Funding you earn now, next payment 23:00 UTC−0.1308%/8h= −143.2% APRnext payment −$1.63 per $10,000 · paid last 24h −0.120%
Price spread now: Hyperliquid against Lighter−0.233%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.233%, 7d avg −0.064%
=Together, before fees−0.071%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Hyperliquid is 0.170% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.064%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.267% in total (about -13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 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 CC | 0.1157 | 0.1408 | pay 0.0176% / 1h | 50m 02s | $233K | $150K | 5x |
| Short | Hyperliquid CC | 0.1154 | 0.0100 | get 0.0013% / 1h | 50m 02s | $5.4M | $1.3M | 3x |
Lighter CC
Hyperliquid CCFunding 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
- −$274.68
- Price spread: −0.233% → −0.064%
- −$16.96
- Slippage, 4 orders
- −$60.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$361.62
- Costs to cover
- 0.700%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 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, 24 min ago | 11.60 bp | 32.5 bp −$33 | 406.2 bp −$4,062 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.43 bp | 17.6 bp −$18 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3951% | 1h | 0.1144 | −1.115% | $6K | $97 | 5.5x | as long as short |
| Gate CC_USDT | −0.0022% | 4h | 0.1151 | −0.536% | $357K | $208K | 50x | as long as short |
| MEXC CC_USDT | +0.0080% | 4h | 0.1153 | −0.380% | $1.6M | $301K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0086% | 8h | 0.1152 | −0.421% | $1K | — | 5x | as long as short |
| Bybit CCUSDT | +0.0090% | 4h | 0.1153 | −0.363% | $10.4M | $3.7M | 25x | as long as short |
| Hyperliquid CCshort | +0.0100% | 1h | 0.1154 | −0.233% | $5.4M | $1.3M | 3x | |
| Aster CCUSDT | +0.0100% | 4h | 0.1152 | −0.406% | $34K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1153 | −0.372% | $10.9M | $11.0M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1153 | −0.303% | $2.5M | $3.3M | 20x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1153 | −0.363% | $487K | $114K | 50x | as long as short |
Injective CC/USDC PERP
Gate CC_USDT
MEXC CC_USDT
Paradex CC-USD-PERP
Bybit CCUSDT
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1153 | −0.294% | $925K | $787K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1153 | −0.372% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1152 | −0.389% | $16K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1150 | −0.566% | $572K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1156 | −0.088% | $85K | $2.2M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1151 | −0.531% | $7K | $35K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1150 | −0.579% | $583K | $103K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0439% / S −0.0239% | 1h | 0.1153 | −0.365% | $43K | — | 50x | as long as short |
| Lighter CClong | +0.1408% | 1h | 0.1157 | long leg | $233K | $150K | 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]