Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid+0.007%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days−0.234%−$23 · spread now +0.007%, 7d avg +0.005%
=Together, before fees−0.216%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETHFI | 0.7018 | 0.0100 | pay 0.0013% / 1h | 0m 44s | $17.0M | $8.5M | 5x |
| Short | Lighter ETHFI | 0.7019 | 0.0096 | get 0.0012% / 1h | 0m 44s | $1.1M | $831K | 5x |
Funding 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: +0.007% → +0.005%
- $0.19
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.65
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Lighter: live order book, 5 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 Hyperliquid live order book, 2 min ago | 0.07 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 9.43 bp | 31.3 bp −$31 | 106.5 bp −$1,065 | doesn't fit | doesn't fit |
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0461% | 1h | 0.7025 | +0.095% | $41K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0406% | 1h | 0.7044 | +0.371% | $290K | $288K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0339% | 4h | 0.7017 | −0.019% | $81K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0268% | 4h | 0.7021 | +0.038% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0159% | 4h | 0.7023 | +0.070% | $931K | $782K | — | as long as short |
| Bybit ETHFIUSDT | −0.0097% | 4h | 0.7019 | +0.010% | $17.5M | $13.0M | 25x | as long as short |
| Binance ETHFIUSDT | −0.0034% | 4h | 0.7015 | −0.047% | $24.4M | $35.8M | 75x | as long as short |
| Extended ETHFI-USD | −0.0032% | 1h | 0.7013 | −0.076% | $97K | $504K | 10x | as long as short |
| MEXC ETHFI_USDT | −0.0032% | 4h | 0.7013 | −0.076% | $15.7M | $4.2M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0012% | 8h | 0.7014 | −0.060% | $6K | — | 5x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.159% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7020 | +0.024% | $8K | — | 3x | as long as short |
| Lighter ETHFIshort | +0.0096% | 1h | 0.7019 | +0.007% | $1.1M | $831K | 5x | |
| Aster ETHFIUSDT | +0.0097% | 4h | 0.7022 | +0.054% | $179K | $261K | 10x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7018 | long leg | $17.0M | $8.5M | 5x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7019 | +0.010% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7022 | +0.053% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7023 | +0.067% | $1.2M | $228K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7015 | −0.047% | $6.1M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7014 | −0.061% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7024 | +0.084% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7027 | +0.124% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0206% | 4h | 0.7018 | −0.004% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0376% | 1h | 0.7066 | +0.680% | $32K | $6K | 50x | as long as short |
Hyperliquid ETHFI
Lighter ETHFI
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Variational Omni ETHFI
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USD
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX