Funding you earn now, next payment 23:00 UTC−0.0143%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.058%
Price spread now: Lighter against Injective+0.149%7-day average −0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.307%−$231 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.149%, 7d avg −0.137%
=Together, before fees−2.304%+ Points / potential airdropLighter: Season 3 · farm board−$230 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.286% dearer against Injective than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of −0.137%): +$29 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−2.307% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HYPE/USDC PERP | 93.250 | 0.0239 | pay 0.0030% / 1h | 43m 06s | $30K | $338K | 12x |
| Short | Lighter HYPE | 93.388 | 0.0096 | get 0.0012% / 1h | 43m 06s | $18.5M | $58.7M | 20x |
Injective HYPE/USDC PERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- −$29.97
- Price spread: +0.149% → −0.137%
- $28.6
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.39
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: live order book, 41 min ago; Lighter: live order book, 6 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 Injective live order book, 41 min ago | 15.46 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.25 bp | 0.6 bp −$1 | 2.8 bp −$28 | 10.5 bp −$1,048 | 39.3 bp −$19.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0355% | 1h | 93.211 | −0.041% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.292 | +0.045% | $1.2M | $4.0M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0112% | 1h | 93.291 | +0.044% | $197K | $230K | 7x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.339 | +0.095% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0038% | 1h | 93.150 | −0.107% | $699K | $924K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.375 | +0.134% | $90K | $362K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.336 | +0.092% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.345 | +0.102% | $57K | $1.2M | 50x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.402 | +0.163% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.303 | +0.057% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Kalshi KXHYPEPERP
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.345 | +0.102% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0011% | 4h | 93.361 | +0.119% | $8.9M | $36.0M | 300x | as long as short |
| Derive HYPE-PERP | +0.0016% | 1h | 93.272 | +0.023% | $16.3M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0031% | 8h | 93.340 | +0.097% | $324.2M | $286.8M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.278 | +0.030% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0037% | 4h | 93.316 | +0.071% | $171K | $519K | 20x | as long as short |
| Gate HYPE_USDT | +0.0070% | 4h | 93.355 | +0.113% | $43.8M | $57.7M | 75x | as long as short |
| Bullet HYPE-USD | +0.0082% | 1h | 93.301 | +0.055% | $111K | $578K | 20x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 93.388 | +0.149% | $18.5M | $58.7M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.357 | +0.115% | $3.1M | $12.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0096% | 4h | 93.346 | +0.103% | $383.6M | $891.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0098% | 4h | 93.352 | +0.109% | $90.4M | $81.6M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.342 | +0.099% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.320 | +0.075% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.344 | +0.101% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.397 | +0.158% | $2.03B | $672.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.324 | +0.079% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.368 | +0.127% | $114.1M | $314.4M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.884 | −0.392% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.352 | +0.109% | $47.3M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.400 | +0.161% | $226.5M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.325 | +0.080% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.389 | +0.149% | $7.9M | $11.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.236 | −0.015% | $28.9M | $50.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.228 | −0.023% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.375 | +0.134% | $413K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.274 | +0.026% | $675K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.337 | +0.093% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.364 | +0.122% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.311 | +0.065% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.391 | +0.151% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.328 | +0.084% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.340 | +0.097% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.369 | +0.128% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.325 | +0.081% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0107% | 4h | 93.311 | +0.065% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.390 | +0.150% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERPlong | +0.0239% | 1h | 93.250 | long leg | $30K | $338K | 12x | |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.317 | +0.072% | $78K | $158K | 15x | as long as short |
| HTX HYPE-USDT | +0.0274% | 4h | 93.500 | +0.268% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.399 | +0.160% | $2.8M | $6.8M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.412 | +0.174% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0336% | 4h | 93.332 | +0.088% | $16.9M | $12.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0159% | 1h | 93.341 | +0.097% | $1.5M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.444 | +0.208% | $20.8M | $28.6M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Gate HYPE_USDT
Bullet HYPE-USD
Lighter RH HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
HTX HYPE-USDT
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD