Funding you earn now, next payment 23:00 UTC−0.0812%/8h= −88.9% APRnext payment −$1.02 per $10,000 · paid last 24h −0.151%
Price spread now: Hyperliquid against Lighter−0.203%7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.548%−$55 on $10k
+Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.203%, 7d avg −0.073%
=Together, before fees−0.304%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Hyperliquid is 0.130% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.548% in total (about -28.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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 AERO | 0.6897 | 0.0912 | pay 0.0114% / 1h | 50m 58s | $1.3M | $464K | 3x |
| Short | Hyperliquid AERO | 0.6884 | 0.0100 | get 0.0013% / 1h | 50m 58s | $23.1M | $5.7M | 3x |
Lighter AERO
Hyperliquid AEROFunding 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
- −$170.52
- Price spread: −0.203% → −0.073%
- −$12.97
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$192.49
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; Hyperliquid: live order book, 12 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 live order book, 5 min ago | 5.13 bp | 30.9 bp −$31 | 121.1 bp −$1,211 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.36 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
AERO on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AERO_USDC-PERPETUAL | −0.0331% | 1h | 0.6879 | −0.268% | $55K | $11K | 10x | as long as short |
| Hyperliquid AEROshort | +0.0100% | 1h | 0.6884 | −0.203% | $23.1M | $5.7M | 3x | |
| Aster AEROUSDT | +0.0100% | 4h | 0.6885 | −0.174% | $39K | $109K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6884 | −0.198% | $25.5M | $25.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6885 | −0.181% | $21.9M | $20.6M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6887 | −0.152% | $2.3M | $6.8M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6875 | −0.326% | $1.6M | $522K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6878 | −0.283% | $8.1M | $1.6M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6881 | −0.239% | $2.1M | $873K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6878 | −0.283% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6885 | −0.181% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6900 | +0.042% | $1.9M | $1.7M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6878 | −0.287% | $202K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6882 | −0.222% | $46K | — | 3x | as long as short |
| Injective AERO/USDC PERP | +0.0175% | 1h | 0.6902 | +0.065% | $4 | $209K | 5.5x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6881 | −0.246% | $19K | $4K | 15x | as long as short |
| 01 Exchange AEROUSD | +0.0256% | 1h | 0.6888 | −0.132% | $187 | $115 | 3x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6885 | −0.181% | $911K | $693K | 25x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0502% / S −0.0223% | 1h | 0.6882 | −0.219% | $92K | — | 100x | as long as short |
| Backpack AERO_USDC_PERP | +0.0539% | 1h | 0.6886 | −0.162% | $102K | $313K | 15x | as long as short |
| RISEx AERO/USDC | +0.0676% | 1h | 0.6888 | −0.142% | $213K | $379K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.0736% | 1h | 0.6911 | +0.196% | $92K | $32K | 25x | as long as short |
| Lighter AEROlong | +0.0912% | 1h | 0.6897 | long leg | $1.3M | $464K | 3x |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Injective AERO/USDC PERP
Reya AERORUSDPERP
01 Exchange AEROUSD
BloFin AERO-USDT
GMX AERO/USD [ETH-USDC]
Backpack AERO_USDC_PERP
RISEx AERO/USDC
Coinbase International AERO-PERP-INTX