Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.052%
Price spread now: Hyperliquid against Lighter+0.071%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.071%, 7d avg −0.017%
=Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$2 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: Hyperliquid is 0.087% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.827 | 0.0096 | pay 0.0012% / 1h | 20m 40s | $19.1M | $59.9M | 20x |
| Short | Hyperliquid HYPE | 93.893 | 0.0100 | get 0.0013% / 1h | 20m 40s | $2.05B | $673.5M | 10x |
Lighter HYPE
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0.84
- Price spread: +0.071% → −0.017%
- $8.73
- Slippage, 4 orders
- −$1.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1.42
- Costs to cover
- 0.110%
- Break-even
- 18.8 days
Slippage from Lighter: live order book, 8 min ago; Hyperliquid: live order book, 3 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 | 0.08 bp | 0.9 bp −$1 | 3.2 bp −$32 | 11.9 bp −$1,194 | 38.2 bp −$19.1K |
| Sell Hyperliquid live order book, 3 min ago | 0.05 bp | 4.9 bp −$5 | 5.0 bp −$50 | doesn't fit | 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 | −0.1336% | 1h | 93.984 | +0.168% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.698 | −0.137% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0209% | 1h | 94.121 | +0.314% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0155% | 1h | 93.910 | +0.089% | $710K | $959K | 10x | as long as short |
| dYdX HYPE-USD | −0.0114% | 1h | 93.863 | +0.039% | $129K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0098% | 1h | 93.977 | +0.160% | $113K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.806 | −0.022% | $86K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.035 | +0.222% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0068% | 4h | 93.785 | −0.045% | $44.4M | $59.9M | 75x | as long as short |
| Phemex HYPEUSDT | −0.0051% | 8h | 93.927 | +0.107% | $12.8M | $2.6M | 50x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0027% | 8h | 93.752 | −0.080% | $322.1M | $280.3M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0023% | 4h | 93.935 | +0.115% | $159K | $645K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.978 | +0.161% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.002 | +0.187% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0013% | 4h | 93.852 | +0.027% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0023% | 1h | 93.926 | +0.106% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.149 | +0.343% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0048% | 4h | 93.772 | −0.058% | $88.9M | $82.8M | 100x | as long as short |
| Binance HYPEUSDT | +0.0048% | 4h | 93.808 | −0.020% | $382.7M | $893.9M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0070% | 4h | 94.065 | +0.254% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.757 | −0.074% | $115.9M | $316.8M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0095% | 1h | 93.950 | +0.131% | $76K | $171K | 20x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.827 | long leg | $19.1M | $59.9M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.838 | +0.012% | $3.0M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.947 | +0.128% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.951 | +0.132% | $400K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.789 | −0.040% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.850 | +0.025% | $20K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.945 | +0.127% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 93.893 | +0.071% | $2.05B | $673.5M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.810 | −0.018% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.794 | −0.035% | $46.7M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.800 | −0.029% | $227.4M | $100.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.798 | −0.031% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.853 | +0.028% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.120% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.199 | +0.396% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.047 | +0.235% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.044 | +0.231% | $680K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.010 | +0.196% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.982 | +0.165% | $481K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.038 | +0.225% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.972 | +0.155% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.151 | +0.345% | $205K | $2K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.775 | −0.055% | $18.8M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.000 | +0.185% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0192% | 4h | 93.962 | +0.144% | $17.0M | $12.2M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.707% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.859 | +0.035% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 94.002 | +0.187% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.957 | +0.138% | $79K | $142K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0324% | 1h | 94.064 | +0.253% | $7.5M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0155% | 1h | 93.996 | +0.181% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0390% | 4h | 94.100 | +0.291% | $1.5M | $6.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.039 | +0.227% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD