Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.057%
Price spread now: Hyperliquid against Lighter−0.082%7-day average +0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.082%, 7d avg +0.169%
=Together, before fees+0.531%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$53 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: Hyperliquid is 0.251% cheaper against Lighter than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.169%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter FIL | 0.9901 | 0.0096 | pay 0.0012% / 1h | 55m 13s | $159K | $342K | 5x |
| Short | Hyperliquid FIL | 0.9893 | 0.0100 | get 0.0013% / 1h | 55m 13s | $8.5M | $9.5M | 5x |
Lighter FIL
Hyperliquid FILFunding 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: −0.082% → +0.169%
- −$25.12
- Slippage, 4 orders
- −$41.2
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$74.48
- Costs to cover
- 0.502%
- Break-even
- 627.7 days
Slippage from Lighter: live order book, 4 min ago; Hyperliquid: live order book, 7 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, 4 min ago | 8.44 bp | 21.4 bp −$21 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.56 bp | 10.6 bp −$11 | doesn't fit | 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 | −0.0296% | 1h | 0.9889 | −0.121% | $372K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0193% | 1h | 0.9912 | +0.110% | $1.4M | $2.4M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0153% | 1h | 0.9911 | +0.101% | $171K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0051% | 8h | 0.9899 | −0.020% | $18.0M | $98.4M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0041% | 8h | 0.9899 | −0.020% | $7.3M | $7.3M | 50x | as long as short |
| Gate FIL_USDT | −0.0034% | 8h | 0.9899 | −0.020% | $8.1M | $15.7M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0005% / S +0.0006% | 1h | 0.9900 | −0.012% | $35K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9892 | −0.094% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0023% | 8h | 0.9906 | +0.055% | $57.0M | $181.3M | 75x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9899 | −0.024% | $692K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Gate FIL_USDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.465% | $2K | $240K | 12x | as long as short |
| MEXC FIL_USDC | +0.0064% | 8h | 0.9901 | 0.000% | $243K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0086% | 8h | 0.9900 | −0.010% | $11.2M | $22.0M | 75x | as long as short |
| BloFin FIL-USDT | +0.0091% | 8h | 0.9898 | −0.030% | $2.7M | $605K | 75x | as long as short |
| Lighter FILlong | +0.0096% | 1h | 0.9901 | long leg | $159K | $342K | 5x | |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9893 | −0.082% | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9891 | −0.099% | $503K | $611K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9903 | +0.020% | $15.5M | $18.7M | 25x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9897 | −0.040% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9867 | −0.344% | $444K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9915 | +0.143% | $46K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9911 | +0.103% | $291K | $836K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9930 | +0.293% | $30K | $194K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9909 | +0.080% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9900 | −0.010% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9902 | +0.010% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9912 | +0.111% | $633K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | −0.010% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0569% / S −0.0592% | 1h | 0.9902 | +0.007% | $200K | — | 100x | as long as short |
Injective FIL/USDC PERP
MEXC FIL_USDC
Bitget FILUSDT
BloFin FIL-USDT
Aster FILUSDT
Bybit 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
GMX FIL/USD [WBTC.b-USDC]