Funding you earn now, next payment 04:00 UTC−0.2126%/8h= −232.8% APRnext payment −$2.66 per $10,000 · paid last 24h −0.132%
Price spread now: Hyperliquid against Lighter−0.233%7-day average +0.023% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.233%, 7d avg +0.023%
=Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and Hyperliquid is 0.257% cheaper against Lighter than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.331% in total (about -17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.66 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 | Lighter GRASS | 0.4286 | 0.2256 | pay 0.0282% / 1h | 31m 34s | $916K | $884K | 5x |
| Short | Hyperliquid GRASS | 0.4276 | 0.0130 | get 0.0016% / 1h | 31m 34s | $16.2M | $4.1M | 3x |
Lighter GRASS
Hyperliquid GRASSFunding 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
- −$446.43
- Price spread: −0.233% → +0.023%
- −$25.68
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$481.11
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 24 min ago; Hyperliquid: live order book, 11 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, 24 min ago | 67.43 bp | 67.6 bp −$68 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 2.72 bp | doesn't fit | doesn't fit | 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 | −0.0110% | 1h | 0.4272 | −0.312% | $642 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | −0.436% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4270 | −0.367% | $10.1M | $30.3M | 75x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4265 | −0.476% | $24.0M | $17.2M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4268 | −0.413% | $3.4M | $16.5M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4269 | −0.390% | $1.2M | $1.6M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4268 | −0.413% | $1.5M | $2.5M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4269 | −0.390% | $1.2M | $1.7M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4262 | −0.548% | $5.0M | $3.3M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4269 | −0.390% | — | $7.3M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDT
BingX GRASS-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GRASS | +0.0100% | 4h | 0.4246 | −0.932% | $2.1M | $1.3M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4266 | −0.463% | $211K | $891K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0125% | 4h | 0.4266 | −0.460% | $548K | $311K | 20x | as long as short |
| Hyperliquid GRASSshort | +0.0130% | 1h | 0.4276 | −0.233% | $16.2M | $4.1M | 3x | |
| Aster GRASSUSDT | +0.0498% | 4h | 0.4269 | −0.391% | $65K | $234K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0787% | 1h | 0.4280 | −0.134% | $155K | $134K | 20x | as long as short |
| Lighter GRASSlong | +0.2256% | 1h | 0.4286 | long leg | $916K | $884K | 5x |
Variational Omni GRASS
Extended GRASS-USD
BloFin GRASS-USDT
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD