HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter against Lighter RH0.000%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$60.063% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.029%+$3 · spread now 0.000%, 7d avg +0.029%

Together, before fees+0.072%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$7 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 Lighter is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	94.393	0.0096	pay 0.0012% / 1h	40m 41s	$3.2M	$10.8M	20x
Short	Lighter HYPE	94.393	0.0064	get 0.0008% / 1h	40m 41s	$16.3M	$64.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee Lighter RHbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.72
Price spread: 0.000% → +0.029%: −$2.87
Slippage, 4 orders: −$6.31
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.9
Costs to cover: 0.063%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Lighter: live order book, 8 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, 3 min ago	1.01 bp	1.9 bp −$2	3.2 bp −$32	20.0 bp −$1,998	doesn't fit
Sell Lighter live order book, 8 min ago	0.36 bp	0.6 bp −$1	2.8 bp −$28	11.5 bp −$1,145	42.6 bp −$21.3K

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	−0.1480%	1h	94.196	−0.208%	$201K	$250K	7x	as long as short
Bluefin HYPE-PERP	−0.0367%	1h	94.341	−0.055%	$80K	$154K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0177%	1h	94.350	−0.046%	$712K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0167%	1h	94.365	−0.030%	$112K	$576K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0131%	1h	94.458	+0.069%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.410	+0.018%	$87K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.399	+0.006%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.361	−0.034%	$1.0M	$3.6M	10x	as long as short
Bybit HYPEUSDT	−0.0014%	8h	94.370	−0.024%	$317.4M	$289.3M	75x	as long as short
Derive HYPE-PERP	−0.0008%	1h	94.317	−0.080%	$16.5M	$7.5M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.413	+0.021%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.537	+0.153%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.440	+0.050%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.398	+0.005%	$19K	$287K	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0001%	4h	94.340	−0.056%	$146K	$685K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.400	+0.007%	$123K	—	150x	as long as short
Bitget HYPEUSDT	+0.0038%	4h	94.383	−0.011%	$226.9M	$99.7M	75x	as long as short
Phemex HYPEUSDT	+0.0043%	8h	94.365	−0.030%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0054%	8h	94.412	+0.020%	$337K	$156K	20x	as long as short
Lighter HYPEshort	+0.0064%	1h	94.393	0.000%	$16.3M	$64.0M	20x
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.460	+0.071%	$4.7M	$6.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0068%	1h	94.452	+0.063%	$7.4M	$4.3M	50x	as long as short
Polymarket Perps HYPE-USD	+0.0078%	1h	94.393	0.000%	$495K	$2.8M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.372	−0.022%	$117.7M	$324.7M	50x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.428	+0.037%	$5.0M	$30.6M	30x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.393	long leg	$3.2M	$10.8M	20x
Popdex HYPEUSDT	+0.0096%	1h	94.379	−0.015%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.400	+0.007%	$31K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.370	−0.024%	$7.3M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.518	+0.132%	$2.08B	$690.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.399	+0.006%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.412	+0.021%	$10.2M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.393	0.000%	$378.3M	$934.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.332	−0.065%	$218K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.404	+0.012%	$49.7M	$56.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.387	−0.006%	$90.5M	$82.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.401	+0.008%	$46.8M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.364	−0.031%	—	$53.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.391	−0.002%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.327	−0.070%	$29.5M	$54.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.461	+0.072%	$7.6M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.450	+0.060%	$369K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.471	+0.083%	$683K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.462	+0.073%	—	$190K	5x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.415	+0.023%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.374	−0.020%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.572	+0.190%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.368	−0.026%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.366	−0.029%	$399K	$159K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0021%	1h	94.427	+0.036%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.400	+0.007%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.447	+0.057%	$20.3M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.398	+0.006%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.354	−0.042%	$84K	$124K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.388	−0.005%	$17.1M	$12.4M	75x	as long as short