Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Lighter against Nado+0.012%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$100.101% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now +0.012%, 7d avg +0.022%
=Together, before fees+0.012%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado HYPE-PERP | 93.352 | 0.0100 | pay 0.0012% / 1h | 38m 33s | $5.8M | $43.4M | 10x |
| Short | Lighter HYPE | 93.363 | 0.0096 | get 0.0012% / 1h | 38m 33s | $16.3M | $61.6M | 20x |
Nado HYPE-PERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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: +0.012% → +0.022%
- −$0.97
- Slippage, 4 orders
- −$3.05
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.87
- Costs to cover
- 0.101%
- Break-even
- never at this rate
Slippage from Nado: live order book, 6 min ago; Lighter: live order book, 11 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 Nado live order book, 6 min ago | 0.05 bp | 3.7 bp −$4 | 6.0 bp −$60 | 25.0 bp −$2,496 | doesn't fit |
| Sell Lighter live order book, 11 min ago | 0.77 bp | 1.7 bp −$2 | 4.0 bp −$40 | 12.4 bp −$1,240 | 39.7 bp −$19.8K |
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 | 93.334 | −0.018% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.216 | −0.145% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0185% | 1h | 93.253 | −0.106% | $79K | $170K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0086% | 1h | 93.170 | −0.194% | $700K | $980K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.335 | −0.018% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0059% | 8h | 93.302 | −0.053% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.272 | −0.085% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.270 | −0.087% | $155K | $633K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0040% | 1h | 93.403 | +0.055% | $22K | $21K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | +0.010% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.299 | −0.057% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.299 | −0.057% | $62K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0009% | 1h | 93.276 | −0.081% | $111K | $578K | 20x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 93.298 | −0.057% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | +0.050% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.334 | −0.019% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.280 | −0.077% | $321.3M | $277.2M | 75x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 93.330 | −0.023% | $44.5M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.277 | −0.080% | $114.1M | $301.8M | 50x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 93.363 | +0.012% | $16.3M | $61.6M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.360 | +0.009% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.300 | −0.055% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.334 | −0.019% | $89.8M | $80.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0097% | 4h | 93.287 | −0.069% | $378.6M | $876.5M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.367 | +0.017% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | −0.055% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPlong | +0.0100% | 1h | 93.352 | long leg | $5.8M | $43.4M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 93.408 | +0.061% | $2.04B | $653.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.366 | +0.016% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.245% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.372 | +0.022% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.328 | −0.025% | $225.7M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.270 | −0.087% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | −0.037% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.553 | +0.216% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.487 | +0.145% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.323 | −0.031% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.362 | +0.012% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.317 | −0.037% | $471K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.266 | −0.091% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.358 | +0.007% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.261 | −0.097% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.301 | −0.054% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.269 | −0.089% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | −0.003% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.350 | −0.002% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0197% | 4h | 93.450 | +0.106% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.278 | −0.078% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.362 | +0.011% | $1.9M | $5.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0318% | 1h | 93.368 | +0.018% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.306 | −0.048% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.271 | −0.086% | $16.9M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.414 | +0.067% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.220 | −0.141% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.323 | −0.030% | $20.7M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD