Funding you earn now, next payment 06:00 UTC+0.1235%/8h= +135.2% APRnext payment +$1.54 per $10,000 · paid last 24h +0.158%
Price spread now: Lighter against Hyperliquid+0.271%7-day average −0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.271%, 7d avg −0.019%
=Together, before fees+0.098%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.289% dearer against Hyperliquid than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.367% in total (about 19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRASS | 0.4429 | 0.0461 | pay 0.0058% / 1h | 0m 52s | $16.8M | $4.4M | 3x |
| Short | Lighter GRASS | 0.4441 | 0.1696 | get 0.0212% / 1h | 0m 52s | $857K | $983K | 5x |
Hyperliquid GRASS
Lighter GRASSFunding 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
- $259.33
- Price spread: +0.271% → −0.019%
- $28.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $279.28
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 12 min ago; Lighter: live order book, 44 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, 12 min ago | 3.39 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 44 min ago | 29.22 bp | 31.1 bp −$31 | 139.4 bp −$1,394 | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0108% | 1h | 0.4420 | −0.195% | $664 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | −3.658% | $7 | $23K | 5.5x | as long as short |
| BloFin GRASS-USDT | +0.0078% | 4h | 0.4427 | −0.045% | $555K | $377K | 20x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4427 | −0.043% | $10.4M | $34.9M | 75x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4420 | −0.203% | $25.1M | $19.3M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4427 | −0.045% | $3.4M | $20.2M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4419 | −0.226% | $1.3M | $1.8M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4425 | −0.090% | $1.6M | $2.8M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4423 | −0.135% | $1.4M | $1.9M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4419 | −0.228% | $5.2M | $3.6M | 75x | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
BloFin GRASS-USDT
Binance GRASSUSDT
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GRASS-USDT | +0.0100% | 4h | 0.4418 | −0.248% | — | $7.4M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4419 | −0.233% | $2.2M | $1.4M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4422 | −0.147% | $218K | $773K | 10x | as long as short |
| Aster GRASSUSDT | +0.0442% | 4h | 0.4421 | −0.177% | $64K | $299K | 10x | as long as short |
| Hyperliquid GRASSlong | +0.0461% | 1h | 0.4429 | long leg | $16.8M | $4.4M | 3x | |
| Kraken Futures PF_GRASSUSD | +0.1450% | 1h | 0.4423 | −0.130% | $159K | $152K | 20x | as long as short |
| Lighter GRASSshort | +0.1696% | 1h | 0.4441 | +0.271% | $857K | $983K | 5x |
BingX GRASS-USDT
Variational Omni GRASS
Extended GRASS-USD
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD