Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter RH against Derive+0.077%7-day average +0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.077%, 7d avg +0.046%
=Together, before fees+0.018%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.031% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.516 | 0.0001 | pay 0.0000% / 1h | 30m 35s | $16.4M | $7.1M | 10x |
| Short | Lighter RH HYPE | 93.588 | 0.0096 | get 0.0012% / 1h | 30m 35s | $3.1M | $12.3M | 20x |
Derive HYPE-PERP
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Derive. 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
- $19.98
- Price spread: +0.077% → +0.046%
- $3.1
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $17.07
- Costs to cover
- 0.060%
- Break-even
- 1.0 days
Slippage unknown: Derive: no order-book sample; Lighter RH: live order book, 3 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 1.34 bp | 1.8 bp −$2 | 2.8 bp −$28 | 27.9 bp −$2,791 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1072% | 1h | 93.498 | −0.020% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0272% | 1h | 93.521 | +0.005% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0242% | 1h | 93.480 | −0.038% | $701K | $941K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.559 | +0.046% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.583 | +0.072% | $89K | $347K | 20x | as long as short |
| Bullet HYPE-USD | −0.0030% | 1h | 93.551 | +0.038% | $112K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.563 | +0.051% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.560 | +0.047% | $23K | $337K | 10x | as long as short |
| Derive HYPE-PERPlong | +0.0001% | 1h | 93.516 | long leg | $16.4M | $7.1M | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.597 | +0.086% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
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 | +0.0020% | 4h | 93.571 | +0.059% | $9.0M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0028% | 4h | 93.554 | +0.041% | $44.1M | $56.6M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0037% | 8h | 93.550 | +0.036% | $325.9M | $287.0M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.549 | +0.035% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0069% | 4h | 93.564 | +0.051% | $176K | $538K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 93.547 | +0.033% | $57K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.605 | +0.095% | $18.6M | $59.5M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.588 | +0.077% | $3.1M | $12.3M | 20x | |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.581 | +0.069% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | +0.058% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.549 | +0.035% | $6.0M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.651 | +0.144% | $2.04B | $668.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.575 | +0.063% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.549 | +0.035% | $386.0M | $887.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.547 | +0.033% | $114.9M | $315.3M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.538 | +0.024% | $1.2M | $4.0M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.549 | +0.035% | $93.6M | $82.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.578 | +0.066% | $46.4M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.577 | +0.065% | $227.3M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.550 | +0.036% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.587 | +0.076% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.402 | −0.122% | $28.9M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.500 | −0.017% | $7.5M | $45.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.572 | +0.060% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.599 | +0.089% | $677K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.597 | +0.086% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.593 | +0.082% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.573 | +0.061% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.594 | +0.084% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.549 | +0.035% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.554 | +0.041% | $12.7M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.556 | +0.043% | $204K | $12K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.538 | +0.023% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.582 | +0.070% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0115% | 4h | 93.532 | +0.017% | $5.1M | $29.6M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0125% | 8h | 93.638 | +0.131% | $1.9M | $5.3M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0135% | 1h | 93.651 | +0.144% | $7.4M | $4.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.600 | +0.090% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.549 | +0.035% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.490 | −0.028% | $30K | $231K | 12x | as long as short |
| HTX HYPE-USDT | +0.0335% | 4h | 93.730 | +0.229% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0164% | 1h | 93.600 | +0.089% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.545 | +0.031% | $17.1M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.615 | +0.105% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0572% | 1h | 93.661 | +0.155% | $19.2M | $26.0M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Popdex HYPEUSDT
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
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD