Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.005%
Price spread now: Lighter RH against Binance+0.030%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.152% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now +0.030%, 7d avg −0.012%
=Together, before fees−0.076%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HYPEUSDT | 94.042 | 0.0046 | pay 0.0023% / 4h | 0m 21s | $384.4M | $898.7M | 75x |
| Short | Lighter RH HYPE | 94.070 | 0.0096 | get 0.0012% / 1h | 0m 21s | $3.1M | $12.4M | 20x |
Binance HYPEUSDT
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $10.55
- Price spread: +0.030% → −0.012%
- $4.13
- Slippage, 4 orders
- −$5.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$0.51
- Costs to cover
- 0.152%
- Break-even
- 7.3 days
Slippage from Binance: live order book, 14 min ago; Lighter RH: live order book, 3 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, 14 min ago | 0.05 bp | 5.1 bp −$5 | 7.1 bp −$71 | 13.5 bp −$1,349 | 30.7 bp −$15.3K |
| Sell Lighter RH live order book, 3 min ago | 1.22 bp | 1.7 bp −$2 | 4.2 bp −$42 | 29.9 bp −$2,985 | doesn't fit |
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 | −0.1408% | 1h | 93.957 | −0.091% | $199K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0338% | 1h | 93.984 | −0.062% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.890 | −0.162% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0135% | 1h | 93.930 | −0.119% | $705K | $924K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.037 | −0.005% | $86K | $368K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.044 | +0.002% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0011% | 1h | 93.993 | −0.052% | $16.4M | $7.2M | 10x | as long as short |
| dYdX HYPE-USD | −0.0009% | 1h | 94.052 | +0.011% | $128K | $30K | 5x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0006% | 4h | 94.043 | +0.001% | $169K | $594K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.049 | +0.007% | $23K | $329K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Derive HYPE-PERP
dYdX HYPE-USD
Orderly PERP_HYPE_USDC
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.071 | +0.031% | $27K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.898 | −0.153% | $217K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0017% | 8h | 94.026 | −0.017% | $323.6M | $284.0M | 75x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 94.051 | +0.009% | $8.9M | $36.1M | 300x | as long as short |
| Phemex HYPEUSDT | +0.0026% | 8h | 94.000 | −0.045% | $12.8M | $2.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 94.035 | −0.008% | $88.5M | $82.3M | 100x | as long as short |
| Binance HYPEUSDTlong | +0.0046% | 4h | 94.042 | long leg | $384.4M | $898.7M | 75x | |
| edgeX HYPEUSDC | +0.0057% | 4h | 94.017 | −0.027% | $5.1M | $29.7M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0064% | 1h | 94.028 | −0.015% | $60K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0068% | 4h | 94.039 | −0.003% | $44.2M | $60.1M | 75x | as long as short |
| Bullet HYPE-USD | +0.0077% | 1h | 94.041 | −0.001% | $113K | $578K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0087% | 8h | 94.030 | −0.013% | $116.0M | $323.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.096 | +0.058% | $18.9M | $60.5M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 94.070 | +0.030% | $3.1M | $12.4M | 20x | |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.068 | +0.027% | $400K | $318K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 94.040 | −0.002% | $42K | $1.6M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.088 | +0.049% | $342K | $171K | 20x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.031 | −0.012% | $6.7M | $44.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.141 | +0.105% | $2.05B | $680.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.066 | +0.025% | $10.1M | $14.5M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.889 | −0.163% | $205K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.040 | −0.002% | $46.6M | $18.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.048 | +0.006% | $227.8M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.037 | −0.005% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.082 | +0.042% | $7.9M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.972 | −0.074% | $31.4M | $54.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.864 | −0.190% | $7.6M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.055 | +0.014% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.964 | −0.083% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.072 | +0.031% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.062 | +0.021% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.071 | +0.031% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.060 | +0.019% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.059 | +0.018% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.410 | +0.391% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.019 | −0.024% | $18.4M | $42.8M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 94.070 | +0.030% | $4.9M | $5.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0159% | 8h | 94.096 | +0.057% | $1.9M | $5.1M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0183% | 4h | 94.000 | −0.045% | $17.0M | $12.6M | 75x | as long as short |
| HTX HYPE-USDT | +0.0194% | 4h | 94.200 | +0.168% | $1.5M | $7.8M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0250% | 1h | 94.027 | −0.016% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 94.084 | +0.045% | $2.8M | $6.9M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.070 | +0.030% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0409% | 1h | 94.166 | +0.132% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0576% | 1h | 94.158 | +0.123% | $21.1M | $29.5M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bybit HYPEUSDT
Aster HYPEUSDT
Phemex HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Popdex HYPEUSDT
Gate HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
Lighter HYPE
Aevo HYPE-PERP
Katana Perps HYPE-USD
Paradex HYPE-USD-PERP
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
BloFin HYPE-USDT
HTX HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD