Funding you earn now, next payment 08:00 UTC+0.0572%/8h= +62.6% APRnext payment +$0.71 per $10,000 · paid last 24h +0.176%
Price spread now: Lighter against Hyperliquid+0.285%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1191.192% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.285%, 7d avg +0.084%
=Together, before fees+0.120%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$12 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 0.201% dearer against Hyperliquid than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.084%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.343% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 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 CC | 0.1194 | 0.0100 | pay 0.0013% / 1h | 43m 38s | $5.5M | $1.3M | 3x |
| Short | Lighter CC | 0.1197 | 0.0672 | get 0.0084% / 1h | 43m 38s | $255K | $168K | 5x |
Hyperliquid CC
Lighter CCFunding 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
- $120.12
- Price spread: +0.285% → +0.084%
- $20.11
- Slippage, 4 orders
- −$110.21
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $21.02
- Costs to cover
- 1.192%
- Break-even
- 5.8 days
Slippage from Hyperliquid: live order book, 8 min ago; Lighter: live order book, 41 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 Hyperliquid live order book, 8 min ago | 1.68 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 41 min ago | 20.62 bp | 26.6 bp −$27 | 285.2 bp −$2,852 | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC CC_USDT | +0.0026% | 4h | 0.1191 | −0.226% | $1.8M | $355K | 100x | as long as short |
| Injective CC/USDC PERP | +0.0033% | 1h | 0.1180 | −1.181% | $402 | $3K | 5.5x | as long as short |
| Bybit CCUSDT | +0.0035% | 4h | 0.1193 | −0.092% | $11.0M | $3.8M | 25x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1192 | −0.196% | $1K | — | 5x | as long as short |
| Hyperliquid CClong | +0.0100% | 1h | 0.1194 | long leg | $5.5M | $1.3M | 3x | |
| Aster CCUSDT | +0.0100% | 4h | 0.1193 | −0.096% | $35K | $27K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1192 | −0.184% | $11.2M | $11.9M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1193 | −0.109% | $2.6M | $3.1M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1191 | −0.234% | $365K | $183K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1193 | −0.109% | $492K | $100K | 50x | as long as short |
MEXC CC_USDT
Injective CC/USDC PERP
Bybit CCUSDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1193 | −0.109% | $922K | $751K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1192 | −0.193% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1191 | −0.226% | $16K | $23K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1192 | −0.170% | $607K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1193 | −0.104% | $80K | $3.0M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1191 | −0.296% | $6K | $33K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1191 | −0.301% | $602K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0453% / S −0.0241% | 1h | 0.1193 | −0.115% | $44K | — | 50x | as long as short |
| Lighter CCshort | +0.0672% | 1h | 0.1197 | +0.285% | $255K | $168K | 5x |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]