Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.041%
Price spread now: Lighter RH against HTX−0.122%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.122%, 7d avg −0.032%
=Together, before fees+0.158%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.090% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX HYPE-USDT | 93.209 | 0.0100 | pay 0.0050% / 4h | 3h 10m | $1.4M | $6.3M | 75x |
| Short | Lighter RH HYPE | 93.095 | 0.0096 | get 0.0012% / 1h | 10m 13s | $3.1M | $11.6M | 20x |
HTX HYPE-USDT
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. 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: −0.122% → −0.032%
- −$9.02
- Slippage, 4 orders
- −$10.78
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$32.63
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from HTX: 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 HTX live order book, 4 min ago | 0.91 bp | 9.3 bp −$9 | 15.9 bp −$159 | 47.7 bp −$4,768 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.07 bp | 1.1 bp −$1 | 2.4 bp −$24 | 22.2 bp −$2,220 | 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 | −0.1808% | 1h | 93.008 | −0.215% | $194K | $231K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0321% | 1h | 93.058 | −0.162% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 93.058 | −0.162% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.071 | −0.148% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0051% | 4h | 93.047 | −0.174% | $146K | $671K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.075 | −0.143% | $128K | $29K | 5x | as long as short |
| Ondo Perps HYPE-USD.P | 0.0000% | 1h | 92.970 | −0.256% | $700K | $1.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.088 | −0.129% | $22K | $293K | 10x | as long as short |
| Bullet HYPE-USD | +0.0002% | 1h | 93.060 | −0.160% | $111K | $578K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.090 | −0.128% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Ondo Perps HYPE-USD.P
Perpl HYPE
Bullet HYPE-USD
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 | 93.107 | −0.109% | $87K | $365K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.056 | −0.164% | $208K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0027% | 8h | 93.050 | −0.171% | $317.4M | $284.3M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0030% | 8h | 93.045 | −0.176% | $12.6M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0036% | 4h | 93.064 | −0.156% | $225.1M | $98.8M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0048% | 1h | 93.081 | −0.137% | $76K | $1.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0054% | 4h | 93.062 | −0.158% | $45.4M | $54.8M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.105 | −0.111% | $339K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.075 | −0.143% | $16.0M | $62.9M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.095 | −0.122% | $3.1M | $11.6M | 20x | |
| edgeX HYPEUSDC | +0.0099% | 4h | 93.100 | −0.117% | $4.9M | $29.7M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.060 | −0.160% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.061 | −0.159% | $6.8M | $46.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.131 | −0.084% | $2.03B | $670.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.078 | −0.141% | $8.7M | $36.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.101 | −0.116% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.091 | −0.127% | $373.6M | $910.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.069 | −0.150% | $114.0M | $305.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.125 | −0.090% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.084 | −0.134% | $91.5M | $81.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.080 | −0.138% | $46.1M | $18.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.060 | −0.160% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.096 | −0.121% | $7.3M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.028 | −0.194% | $28.6M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.156 | −0.057% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.126 | −0.089% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.104 | −0.113% | $665K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.133 | −0.081% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.110 | −0.106% | $488K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.068 | −0.151% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.054 | −0.166% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.120 | −0.095% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.065 | −0.154% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDTlong | +0.0100% | 4h | 93.209 | long leg | $1.4M | $6.3M | 75x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.039 | −0.182% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.056 | −0.164% | $393K | $164K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.149 | −0.064% | $1.8M | $5.5M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.120 | −0.095% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0196% | 1h | 93.147 | −0.067% | $20.7M | $29.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.410 | +0.216% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0266% | 1h | 93.072 | −0.147% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 93.093 | −0.125% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.074 | −0.145% | $16.8M | $11.8M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0556% | 1h | 93.173 | −0.039% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.144 | −0.070% | $3.2M | $6.3M | 20x | as long as short |
01 Exchange HYPEUSD
Phoenix HYPE
Bybit HYPEUSDT
Phemex HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
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
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
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