Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Bluefin+0.023%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.023%, 7d avg +0.022%
=Together, before fees+0.164%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 93.295 | 0.0100 | pay 0.0013% / 1h | 9m 54s | $75K | $168K | 20x |
| Short | Lighter RH HYPE | 93.316 | 0.0096 | get 0.0012% / 1h | 9m 54s | $3.1M | $12.4M | 20x |
Bluefin HYPE-PERP
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bluefin. 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
- −$0.84
- Price spread: +0.023% → +0.022%
- $0.1
- Slippage, 4 orders
- −$22.14
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$29.88
- Costs to cover
- 0.291%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 14 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 Bluefin live order book, 14 min ago | 1.92 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.07 bp | 1.6 bp −$2 | 3.2 bp −$32 | 30.5 bp −$3,046 | 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 | −0.0920% | 1h | 93.381 | +0.092% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0256% | 1h | 93.477 | +0.195% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0236% | 1h | 93.410 | +0.123% | $700K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.337 | +0.045% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.322 | +0.029% | $90K | $353K | 20x | as long as short |
| Derive HYPE-PERP | −0.0025% | 1h | 93.309 | +0.015% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0015% | 1h | 93.304 | +0.010% | $110K | $581K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | +0.095% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.327 | +0.034% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.350 | +0.059% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Derive HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0010% | 4h | 93.272 | −0.025% | $8.9M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0024% | 4h | 93.270 | −0.027% | $43.9M | $57.7M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.280 | −0.016% | $324.9M | $287.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 93.305 | +0.011% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0055% | 4h | 93.321 | +0.028% | $163K | $539K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.605 | +0.332% | $216K | $1.2M | 10x | as long as short |
| SoDEX HYPE-USD | +0.0096% | 1h | 93.288 | −0.008% | $2.0M | $2.0M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.319 | +0.026% | $18.6M | $59.8M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.316 | +0.023% | $3.1M | $12.4M | 20x | |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.330 | +0.037% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.350 | +0.059% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | +0.010% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.367 | +0.077% | $2.03B | $670.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.322 | +0.029% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.276 | −0.020% | $385.1M | $889.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.250 | −0.048% | $114.6M | $314.9M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.285 | −0.011% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | −0.011% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.269 | −0.028% | $93.1M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.291 | −0.004% | $46.2M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.282 | −0.014% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.266 | −0.031% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.311 | +0.017% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.263 | −0.035% | $29.1M | $50.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.439 | +0.154% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.558 | +0.282% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.346 | +0.055% | $675K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.337 | +0.045% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 93.295 | long leg | $75K | $168K | 20x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.395 | +0.107% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.335 | +0.043% | $12.7M | $2.6M | 50x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.343 | +0.051% | — | $454K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.265 | −0.032% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.322 | +0.029% | $397K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.397 | +0.109% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0118% | 4h | 93.534 | +0.257% | $5.1M | $29.7M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | +0.102% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.304 | +0.010% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.659% | $31K | $291K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0286% | 1h | 93.410 | +0.123% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0295% | 4h | 93.487 | +0.206% | $1.5M | $7.7M | 75x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.289 | −0.006% | $17.1M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0346% / S −0.0171% | 1h | 93.343 | +0.051% | $1.5M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.365 | +0.075% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.397 | +0.109% | $19.1M | $26.1M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
SoDEX HYPE-USD
Lighter HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
Phemex HYPEUSDT
Vest HYPE-PERP
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD