Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Hyperliquid against Lighter+0.003%7-day average −0.010% · 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−0.088%−$9 · spread now +0.003%, 7d avg −0.010%
=Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7159 | 0.0096 | pay 0.0012% / 1h | 15m 11s | $1.1M | $898K | 5x |
| Short | Hyperliquid ETHFI | 0.7160 | 0.0100 | get 0.0013% / 1h | 15m 11s | $18.1M | $8.9M | 5x |
Funding 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
- $0.84
- Price spread: +0.003% → −0.010%
- $1.25
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$6.91
- Costs to cover
- 0.090%
- Break-even
- 64.6 days
Slippage unknown: Lighter: live order book, 6 min ago; Hyperliquid: live order book, 8 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 Lighter live order book, 6 min ago | 7.74 bp | 37.6 bp −$38 | 112.4 bp −$1,124 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.77 bp | doesn't fit | doesn't fit | 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 | −0.0449% | 1h | 0.7152 | −0.105% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7165 | +0.082% | $282K | $147K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0221% | 4h | 0.7137 | −0.314% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0186% | 4h | 0.7148 | −0.161% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0023% | 8h | 0.7146 | −0.190% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0024% | 1h | 0.7146 | −0.188% | $93K | $493K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0026% | 4h | 0.7148 | −0.161% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0028% | 4h | 0.7152 | −0.109% | $24.8M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.124% | $321 | $51K | 5.5x | as long as short |
| Bitget ETHFIUSDT | +0.0088% | 4h | 0.7151 | −0.119% | $6.1M | $5.7M | 75x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7145 | −0.203% | $9K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7159 | long leg | $1.1M | $898K | 5x | |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7160 | +0.003% | $18.1M | $8.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7149 | −0.145% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7155 | −0.063% | $18.1M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7156 | −0.049% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7154 | −0.077% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7153 | −0.091% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7152 | −0.105% | — | $26.1M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7158 | −0.019% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7149 | −0.149% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7151 | −0.119% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0112% | 4h | 0.7147 | −0.175% | $1.2M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7177 | +0.244% | $31K | $7K | 50x | as long as short |
Lighter ETHFI
Hyperliquid ETHFI
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Bitget ETHFIUSDT
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX