Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.010%
Price spread now: Lighter against Binance−0.068%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$120.124% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now −0.068%, 7d avg +0.018%
=Together, before fees+0.087%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.085% cheaper against Binance than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.018%). If the spread goes back, that is −$9 on $10k: about 5.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.004% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HYPEUSDT | 93.694 | 0.0042 | pay 0.0021% / 4h | 3h 17m | $382.2M | $894.5M | 75x |
| Short | Lighter HYPE | 93.630 | 0.0096 | get 0.0012% / 1h | 17m 02s | $19.1M | $60.0M | 20x |
Binance HYPEUSDT
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $11.31
- Price spread: −0.068% → +0.018%
- −$8.55
- Slippage, 4 orders
- −$2.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.68
- Costs to cover
- 0.124%
- Break-even
- 13.0 days
Slippage from Binance: live order book, 12 min ago; Lighter: 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 Binance live order book, 12 min ago | 0.05 bp | 6.0 bp −$6 | 8.0 bp −$80 | 12.8 bp −$1,279 | 23.4 bp −$11.7K |
| Sell Lighter live order book, 7 min ago | 0.55 bp | 0.7 bp −$1 | 2.0 bp −$20 | 11.9 bp −$1,187 | 42.8 bp −$21.4K |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1280% | 1h | 93.530 | −0.175% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.508 | −0.199% | $1.3M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0189% | 1h | 93.890 | +0.209% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0145% | 1h | 93.580 | −0.122% | $710K | $956K | 10x | as long as short |
| dYdX HYPE-USD | −0.0106% | 1h | 93.615 | −0.084% | $128K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.616 | −0.083% | $85K | $360K | 20x | as long as short |
| Bullet HYPE-USD | −0.0092% | 1h | 93.591 | −0.110% | $113K | $581K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.627 | −0.072% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0062% | 4h | 93.593 | −0.108% | $44.3M | $60.1M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.559 | −0.144% | $159K | $645K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0019% | 8h | 93.690 | −0.004% | $321.7M | $280.3M | 75x | as long as short |
| Aster HYPEUSDT | −0.0007% | 4h | 93.668 | −0.027% | $8.9M | $36.1M | 300x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.638 | −0.059% | $23K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.620 | −0.079% | $27K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0009% | 1h | 93.545 | −0.159% | $16.3M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.678 | −0.017% | $218K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0039% | 8h | 93.651 | −0.046% | $12.8M | $2.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.608 | −0.092% | $88.1M | $83.2M | 100x | as long as short |
| Binance HYPEUSDTlong | +0.0042% | 4h | 93.694 | long leg | $382.2M | $894.5M | 75x | |
| edgeX HYPEUSDC | +0.0057% | 4h | 93.961 | +0.285% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 93.692 | −0.002% | $115.7M | $316.5M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0084% | 1h | 93.581 | −0.121% | $76K | $170K | 20x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.546 | −0.158% | $398K | $180K | 20x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 93.630 | −0.068% | $19.1M | $60.0M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.619 | −0.080% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.622 | −0.077% | $66K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.644 | −0.054% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | −0.132% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.650 | −0.047% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.679 | −0.016% | $2.04B | $675.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.648 | −0.049% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.177% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.607 | −0.093% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.638 | −0.060% | $227.0M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.627 | −0.072% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.634 | −0.064% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.262% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.991 | +0.317% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.940 | +0.263% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.838 | +0.154% | $679K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.652 | −0.045% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.656 | −0.041% | $473K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.645 | −0.052% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.583 | −0.118% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.567 | −0.136% | $18.7M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.640 | −0.058% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0168% | 4h | 93.581 | −0.121% | $17.0M | $12.1M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.850% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.668 | −0.027% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.706 | +0.013% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.622 | −0.077% | $79K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0156% | 1h | 93.614 | −0.086% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0367% | 4h | 93.825 | +0.140% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0605% | 1h | 93.699 | +0.005% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0674% | 1h | 93.681 | −0.014% | $20.9M | $29.8M | 50x | as long as short |
Bybit HYPEUSDT
Aster HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
Phemex HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
Aevo HYPE-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD