Funding you earn now, next payment 00:00 UTC−0.0225%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −0.069%
Price spread now: Lighter against Hyperliquid−0.220%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.220%, 7d avg −0.136%
=Together, before fees−0.221%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Lighter is 0.083% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.136%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CRV | 0.3689 | 0.0321 | pay 0.0040% / 1h | 33m 23s | $22.9M | $16.5M | 10x |
| Short | Lighter CRV | 0.3681 | 0.0096 | get 0.0012% / 1h | 33m 23s | $417K | $731K | 10x |
Hyperliquid CRV
Lighter CRVFunding 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
- −$47.29
- Price spread: −0.220% → −0.136%
- −$8.34
- Slippage, 4 orders
- −$24.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$89.32
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 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, 10 min ago | 1.35 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 41 min ago | 3.14 bp | 6.8 bp −$7 | 40.2 bp −$402 | doesn't fit | doesn't fit |
CRV on 30 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 CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.515% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0108% | 1h | 0.3680 | −0.241% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3682 | −0.188% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0022% | 1h | 0.3681 | −0.217% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3680 | −0.242% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3681 | −0.217% | $25K | $929 | 10x | as long as short |
| Lighter CRVshort | +0.0096% | 1h | 0.3681 | −0.220% | $417K | $731K | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3683 | −0.166% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3680 | −0.257% | $374K | $205K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3682 | −0.194% | $25.9M | $56.4M | 75x | as long as short |
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3681 | −0.217% | $28.1M | $17.2M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3679 | −0.271% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3683 | −0.163% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3680 | −0.244% | $14.5M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3686 | −0.081% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3684 | −0.136% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3683 | −0.163% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3683 | −0.161% | $1.1M | $110K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3689 | +0.002% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3693 | +0.120% | $522K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3683 | −0.163% | $61K | $696K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3696 | +0.190% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3678 | −0.302% | $245K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3680 | −0.244% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3684 | −0.143% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3680 | −0.244% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRVlong | +0.0321% | 1h | 0.3689 | long leg | $22.9M | $16.5M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3686 | −0.081% | $390K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0455% / S −0.0196% | 1h | 0.3683 | −0.152% | $239K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0660% | 1h | 0.3681 | −0.206% | $107K | $305K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP