Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Lighter−0.243%7-day average −0.053% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.008%−$1 on $10k
+Price spread, last 7 days+0.185%+$18 · spread now −0.243%, 7d avg −0.053%
=Together, before fees+0.177%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$18 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: Variational Omni is 0.190% cheaper against Lighter than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.523 | 0.0096 | pay 0.0012% / 1h | 48m 32s | $18.5M | $59.3M | 20x |
| Short | Variational Omni HYPE | 93.295 | 0.0100 | get 0.0100% / 8h | 2h 48m | $28.8M | $49.8M | — |
Lighter HYPE
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.243% → −0.053%
- −$18.99
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$18.15
- Costs to cover
- 0.000%
- Break-even
- 158.3 days
Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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, 5 min ago | 0.14 bp | 0.6 bp −$1 | 1.4 bp −$14 | 8.2 bp −$821 | 36.4 bp −$18.2K |
| Sell Variational Omni RFQ quote, 1 min ago | 0.41 bp | doesn't fit | 4.9 bp −$49 | 22.7 bp −$2,273 | 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 | −0.1280% | 1h | 93.248 | −0.293% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0157% | 1h | 93.330 | −0.206% | $700K | $944K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0146% | 1h | 93.371 | −0.162% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.503 | −0.021% | $89K | $344K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.412 | −0.118% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0025% | 1h | 93.376 | −0.157% | $113K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.504 | −0.021% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.497 | −0.027% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.441 | −0.087% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.420 | −0.110% | $19K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0012% | 4h | 93.465 | −0.062% | $8.9M | $36.2M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.339 | −0.196% | $16.4M | $7.1M | 10x | as long as short |
| Gate HYPE_USDT | +0.0036% | 4h | 93.467 | −0.060% | $44.2M | $56.2M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.460 | −0.067% | $325.9M | $288.4M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.408 | −0.123% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0076% | 4h | 93.408 | −0.123% | $180K | $536K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0092% | 1h | 93.318 | −0.219% | $405K | $1.1M | 50x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.523 | long leg | $18.5M | $59.3M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.494 | −0.031% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.480 | −0.046% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.480 | −0.046% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.478 | −0.047% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.513 | −0.010% | $2.04B | $668.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.491 | −0.034% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.478 | −0.048% | $386.1M | $890.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.470 | −0.056% | $114.9M | $316.2M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.449 | −0.079% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.200% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.469 | −0.057% | $92.8M | $81.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.461 | −0.066% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.484 | −0.041% | $227.1M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.462 | −0.065% | — | $54.3M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.418 | −0.112% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 93.295 | −0.243% | $28.8M | $49.8M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.336 | −0.199% | $7.5M | $46.2M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.443 | −0.085% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.495 | −0.029% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.428 | −0.101% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.391 | −0.141% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.424 | −0.106% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.378 | −0.155% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.381 | −0.152% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.490 | −0.035% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.450 | −0.078% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.400 | −0.132% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.276 | −0.264% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.460 | −0.067% | $4.9M | $5.7M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0242% | 1h | 93.484 | −0.041% | $7.4M | $4.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.392 | −0.139% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.290 | −0.249% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.425 | −0.105% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.376 | −0.157% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0398% | 4h | 93.581 | +0.062% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.546 | +0.024% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.479 | −0.047% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Derive HYPE-PERP
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
ApeX Omni HYPEUSDT
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD