Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid+0.203%7-day average — · you sell dearer than you buy
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 airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.203% dearer against Hyperliquid than usual: you sell high and buy low, +$20 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 | Hyperliquid AXS | 1.0821 | 0.0100 | pay 0.0013% / 1h | 32m 49s | $265K | $298K | 5x |
| Short | Lighter AXS | 1.0843 | 0.0096 | get 0.0012% / 1h | 32m 49s | $29K | $36K | 5x |
Hyperliquid AXS
Lighter AXSFunding 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
- −$0.84
- Price spread: +0.203% → 0.000%
- $20.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.49
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 27 min ago; Lighter: no order-book sample. 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 Hyperliquid live order book, 27 min ago | 2.78 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
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.
AXS on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0238% | 1h | 1.0825 | +0.037% | $141K | $312K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.933% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0830 | +0.083% | $3K | — | 10x | as long as short |
| Lighter AXSshort | +0.0096% | 1h | 1.0843 | +0.203% | $29K | $36K | 5x | |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0821 | long leg | $265K | $298K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0820 | −0.012% | $75K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0818 | −0.031% | $6.1M | $9.6M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0828 | +0.065% | $3.7M | $4.0M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0818 | −0.028% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0819 | −0.018% | $974K | $1.0M | 50x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0816 | −0.046% | $11.5M | $745K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0810 | −0.102% | $613K | $306K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0820 | −0.009% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0818 | −0.028% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0816 | −0.044% | $37K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0800 | −0.193% | $772K | $892K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0813 | −0.074% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0820 | −0.009% | $715 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0818 | −0.031% | $7K | $156K | 10x | as long as short |
| BloFin AXS-USDT | +0.0118% | 4h | 1.0816 | −0.046% | $276K | $17K | 75x | as long as short |
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT