Funding you earn now, next payment 21:20 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.020%
Price spread now: Lighter against Perpl+0.084%7-day average +0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.084%, 7d avg +0.022%
=Together, before fees−0.297%+ Points / potential airdropPerpl: Active · Lighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.062% dearer against Perpl than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.463 | 0 | get 0.0000% / 43m | 21m 55s | $23K | $337K | 10x |
| Short | Lighter HYPE | 93.542 | 0.0096 | get 0.0012% / 1h | 34m 55s | $18.5M | $59.5M | 20x |
Perpl HYPE
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Perpl. 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
- $20.16
- Price spread: +0.084% → +0.022%
- $6.18
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $12.54
- Costs to cover
- 0.138%
- Break-even
- 2.6 days
Slippage unknown: Perpl: no order-book sample; Lighter: live order book, 4 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.71 bp | 0.7 bp −$1 | 2.1 bp −$21 | 9.6 bp −$958 | 37.8 bp −$18.9K |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1104% | 1h | 93.433 | −0.032% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0256% | 1h | 93.449 | −0.015% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0249% | 1h | 93.370 | −0.100% | $701K | $941K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.512 | +0.052% | $89K | $348K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.414 | −0.052% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0025% | 1h | 93.459 | −0.004% | $112K | $583K | 20x | as long as short |
| Derive HYPE-PERP | −0.0003% | 1h | 93.437 | −0.027% | $16.4M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.485 | +0.023% | $127K | $32K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.463 | long leg | $23K | $337K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.518 | +0.058% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Derive HYPE-PERP
dYdX HYPE-USD
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 | 93.512 | +0.053% | $8.9M | $35.9M | 300x | as long as short |
| Gate HYPE_USDT | +0.0028% | 4h | 93.529 | +0.071% | $44.1M | $56.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0037% | 8h | 93.512 | +0.052% | $325.8M | $287.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.464 | +0.001% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0070% | 4h | 93.491 | +0.030% | $180K | $529K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.485 | +0.024% | $57K | $1.2M | 50x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 93.542 | +0.084% | $18.5M | $59.5M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.517 | +0.058% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.462 | −0.001% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.490 | +0.029% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.484 | +0.023% | $6.0M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.560 | +0.104% | $2.04B | $668.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.491 | +0.030% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.531 | +0.072% | $385.7M | $888.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.511 | +0.051% | $114.9M | $315.5M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.458 | −0.005% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | −0.065% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.542 | +0.085% | $92.8M | $82.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.498 | +0.037% | $46.4M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.541 | +0.083% | $227.2M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.534 | +0.076% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.575 | +0.120% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.402 | −0.066% | $28.9M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.494 | +0.034% | $7.5M | $45.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.482 | +0.020% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.470 | +0.007% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.497 | +0.036% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.512 | +0.052% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.508 | +0.048% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.531 | +0.073% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.490 | +0.029% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.504 | +0.044% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.506 | +0.046% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.509 | +0.049% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.336 | −0.135% | $5.1M | $29.5M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0116% | 8h | 93.598 | +0.144% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.400 | −0.067% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.484 | +0.023% | $78K | $158K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0274% | 1h | 93.585 | +0.131% | $7.4M | $4.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.350 | −0.121% | $30K | $231K | 12x | as long as short |
| HTX HYPE-USDT | +0.0338% | 4h | 93.662 | +0.213% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0164% | 1h | 93.519 | +0.060% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.449 | −0.015% | $17.1M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.557 | +0.101% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.599 | +0.146% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Popdex HYPEUSDT
Lighter RH HYPE
Paradex HYPE-USD-PERP
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
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
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD