Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%
Price spread now: BingX against Lighter RH−0.044%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$150.146% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.044%, 7d avg −0.005%
=Together, before fees+0.020%+ Points / potential airdropLighter RH: Points live · farm board+$2 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: BingX is 0.038% cheaper against Lighter RH than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 93.961 | 0.0096 | pay 0.0012% / 1h | 12m 11s | $3.0M | $12.2M | 20x |
| Short | BingX HYPE-USDT | 93.920 | 0.0100 | get 0.0050% / 4h | 3h 12m | — | $54.1M | — |
Lighter RH HYPE
BingX HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter RH. 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: −0.044% → −0.005%
- −$3.84
- Slippage, 4 orders
- −$4.58
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$17.58
- Costs to cover
- 0.146%
- Break-even
- 153.5 days
Slippage from Lighter RH: live order book, 2 min ago; BingX: live order book, 12 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 RH live order book, 2 min ago | 0.05 bp | 1.1 bp −$1 | 4.3 bp −$43 | 33.7 bp −$3,369 | doesn't fit |
| Sell BingX live order book, 12 min ago | 0.16 bp | 5.3 bp −$5 | 6.9 bp −$69 | 11.9 bp −$1,191 | 16.7 bp −$8,327 |
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 | −0.1200% | 1h | 94.014 | +0.056% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.881 | −0.085% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0208% | 1h | 93.960 | −0.001% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0115% | 1h | 93.930 | −0.033% | $708K | $960K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0110% | 8h | 93.928 | −0.035% | $12.8M | $2.6M | 50x | as long as short |
| dYdX HYPE-USD | −0.0094% | 1h | 94.002 | +0.043% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.984 | +0.024% | $86K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.988 | +0.029% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0061% | 1h | 93.964 | +0.003% | $113K | $581K | 20x | as long as short |
| Gate HYPE_USDT | −0.0046% | 4h | 93.939 | −0.023% | $44.5M | $60.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
dYdX HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0028% | 4h | 93.935 | −0.028% | $159K | $644K | 20x | as long as short |
| Bybit HYPEUSDT | −0.0007% | 8h | 93.910 | −0.054% | $323.2M | $280.2M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.993 | +0.034% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.990 | +0.031% | $26K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0013% | 4h | 93.976 | +0.016% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.907 | −0.057% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.678 | −0.301% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0050% | 4h | 93.951 | −0.011% | $88.5M | $83.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.930 | −0.033% | $383.5M | $894.6M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0058% | 4h | 93.999 | +0.040% | $5.1M | $30.1M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.922 | −0.042% | $116.1M | $315.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.990 | +0.031% | $19.0M | $60.4M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 93.961 | long leg | $3.0M | $12.2M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.977 | +0.017% | $65K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.955 | −0.006% | $400K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.020 | +0.062% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.970 | +0.010% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.979 | +0.020% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.002 | +0.044% | $2.05B | $676.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.020 | +0.062% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.460% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.960 | −0.001% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.939 | −0.023% | $227.5M | $100.5M | 75x | as long as short |
| BingX HYPE-USDTshort | +0.0100% | 4h | 93.920 | −0.044% | — | $54.1M | — | |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.947 | −0.015% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.810 | −0.160% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.085 | +0.132% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.061 | +0.106% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.040 | +0.084% | $671K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.024 | +0.067% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.005 | +0.047% | $475K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.952 | −0.010% | $76K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.026 | +0.069% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.953 | −0.009% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.936 | −0.026% | $18.4M | $45.3M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.000 | +0.042% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.930 | −0.033% | $31K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0205% | 4h | 94.015 | +0.057% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.008 | +0.051% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0237% | 8h | 94.046 | +0.090% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.953 | −0.008% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0158% | 1h | 93.985 | +0.026% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0375% | 4h | 94.150 | +0.201% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0463% | 1h | 94.051 | +0.096% | $7.5M | $4.7M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.041 | +0.085% | $21.0M | $29.8M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD