Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: StandX against Lighter−0.098%7-day average −0.026% · 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−$20as in the Price arb table
costs, in and out, $10k−$130.129% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now −0.098%, 7d avg −0.026%
=Together, before fees+0.116%+ Points / potential airdropLighter: Season 3 · StandX: Active · farm board+$12 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: StandX is 0.073% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 94.112 | 0.0096 | pay 0.0012% / 1h | 17m 36s | $16.3M | $63.5M | 20x |
| Short | StandX HYPE-USD | 94.019 | 0.0100 | get 0.0013% / 1h | 17m 36s | $673K | $2.8M | 20x |
Lighter HYPE
StandX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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: −0.098% → −0.026%
- −$7.26
- Slippage, 4 orders
- −$4.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$19.28
- Costs to cover
- 0.129%
- Break-even
- 167.7 days
Slippage from Lighter: live order book, 6 min ago; StandX: live order book, 1 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, 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 StandX live order book, 1 min ago | 1.33 bp | 5.3 bp −$5 | 5.5 bp −$55 | 11.4 bp −$1,139 | 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 | −0.1376% | 1h | 93.862 | −0.265% | $199K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0415% | 1h | 93.610 | −0.533% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.140 | +0.030% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0035% | 1h | 94.114 | +0.003% | $112K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 94.120 | +0.009% | $147K | $674K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.094 | −0.019% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.181 | +0.074% | $87K | $371K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.054 | −0.061% | $23K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.160 | +0.052% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.142 | +0.032% | $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 | 94.159 | +0.050% | $227.1M | $99.2M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0022% | 8h | 94.130 | +0.020% | $319.4M | $283.7M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0025% | 8h | 94.054 | −0.061% | $12.8M | $2.8M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.624 | −0.518% | $208K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0052% | 1h | 94.070 | −0.044% | $704K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.626 | −0.516% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 94.184 | +0.077% | $342K | $158K | 20x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 94.112 | long leg | $16.3M | $63.5M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 94.117 | +0.006% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.169 | +0.061% | $72K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.130 | +0.020% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.110 | −0.001% | $7.6M | $48.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.168 | +0.060% | $2.06B | $674.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.170 | +0.062% | $8.8M | $36.6M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.150 | +0.041% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.169 | +0.061% | $378.1M | $918.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.141 | +0.031% | $116.3M | $315.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.801% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.162 | +0.054% | $47.5M | $54.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.174 | +0.066% | $90.7M | $81.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.166 | +0.058% | $46.5M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.163 | +0.055% | — | $53.6M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.122 | +0.011% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.699 | −0.439% | $28.6M | $56.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.979 | −0.141% | $7.7M | $48.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.939 | −0.183% | $345K | $993K | 50x | as long as short |
| StandX HYPE-USDshort | +0.0100% | 1h | 94.019 | −0.098% | $673K | $2.8M | 20x | |
| Vest HYPE-PERP | +0.0100% | 1h | 94.198 | +0.092% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.177 | +0.070% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.159 | +0.050% | $80K | $165K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.129 | +0.019% | $16.2M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.208 | +0.103% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.143 | +0.033% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.250 | +0.147% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.133 | +0.023% | $18.3M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.160 | +0.052% | $398K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 94.134 | +0.024% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.080 | −0.033% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.180 | +0.073% | $4.7M | $5.9M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0217% | 1h | 94.228 | +0.124% | $7.5M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.133 | +0.023% | $81K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.127 | +0.017% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.230 | +0.126% | $21.1M | $29.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.930 | −0.193% | $16.9M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.230 | +0.125% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phemex HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
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
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
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC