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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.034%
Price spread now: Hyperliquid against Lighter RH+0.082%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Long on Lighter RHShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.133%+$13 on $10k
Price spread, last 7 days−0.061%−$6 · spread now +0.082%, 7d avg +0.014%
Together, before fees+0.072%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board+$7 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: Hyperliquid is 0.068% dearer against Lighter RH than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH HYPE93.5240.0096pay 0.0012% / 1h42m 59s$3.1M$11.1M20x
ShortHyperliquid HYPE93.6010.0100get 0.0013% / 1h42m 59s$2.05B$683.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 it
latest
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: +0.082% → +0.014%
$6.78
Slippage, 4 orders
−$5.71
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.09
Costs to cover
0.147%
Break-even
66.0 days
Slippage from Lighter RH: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 6 min ago0.53 bp2.2 bp −$23.5 bp −$3529.1 bp −$2,913doesn't fit
Sell Hyperliquid live order book, 11 min ago0.05 bp4.6 bp −$55.9 bp −$59doesn't fitdoesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1080%1h93.575+0.054%$198K$241K7xas long as short
Aftermath Perps HYPEUSD−0.0222%1h93.705+0.194%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0138%1h93.500−0.026%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.561+0.040%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.599+0.080%$87K$369K20xas long as short
Bullet HYPE-USD−0.0064%1h93.577+0.057%$111K$580K20xas long as short
Bluefin HYPE-PERP−0.0030%1h93.542+0.019%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.534+0.011%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.515−0.010%$128K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.632+0.115%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.612+0.095%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.610+0.092%$83K—150xas long as short
BingX HYPE-USDT+0.0004%4h93.500−0.026%—$53.7M—as long as short
Bybit HYPEUSDT+0.0005%8h93.469−0.059%$315.6M$288.6M75xas long as short
Phoenix HYPE+0.0017%1h93.654+0.139%$209K$1.1M10xas long as short
Derive HYPE-PERP+0.0023%1h93.501−0.024%$16.3M$7.4M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.493−0.033%$225.3M$99.7M75xas long as short
Paradex HYPE-USD-PERP+0.0077%8h93.545+0.022%$334K$161K20xas long as short
Phemex HYPEUSDT+0.0082%8h93.540+0.017%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.576+0.056%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.560+0.038%$1.0M$4.0M10xas long as short
Popdex HYPEUSDT+0.0088%1h93.574+0.053%$78K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.532+0.009%$16.2M$63.8M20xas long as short
Lighter RH HYPElong+0.0096%1h93.524long leg$3.1M$11.1M20x
Katana Perps HYPE-USD+0.0100%8h93.570+0.049%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.513−0.012%$7.4M$51.0M10xas long as short
Hyperliquid HYPEshort+0.0100%1h93.601+0.082%$2.05B$683.1M10x
Aster HYPEUSDT+0.0100%4h93.520−0.004%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.583+0.063%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.5240.000%$374.8M$931.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.495−0.031%$115.4M$315.8M50xas long as short
Gate HYPE_USDT+0.0100%4h93.499−0.027%$48.3M$55.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.504−0.021%$89.8M$83.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.552+0.030%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.520−0.004%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.579+0.058%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.664+0.150%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.589+0.070%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.638+0.122%$678K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.633+0.116%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.590+0.071%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.612+0.094%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.517−0.007%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.650+0.135%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.221%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.482−0.044%$18.2M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.5240.000%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.600+0.081%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.450−0.079%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.557+0.035%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0284%1h93.619+0.102%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.612+0.094%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.516−0.009%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.603+0.084%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.623+0.106%$3.2M$6.4M20xas long as short