Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.031%
Price spread now: Lighter against Hyperliquid−0.012%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now −0.012%, 7d avg −0.159%
=Together, before fees−0.422%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.147% dearer against Hyperliquid than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.159%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9931 | 0.0100 | pay 0.0013% / 1h | 14m 31s | $8.3M | $9.4M | 5x |
| Short | Lighter FIL | 0.9930 | 0.0096 | get 0.0012% / 1h | 14m 31s | $145K | $359K | 5x |
Hyperliquid FIL
Lighter FILFunding 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: −0.012% → −0.159%
- $14.66
- Slippage, 4 orders
- −$33.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.13
- Costs to cover
- 0.429%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Lighter: live order book, 15 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 | 0.41 bp | 7.1 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 min ago | 6.91 bp | 8.0 bp −$8 | 20.8 bp −$208 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0176% | 1h | 0.9920 | −0.114% | $355K | $2.2M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0153% | 1h | 0.9929 | −0.023% | $171K | $23K | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9923 | −0.085% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9938 | +0.069% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.768% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0087% | 8h | 0.9936 | +0.047% | $7.1M | $7.8M | 50x | as long as short |
| Bybit FILUSDT | +0.0091% | 8h | 0.9926 | −0.053% | $15.5M | $20.4M | 25x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 0.9930 | −0.012% | $145K | $359K | 5x | |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9931 | long leg | $8.3M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9931 | −0.006% | $506K | $557K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
KuCoin FILUSDTM
Bybit FILUSDT
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9930 | −0.017% | $56.0M | $183.8M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9927 | −0.043% | $17.7M | $108.0M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9926 | −0.053% | $8.3M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9927 | −0.043% | $230K | $101K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9928 | −0.033% | $11.0M | $19.4M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9930 | −0.013% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9916 | −0.154% | $442K | $281K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9912 | −0.192% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9900 | −0.313% | $287K | $1.4M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9910 | −0.214% | $27K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9931 | −0.002% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9920 | −0.114% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9923 | −0.084% | $477 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9931 | −0.003% | $619K | $5.5M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9910 | −0.214% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9932 | +0.007% | $697K | $4.2M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0197% | 1h | 0.9926 | −0.054% | $1.4M | $2.1M | 50x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9930 | −0.013% | $2.6M | $672K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0603% / S −0.0280% | 1h | 0.9922 | −0.096% | $265K | — | 100x | as long as short |
Binance FILUSDT
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
Kraken Futures PF_FILUSD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]