Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter against gTrade (Gains Network)+0.002%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HYPE/USD | 93.879 | L +0.0002% / S −0.0003% | pay 0.0000% / 1h | 23m 52s | $26K | — | 150x |
| Short | Lighter HYPE | 93.880 | 0.0096 | get 0.0012% / 1h | 23m 52s | $16.4M | $62.6M | 20x |
gTrade (Gains Network) HYPE/USD
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $19.68
- Price spread: +0.002% → 0.000%
- $0.16
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.84
- Costs to cover
- 0.100%
- Break-even
- 3.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 5 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.52 bp | 0.5 bp −$1 | 2.5 bp −$25 | 13.2 bp −$1,324 | 41.4 bp −$20.7K |
gTrade (Gains Network): 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 54 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 | −0.0968% | 1h | 93.788 | −0.097% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.705 | −0.185% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0132% | 1h | 93.791 | −0.094% | $22K | $21K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0126% | 8h | 93.853 | −0.027% | $12.7M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.854 | −0.026% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0074% | 1h | 93.860 | −0.020% | $703K | $926K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.817 | −0.066% | $157K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.838 | −0.043% | $85K | $350K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0038% | 1h | 93.855 | −0.025% | $7.8M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0028% | 4h | 93.868 | −0.011% | $44.4M | $55.1M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | −0.0002% | 4h | 93.877 | −0.002% | — | $53.7M | — | as long as short |
| Aster HYPEUSDT | −0.0001% | 4h | 93.880 | +0.002% | $8.9M | $35.9M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.936 | +0.061% | $129K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.857 | −0.023% | $22K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USDlong | L +0.0002% / S −0.0003% | 1h | 93.879 | long leg | $26K | — | 150x | |
| Bybit HYPEUSDT | +0.0005% | 8h | 93.861 | −0.019% | $322.3M | $281.2M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.904 | +0.027% | $213K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0068% | 4h | 93.906 | +0.029% | $87.9M | $82.9M | 100x | as long as short |
| Binance HYPEUSDT | +0.0068% | 4h | 93.876 | −0.003% | $382.1M | $892.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0069% | 8h | 93.848 | −0.032% | $115.4M | $308.6M | 50x | as long as short |
| Bullet HYPE-USD | +0.0076% | 1h | 93.855 | −0.025% | $112K | $578K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0079% | 4h | 93.907 | +0.030% | $5.1M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.898 | +0.021% | $341K | $164K | 20x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 93.880 | +0.002% | $16.4M | $62.6M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.867 | −0.012% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.822 | −0.060% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.850 | −0.031% | $399K | $175K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.850 | −0.030% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.862 | −0.018% | $5.7M | $45.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.978 | +0.106% | $2.05B | $665.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.882 | +0.004% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.912 | +0.036% | $46.5M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.883 | +0.005% | $227.5M | $98.6M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.910 | +0.033% | $31.1M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.889 | +0.011% | $7.6M | $47.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.834 | −0.047% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.876 | −0.003% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.910 | +0.034% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.894 | +0.017% | $474K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.820 | −0.062% | $79K | $171K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.822 | −0.061% | $16.3M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.921 | +0.045% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.850 | −0.030% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.880 | +0.002% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.852 | −0.028% | $18.3M | $44.2M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.940 | +0.066% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.760 | −0.126% | $30K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0208% | 4h | 93.976 | +0.104% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.896 | +0.019% | $3.2M | $7.0M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0255% | 1h | 93.860 | −0.019% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0275% | 8h | 93.921 | +0.045% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.873 | −0.005% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0410% | 1h | 93.944 | +0.070% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0679% | 1h | 93.935 | +0.060% | $21.0M | $29.8M | 50x | as long as short |
BingX HYPE-USDT
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
Bybit HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD