Variational Omni 2Z | +0.0100% | 4h | 0.05224 | −0.449% | $33K | $29K | — | as long as short |
| SunX 2Z-USDT | +0.0100% | 4h | 0.05244 | −0.076% | $2K | $1.2M | 20x | as long as short |
| Kraken Futures PF_2ZUSD | +0.2477% | 1h | 0.05244 | −0.071% | $6K | $3K | 10x | as long as short |
MEXC 2Z_USDT
KuCoin 2ZUSDTM
Bitget 2ZUSDT
BingX 2Z-USDT
Variational Omni 2Z
SunX 2Z-USDT
Kraken Futures PF_2ZUSD