Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter RH against Lighter−0.005%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$70.072% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.005%, 7d avg −0.029%
=Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$6 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: Lighter RH is 0.023% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 94.821 | 0.0088 | pay 0.0011% / 1h | 50m 32s | $16.2M | $61.8M | 20x |
| Short | Lighter RH HYPE | 94.816 | 0.0096 | get 0.0012% / 1h | 50m 32s | $3.2M | $10.2M | 20x |
Lighter HYPE
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $1.68
- Price spread: −0.005% → −0.029%
- $2.34
- Slippage, 4 orders
- −$7.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.2
- Costs to cover
- 0.072%
- Break-even
- 20.3 days
Slippage from Lighter: live order book, 9 min ago; Lighter RH: 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, 9 min ago | 0.82 bp | 1.4 bp −$1 | 3.6 bp −$36 | 11.7 bp −$1,172 | 40.5 bp −$20.3K |
| Sell Lighter RH live order book, 3 min ago | 1.05 bp | 3.0 bp −$3 | 4.6 bp −$46 | 31.7 bp −$3,169 | 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 | −0.1432% | 1h | 94.783 | −0.040% | $208K | $267K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0337% | 1h | 94.790 | −0.033% | $80K | $150K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0319% | 1h | 94.745 | −0.080% | $22K | $20K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0238% | 8h | 94.788 | −0.035% | $12.9M | $2.9M | 50x | as long as short |
| Bullet HYPE-USD | −0.0173% | 1h | 94.826 | +0.005% | $112K | $576K | 20x | as long as short |
| Arcus HYPE-USD | −0.0112% | 1h | 94.846 | +0.026% | $1.0M | $3.5M | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 94.930 | +0.115% | $89K | $366K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.836 | +0.016% | $3K | $331 | 25x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.0047% | 1h | 94.869 | +0.050% | $20.3M | $30.3M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0047% | 1h | 94.740 | −0.085% | $715K | $1.2M | 10x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Bullet HYPE-USD
Arcus HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Kraken Futures PF_HYPEUSD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0007% | 4h | 94.813 | −0.008% | $147K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.808 | −0.014% | $130K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.881 | +0.063% | $1.9M | $5.5M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.850 | +0.031% | $19K | $285K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 94.859 | +0.040% | $85K | — | 150x | as long as short |
| Phoenix HYPE | +0.0008% | 1h | 94.810 | −0.011% | $208K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0012% | 4h | 94.853 | +0.034% | $227.5M | $99.4M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0016% | 1h | 94.820 | −0.001% | $4.7M | $6.2M | 50x | as long as short |
| Derive HYPE-PERP | +0.0022% | 1h | 94.691 | −0.137% | $16.4M | $7.4M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0051% | 8h | 94.856 | +0.037% | $339K | $154K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 94.931 | +0.116% | $118.2M | $328.4M | 50x | as long as short |
| Vest HYPE-PERP | +0.0065% | 1h | 94.901 | +0.085% | — | $190K | 5x | as long as short |
| Lighter HYPElong | +0.0088% | 1h | 94.821 | long leg | $16.2M | $61.8M | 20x | |
| edgeX HYPEUSDC | +0.0095% | 4h | 94.791 | −0.032% | $5.0M | $30.7M | 30x | as long as short |
| SoDEX HYPE-USD | +0.0096% | 1h | 94.825 | +0.004% | $2.1M | $1.9M | 10x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 94.816 | −0.005% | $3.2M | $10.2M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.895 | +0.078% | $147K | $1.3M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.860 | +0.041% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.875 | +0.057% | $7.3M | $52.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.912 | +0.096% | $2.09B | $688.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.862 | +0.043% | $9.6M | $37.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.871 | +0.053% | $10.2M | $14.8M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.911 | +0.095% | $381.9M | $934.4M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0100% | 8h | 94.930 | +0.115% | $317.5M | $289.9M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.685 | −0.144% | $219K | $12K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.844 | +0.024% | $51.0M | $53.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.862 | +0.043% | $93.9M | $84.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.795 | −0.027% | $47.0M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.862 | +0.043% | — | $53.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.763 | −0.061% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.809 | −0.012% | $30.0M | $55.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.848 | +0.029% | $7.7M | $44.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.799 | −0.023% | $352K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.833 | +0.013% | $694K | $2.7M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.921 | +0.106% | $501K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.925 | +0.110% | $33K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.966 | +0.153% | $1.4M | $6.9M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.835 | +0.015% | $18.4M | $43.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.845 | +0.026% | $401K | $153K | 20x | as long as short |
| RISEx HYPE/USDC | +0.0133% | 1h | 94.896 | +0.079% | $3.1M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0153% | 1h | 95.060 | +0.252% | $31K | $340K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0235% | 1h | 94.920 | +0.105% | $7.5M | $4.3M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0272% | 1h | 94.808 | −0.013% | $83K | $115K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0327% / S −0.0152% | 1h | 94.897 | +0.081% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.810 | −0.011% | $17.2M | $12.5M | 75x | as long as short |
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bitget HYPEUSDT
Coinbase International HYPE-PERP-INTX
Derive HYPE-PERP
Paradex HYPE-USD-PERP
OKX HYPE-USDT-SWAP
Vest HYPE-PERP
edgeX HYPEUSDC
SoDEX HYPE-USD
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bybit HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
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
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT