HYPE

Alert: funding

Alert: spread

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: Injective against Lighter−0.148%7-day average +0.137% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+2.307%+$231 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.148%, 7d avg +0.137%

Together, before fees+2.304%+ Points / potential airdropLighter: Season 3 · farm board+$230 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.286% cheaper against Lighter than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of +0.137%). If the spread goes back, that is −$29 on $10k: about 6.7 days of funding at the current rate (+$4 a day). 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	Lighter HYPE	93.388	0.0096	pay 0.0012% / 1h	42m 56s	$18.5M	$58.7M	20x
Short	Injective HYPE/USDC PERP	93.250	0.0239	get 0.0030% / 1h	42m 56s	$30K	$338K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersPrice spread, now −0.148%Rate

Funding earned: $29.97
Price spread: −0.148% → +0.137%: −$28.57
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1.38
Costs to cover: 0.000%
Break-even: 6.7 days

Slippage unknown: Lighter: live order book, 6 min ago; Injective: live order book, 41 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 Lighter live order book, 6 min ago	0.25 bp	0.3 bp $0	1.7 bp −$17	10.9 bp −$1,091	38.9 bp −$19.5K
Sell Injective live order book, 41 min ago	15.46 bp	doesn't fit	doesn't fit	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
Aftermath Perps HYPEUSD	−0.0355%	1h	93.211	−0.190%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.292	−0.103%	$1.2M	$4.0M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0112%	1h	93.291	−0.104%	$197K	$230K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.339	−0.053%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0038%	1h	93.150	−0.255%	$699K	$924K	10x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.375	−0.014%	$90K	$362K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.336	−0.057%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.345	−0.047%	$57K	$1.2M	50x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.402	+0.014%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.303	−0.092%	$23K	$331K	10x	as long as short

Show 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	−0.047%	$20K	—	150x	as long as short
Aster HYPEUSDT	+0.0011%	4h	93.379	−0.011%	$8.9M	$36.0M	300x	as long as short
Derive HYPE-PERP	+0.0016%	1h	93.272	−0.125%	$16.3M	$7.1M	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.390	+0.002%	$324.4M	$286.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.278	−0.118%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0037%	4h	93.316	−0.078%	$171K	$519K	20x	as long as short
Gate HYPE_USDT	+0.0070%	4h	93.394	+0.006%	$43.8M	$57.7M	75x	as long as short
Bullet HYPE-USD	+0.0082%	1h	93.301	−0.094%	$111K	$578K	20x	as long as short
Lighter HYPElong	+0.0096%	1h	93.388	long leg	$18.5M	$58.7M	20x
Lighter RH HYPE	+0.0096%	1h	93.357	−0.034%	$3.1M	$12.1M	20x	as long as short
Binance HYPEUSDT	+0.0096%	4h	93.391	+0.003%	$383.8M	$891.7M	75x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.387	−0.002%	$90.4M	$81.6M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.342	−0.050%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.320	−0.073%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.344	−0.047%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.397	+0.009%	$2.03B	$672.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.324	−0.069%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.384	−0.005%	$114.1M	$314.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.884	−0.540%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.410	+0.023%	$47.3M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.414	+0.027%	$226.5M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.380	−0.009%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.389	+0.001%	$7.9M	$11.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.236	−0.163%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.228	−0.172%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.375	−0.014%	$413K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.274	−0.123%	$675K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.337	−0.056%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.364	−0.026%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.311	−0.083%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.391	+0.003%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.328	−0.065%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.340	−0.052%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.369	−0.020%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.325	−0.067%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	93.311	−0.083%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.390	+0.002%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERPshort	+0.0239%	1h	93.250	−0.148%	$30K	$338K	12x
Reya HYPERUSDPERP	+0.0246%	1h	93.317	−0.076%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0274%	4h	93.500	+0.119%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.399	+0.011%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0328%	1h	93.412	+0.025%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	93.332	−0.060%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.341	−0.051%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.444	+0.060%	$20.8M	$28.6M	50x	as long as short