Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: Lighter RH against dYdX−0.048%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$650.655% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.048%, 7d avg +0.009%
=Together, before fees+0.106%+ Points / potential airdropLighter RH: Points live · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.057% cheaper against dYdX than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.009%). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.077% in total) that is about 5.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX HYPE-USD | 93.328 | 0 | get 0.0000% / 1h | 1m 58s | $128K | $29K | 5x |
| Short | Lighter RH HYPE | 93.283 | 0.0096 | get 0.0012% / 1h | 1m 58s | $3.1M | $11.7M | 20x |
dYdX HYPE-USD
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against dYdX. 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
- $20.16
- Price spread: −0.048% → +0.009%
- −$5.72
- Slippage, 4 orders
- −$55.47
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$51.03
- Costs to cover
- 0.655%
- Break-even
- 24.7 days
Slippage from dYdX: live order book, 52 min ago; Lighter RH: live order book, 2 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 dYdX live order book, 52 min ago | 25.44 bp | 30.4 bp −$30 | 42.8 bp −$428 | 124.5 bp −$12.4K | 828.3 bp −$414.1K |
| Sell Lighter RH live order book, 2 min ago | 1.23 bp | 2.0 bp −$2 | 3.7 bp −$37 | 27.7 bp −$2,771 | 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 | −0.1880% | 1h | 93.444 | +0.124% | $197K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0325% | 1h | 93.243 | −0.092% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 93.213 | −0.123% | $1.0M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.324 | −0.004% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0043% | 4h | 93.242 | −0.092% | $146K | $669K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0014% | 1h | 93.240 | −0.094% | $702K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | −0.0010% | 1h | 93.233 | −0.102% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USDlong | 0.0000% | 1h | 93.328 | long leg | $128K | $29K | 5x | |
| Perpl HYPE | 0.0000% | 43m | 93.277 | −0.055% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.279 | −0.052% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.P
Bullet 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0016% | 1h | 93.249 | −0.085% | $87K | $366K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0024% | 8h | 93.280 | −0.052% | $317.5M | $283.8M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0024% | 8h | 93.293 | −0.038% | $12.6M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.446 | +0.126% | $209K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0028% | 4h | 93.269 | −0.063% | $225.8M | $99.0M | 75x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 93.306 | −0.024% | $45.8M | $55.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0056% | 1h | 93.232 | −0.103% | $76K | $1.1M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.303 | −0.027% | $339K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.269 | −0.063% | $16.0M | $63.0M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.283 | −0.048% | $3.1M | $11.7M | 20x | |
| edgeX HYPEUSDC | +0.0098% | 4h | 93.361 | +0.035% | $5.0M | $29.8M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.240 | −0.094% | $12K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.264 | −0.068% | $6.8M | $47.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.319 | −0.009% | $2.03B | $665.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.300 | −0.030% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.267 | −0.066% | $10.0M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.287 | −0.044% | $374.2M | $910.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.294 | −0.037% | $114.6M | $306.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.328 | 0.000% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.295 | −0.036% | $91.8M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.296 | −0.034% | $46.1M | $18.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.301 | −0.029% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.309 | −0.021% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.319 | −0.010% | $28.8M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.407 | +0.085% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.261 | −0.072% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.424 | +0.103% | $668K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.318 | −0.011% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.270 | −0.062% | $489K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.237 | −0.098% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.233 | −0.102% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.294 | −0.037% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.260 | −0.073% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.400 | +0.077% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.256 | −0.077% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.254 | −0.079% | $394K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.340 | +0.013% | $4.7M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0150% | 8h | 93.282 | −0.049% | $1.8M | $5.5M | 2.3x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0196% | 1h | 93.327 | −0.001% | $20.7M | $29.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.360 | +0.034% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0267% | 1h | 93.238 | −0.097% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.266 | −0.066% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.308 | −0.022% | $16.8M | $11.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0404% | 1h | 93.351 | +0.025% | $7.5M | $4.3M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.303 | −0.027% | $3.2M | $6.3M | 20x | as long as short |
01 Exchange HYPEUSD
Bybit HYPEUSDT
Phemex HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Gate HYPE_USDT
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Lighter HYPE
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC