Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.011%
Price spread now: Lighter RH against BingX+0.049%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.049%, 7d avg +0.005%
=Together, before fees−0.045%+ Points / potential airdropLighter RH: Points live · farm board−$5 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 0.043% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HYPE-USDT | 92.317 | 0.0032 | pay 0.0016% / 4h | 49m 41s | — | $53.2M | — |
| Short | Lighter RH HYPE | 92.362 | 0.0096 | get 0.0012% / 1h | 49m 41s | $3.1M | $11.6M | 20x |
BingX HYPE-USDT
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against BingX. 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
- $13.44
- Price spread: +0.049% → +0.005%
- $4.33
- Slippage, 4 orders
- −$4.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $3.52
- Costs to cover
- 0.143%
- Break-even
- 5.2 days
Slippage from BingX: live order book, 4 min ago; Lighter RH: live order book, 4 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 BingX live order book, 4 min ago | 0.32 bp | 5.5 bp −$5 | 5.9 bp −$59 | 9.9 bp −$988 | 14.8 bp −$7,389 |
| Sell Lighter RH live order book, 4 min ago | 1.02 bp | 1.7 bp −$2 | 3.0 bp −$30 | 22.8 bp −$2,280 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.216 | −0.109% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0728% | 1h | 92.519 | +0.218% | $194K | $227K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0112% | 1h | 92.647 | +0.357% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 92.387 | +0.076% | $85K | $352K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.501 | +0.199% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0067% | 4h | 92.385 | +0.074% | $157K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0053% | 1h | 92.394 | +0.084% | $110K | $579K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0046% | 1h | 92.280 | −0.040% | $699K | $1.1M | 10x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 92.376 | +0.064% | $8.7M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.417 | +0.109% | $127K | $31K | 5x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
Aster HYPEUSDT
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 92.413 | +0.104% | $23K | $309K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.436 | +0.129% | $61K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0020% | 1h | 92.367 | +0.055% | $16.0M | $7.5M | 10x | as long as short |
| BingX HYPE-USDTlong | +0.0032% | 4h | 92.317 | long leg | — | $53.2M | — | |
| Phemex HYPEUSDT | +0.0038% | 8h | 92.433 | +0.126% | $12.5M | $2.7M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0038% | 8h | 92.342 | +0.027% | $316.8M | $279.4M | 75x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.855 | +0.583% | $211K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 92.343 | +0.028% | $44.3M | $54.5M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 92.395 | +0.084% | $67K | $1.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 92.344 | +0.029% | $112.9M | $300.3M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 92.334 | +0.018% | $87.4M | $80.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0079% | 4h | 92.338 | +0.023% | $371.2M | $893.4M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0092% | 8h | 92.363 | +0.050% | $337K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.355 | +0.041% | $16.0M | $62.1M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 92.362 | +0.049% | $3.1M | $11.6M | 20x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.370 | +0.057% | $13K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.400 | +0.089% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.391 | +0.080% | $2.01B | $660.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.375 | +0.063% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | +0.523% | $202K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.332 | +0.016% | $45.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.321 | +0.004% | $223.4M | $97.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.370 | +0.057% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.469 | +0.164% | $28.5M | $57.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.799 | +0.522% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.847 | +0.574% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.569 | +0.273% | $664K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.481 | +0.177% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.438 | +0.131% | $467K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.463 | +0.158% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.406 | +0.096% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.600 | +0.307% | $1.4M | $6.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0103% | 4h | 92.776 | +0.497% | $5.1M | $29.2M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.330 | +0.015% | $18.1M | $43.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.434 | +0.127% | $391K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.430 | +0.122% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.480 | +0.177% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0260% | 1h | 92.391 | +0.081% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0262% | 8h | 92.513 | +0.212% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0317% | 4h | 92.544 | +0.246% | $16.8M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0329% / S −0.0153% | 1h | 92.424 | +0.116% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0333% | 1h | 92.439 | +0.132% | $20.5M | $30.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0464% | 1h | 92.500 | +0.198% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.479 | +0.175% | $3.1M | $6.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.1078% | 1h | 92.386 | +0.075% | $78K | $169K | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phemex HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Gate HYPE_USDT
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Lighter HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
HTX HYPE-USDT
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Bluefin HYPE-PERP