Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%
Price spread now: dYdX against Lighter+0.071%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$630.627% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.071%, 7d avg −0.032%
=Together, before fees−0.210%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.104% dearer against Lighter than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of −0.032%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.541 | 0.0096 | pay 0.0012% / 1h | 56m 05s | $16.1M | $62.9M | 20x |
| Short | dYdX HYPE-USD | 93.608 | 0 | get 0.0000% / 1h | 56m 05s | $128K | $29K | 5x |
Lighter HYPE
dYdX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Lighter. 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: +0.071% → −0.032%
- $10.37
- Slippage, 4 orders
- −$52.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$72.46
- Costs to cover
- 0.627%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; dYdX: live order book, 58 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 Lighter live order book, 8 min ago | 0.42 bp | 1.2 bp −$1 | 2.3 bp −$23 | 10.6 bp −$1,058 | 36.3 bp −$18.2K |
| Sell dYdX live order book, 58 min ago | 25.44 bp | 30.4 bp −$30 | 72.9 bp −$729 | 180.1 bp −$18.0K | 1151.9 bp −$576.0K |
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 | −0.1896% | 1h | 93.498 | −0.046% | $197K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0364% | 1h | 93.451 | −0.097% | $22K | $21K | 10x | as long as short |
| Bullet HYPE-USD | −0.0131% | 1h | 93.513 | −0.030% | $112K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.476 | −0.069% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0037% | 4h | 93.554 | +0.014% | $146K | $663K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.535 | −0.006% | $88K | $366K | 20x | as long as short |
| dYdX HYPE-USDshort | 0.0000% | 1h | 93.608 | +0.071% | $128K | $29K | 5x | |
| Perpl HYPE | 0.0000% | 43m | 93.556 | +0.016% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.576 | +0.037% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.514 | −0.029% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0020% | 8h | 93.499 | −0.045% | $12.6M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0024% | 4h | 93.518 | −0.025% | $226.3M | $99.2M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0026% | 8h | 93.519 | −0.024% | $318.1M | $283.8M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.546 | +0.005% | $209K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0061% | 1h | 93.560 | +0.020% | $705K | $1.2M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0092% | 1h | 93.553 | +0.013% | $79K | $167K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.581 | +0.043% | $341K | $162K | 20x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.541 | long leg | $16.1M | $62.9M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.560 | +0.020% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.524 | −0.018% | $77K | $1.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0097% | 4h | 93.351 | −0.203% | $5.0M | $29.9M | 30x | as long as short |
| Gate HYPE_USDT | +0.0098% | 4h | 93.518 | −0.025% | $46.3M | $53.8M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.510 | −0.033% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.544 | +0.004% | $7.0M | $47.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.565 | +0.026% | $2.04B | $667.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.565 | +0.026% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.574 | +0.035% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.525 | −0.018% | $375.1M | $910.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.516 | −0.027% | $114.9M | $308.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.328 | −0.228% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.533 | −0.009% | $92.2M | $80.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.558 | +0.018% | $46.2M | $18.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.517 | −0.026% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.578 | +0.040% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.379 | −0.174% | $28.8M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.423 | −0.126% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.617 | +0.081% | $343K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.612 | +0.076% | $669K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.585 | +0.047% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.548 | +0.007% | $490K | $2.7M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.544 | +0.003% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.549 | +0.009% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.563 | +0.024% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.800 | +0.277% | $1.4M | $6.4M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.539 | −0.002% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.566 | +0.027% | $396K | $161K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.410 | −0.140% | $30K | $339K | 12x | as long as short |
| Kalshi KXHYPEPERP | +0.0137% | 8h | 93.633 | +0.098% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.720 | +0.191% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0267% | 1h | 93.508 | −0.036% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.558 | +0.018% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.642 | +0.108% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0340% | 1h | 93.618 | +0.083% | $20.9M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0391% | 1h | 93.649 | +0.115% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.602 | +0.066% | $3.2M | $6.3M | 20x | as long as short |
Phemex HYPEUSDT
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
Bluefin HYPE-PERP
Paradex HYPE-USD-PERP
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
Gate HYPE_USDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC