Funding you earn now, next payment 06:00 UTC−0.0047%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.035%
Price spread now: Ondo Perps against Lighter−0.130%7-day average −0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.130%, 7d avg −0.022%
=Together, before fees−0.035%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.108% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 94.052 | 0.0096 | pay 0.0012% / 1h | 18m 25s | $16.3M | $63.4M | 20x |
| Short | Ondo Perps HYPE-USD.P | 93.930 | 0.0049 | get 0.0006% / 1h | 18m 25s | $704K | $1.2M | 10x |
Lighter HYPE
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$9.91
- Price spread: −0.130% → −0.022%
- −$10.78
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$25.7
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Ondo Perps: 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 | 0.94 bp | 1.2 bp −$1 | 2.6 bp −$26 | 12.2 bp −$1,224 | 43.5 bp −$21.7K |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.1376% | 1h | 93.862 | −0.202% | $199K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0415% | 1h | 93.610 | −0.470% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.007 | −0.048% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0035% | 1h | 94.114 | +0.066% | $112K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 94.120 | +0.072% | $147K | $674K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.993 | −0.063% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.049 | −0.003% | $88K | $365K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.054 | +0.002% | $23K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.160 | +0.115% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.989 | −0.067% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0016% | 4h | 94.042 | −0.011% | $227.0M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 94.130 | +0.083% | $319.4M | $283.6M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.624 | −0.455% | $208K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0031% | 8h | 93.952 | −0.106% | $12.8M | $2.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.Pshort | +0.0049% | 1h | 93.930 | −0.130% | $704K | $1.2M | 10x | |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.626 | −0.453% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.061 | +0.010% | $342K | $158K | 20x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 94.052 | long leg | $16.3M | $63.4M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 94.050 | −0.002% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.023 | −0.031% | $71K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.020 | −0.034% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.007 | −0.048% | $7.8M | $48.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.110 | +0.062% | $2.06B | $672.8M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.140 | +0.094% | $8.8M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.058 | +0.006% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.128 | +0.081% | $377.9M | $917.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.160 | +0.115% | $116.0M | $314.9M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.738% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.108 | +0.060% | $47.4M | $54.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.080 | +0.030% | $90.6M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.016 | −0.038% | $46.5M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.134 | +0.087% | — | $53.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.021 | −0.033% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.699 | −0.376% | $28.6M | $56.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.275 | −0.826% | $7.5M | $47.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.227 | −0.877% | $342K | $997K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.924 | −0.136% | $672K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.082 | +0.032% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.046 | −0.006% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.159 | +0.114% | $80K | $165K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.933 | −0.127% | $16.2M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.003 | −0.052% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.944 | −0.115% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.100 | +0.051% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.983 | −0.074% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.948 | −0.111% | $397K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 93.986 | −0.070% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.080 | +0.030% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.950 | −0.108% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.041 | −0.011% | $80K | $127K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0293% | 1h | 94.028 | −0.026% | $7.5M | $4.1M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.127 | +0.080% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0339% | 1h | 94.012 | −0.042% | $21.0M | $29.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.930 | −0.130% | $16.9M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.085 | +0.035% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC