Funding you earn now, next payment 06:40 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.021%
Price spread now: Lighter RH against Perpl+0.031%7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−1.232%−$123 · spread now +0.031%, 7d avg 0.000%
=Together, before fees−1.138%+ Points / potential airdropPerpl: Active · Lighter RH: Points live · farm board−$114 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 RH is 0.031% dearer against Perpl than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 94.436 | 0 | get 0.0000% / 43m | 31m 17s | $19K | $287K | 10x |
| Short | Lighter RH HYPE | 94.465 | 0.0096 | get 0.0012% / 1h | 42m 17s | $3.2M | $10.8M | 20x |
Perpl HYPE
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.031% → 0.000%
- $3.08
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $9.44
- Costs to cover
- 0.138%
- Break-even
- 3.7 days
Slippage unknown: Perpl: no order-book sample; Lighter RH: live order book, 2 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 RH live order book, 2 min ago | 1.01 bp | 2.9 bp −$3 | 4.5 bp −$45 | 29.9 bp −$2,989 | doesn't fit |
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 | −0.1440% | 1h | 94.200 | −0.250% | $201K | $250K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0359% | 1h | 94.428 | −0.008% | $80K | $154K | 20x | as long as short |
| Bullet HYPE-USD | −0.0155% | 1h | 94.458 | +0.024% | $112K | $576K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0142% | 1h | 94.370 | −0.070% | $712K | $1.2M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0132% | 1h | 94.475 | +0.042% | $22K | $20K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 94.467 | +0.033% | $87K | $366K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.436 | 0.000% | $3K | $331 | 25x | as long as short |
| Arcus HYPE-USD | −0.0045% | 1h | 94.442 | +0.007% | $1.0M | $3.6M | 10x | as long as short |
| Bybit HYPEUSDT | −0.0012% | 8h | 94.430 | −0.006% | $317.6M | $289.8M | 75x | as long as short |
| Derive HYPE-PERP | −0.0008% | 1h | 94.405 | −0.033% | $16.5M | $7.5M | 10x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Arcus HYPE-USD
Bybit HYPEUSDT
Derive HYPE-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 94.502 | +0.070% | $130K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.484 | +0.051% | $1.9M | $5.6M | 2.3x | as long as short |
| Phoenix HYPE | 0.0000% | 1h | 94.489 | +0.056% | $209K | $1.1M | 10x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 94.436 | long leg | $19K | $287K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.466 | +0.032% | $123K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0002% | 4h | 94.421 | −0.016% | $146K | $685K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 94.439 | +0.003% | $227.0M | $99.7M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0043% | 8h | 94.426 | −0.010% | $12.9M | $2.9M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0058% | 8h | 94.479 | +0.046% | $338K | $156K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0064% | 1h | 94.460 | +0.026% | $4.7M | $6.2M | 50x | as long as short |
| Lighter HYPE | +0.0072% | 1h | 94.450 | +0.015% | $16.3M | $64.0M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0083% | 8h | 94.425 | −0.011% | $117.8M | $324.9M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0089% | 1h | 94.521 | +0.090% | $7.4M | $4.3M | 50x | as long as short |
| Polymarket Perps HYPE-USD | +0.0093% | 1h | 94.486 | +0.053% | $496K | $2.8M | 20x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 94.499 | +0.067% | $5.0M | $30.8M | 30x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 94.465 | +0.031% | $3.2M | $10.8M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.449 | +0.014% | $81K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.470 | +0.036% | $31K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.451 | +0.017% | $7.3M | $52.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.590 | +0.163% | $2.08B | $690.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.481 | +0.048% | $8.8M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.492 | +0.060% | $10.2M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.456 | +0.021% | $378.4M | $934.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.332 | −0.110% | $218K | $12K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.458 | +0.024% | $49.7M | $56.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.466 | +0.032% | $90.5M | $82.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.468 | +0.034% | $46.7M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.435 | −0.001% | — | $53.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.466 | +0.032% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.467 | +0.033% | $29.4M | $54.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.461 | +0.027% | $7.6M | $45.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.450 | +0.015% | $369K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.471 | +0.037% | $683K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.534 | +0.104% | — | $243K | 5x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.496 | +0.064% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.440 | +0.005% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.572 | +0.144% | $1.4M | $6.8M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.406 | −0.031% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.457 | +0.022% | $399K | $159K | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0150% / S +0.0021% | 1h | 94.496 | +0.063% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0185% | 1h | 94.740 | +0.322% | $31K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0223% | 1h | 94.504 | +0.072% | $20.3M | $30.2M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0249% | 1h | 94.486 | +0.053% | $3.2M | $6.4M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0272% | 1h | 94.447 | +0.012% | $84K | $124K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.460 | +0.026% | $17.1M | $12.4M | 75x | as long as short |
dYdX HYPE-USD
Kalshi KXHYPEPERP
Phoenix HYPE
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Coinbase International HYPE-PERP-INTX
Lighter HYPE
OKX HYPE-USDT-SWAP
Deribit HYPE_USDC-PERPETUAL
Polymarket Perps HYPE-USD
edgeX HYPEUSDC
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC
Reya HYPERUSDPERP
BloFin HYPE-USDT