Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.016%
Price spread now: Derive against Lighter−0.086%7-day average −0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now −0.086%, 7d avg −0.071%
=Together, before fees−0.310%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.612 | 0.0096 | pay 0.0012% / 1h | 42m 39s | $16.4M | $61.5M | 20x |
| Short | Derive HYPE-PERP | 93.532 | 0.0100 | get 0.0013% / 1h | 42m 39s | $16.2M | $7.6M | 10x |
Lighter HYPE
Derive HYPE-PERPFunding history
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Range statsloading…
Price spread between the two exchanges
Derive against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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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: −0.086% → −0.071%
- −$1.45
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.61
- Costs to cover
- 0.060%
- Break-even
- 62.1 days
Slippage unknown: Lighter: live order book, 6 min ago; Derive: no order-book sample. 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 Lighter live order book, 6 min ago | 0.77 bp | 0.8 bp −$1 | 1.5 bp −$15 | 11.6 bp −$1,159 | 46.3 bp −$23.2K |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.1240% | 1h | 93.378 | −0.251% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.446 | −0.178% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0178% | 1h | 93.529 | −0.089% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0086% | 8h | 93.495 | −0.125% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.485 | −0.136% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.514 | −0.105% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0041% | 1h | 93.400 | −0.227% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.554 | −0.062% | $85K | $345K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0010% | 1h | 93.500 | −0.120% | $698K | $981K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.522 | −0.096% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.474 | −0.148% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.557 | −0.060% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.577 | −0.038% | — | $53.0M | — | as long as short |
| Aster HYPEUSDT | +0.0020% | 4h | 93.559 | −0.057% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.549 | −0.068% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.570 | −0.045% | $323.0M | $277.0M | 75x | as long as short |
| Bullet HYPE-USD | +0.0050% | 1h | 93.513 | −0.106% | $111K | $578K | 20x | as long as short |
| Gate HYPE_USDT | +0.0054% | 4h | 93.578 | −0.037% | $44.7M | $54.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.573 | −0.042% | $114.5M | $302.7M | 50x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.612 | long leg | $16.4M | $61.5M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.601 | −0.012% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.487 | −0.134% | $68K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.577 | −0.038% | $88.8M | $80.3M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.616 | +0.004% | $340K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 93.527 | −0.091% | $5.1M | $30.0M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | −0.045% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.475 | −0.147% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.647 | +0.037% | $2.04B | $655.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.616 | +0.004% | $10.1M | $14.6M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.603 | −0.010% | $380.1M | $877.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | −0.035% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.597 | −0.016% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.564 | −0.052% | $226.3M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.555 | −0.061% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.292% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.288 | −0.347% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.588 | −0.026% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.524 | −0.094% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.547 | −0.070% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.533 | −0.085% | $472K | $2.5M | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.532 | −0.086% | $16.2M | $7.6M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.628 | +0.017% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.580 | −0.035% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.530 | −0.088% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.571 | −0.044% | $398K | $163K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.690 | +0.083% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0202% | 4h | 93.700 | +0.094% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.505 | −0.115% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.529 | −0.089% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.557 | −0.059% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.577 | −0.038% | $17.0M | $11.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0359% | 1h | 93.656 | +0.047% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.644 | +0.034% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.350 | −0.280% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.644 | +0.034% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Bullet HYPE-USD
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD