Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter against SoDEX0.000%7-day average +0.041% · 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−$20as in the Price arb table
costs, in and out, $10k−$160.155% of the position
Funding, last 3 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now 0.000%, 7d avg +0.041%
=Together, before fees+0.155%+ Points / potential airdropLighter: Season 3 · farm board+$16 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: Lighter is 0.041% cheaper against SoDEX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HYPE-USD | 92.273 | 0.0100 | pay 0.0013% / 1h | 44m 04s | $2.0M | $2.0M | 10x |
| Short | Lighter HYPE | 92.273 | 0.0096 | get 0.0012% / 1h | 44m 04s | $16.0M | $62.3M | 20x |
SoDEX HYPE-USD
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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: 0.000% → +0.041%
- −$4.05
- Slippage, 4 orders
- −$7.5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.4
- Costs to cover
- 0.155%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 5 min ago; Lighter: live order book, 10 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 SoDEX live order book, 5 min ago | 0.05 bp | 7.2 bp −$7 | 12.0 bp −$120 | 101.0 bp −$10.1K | doesn't fit |
| Sell Lighter live order book, 10 min ago | 0.44 bp | 0.4 bp $0 | 2.5 bp −$25 | 10.3 bp −$1,031 | 39.4 bp −$19.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.241 | −0.035% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0568% | 1h | 92.240 | −0.035% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0155% | 1h | 92.323 | +0.054% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0128% | 1h | 92.288 | +0.016% | $85K | $353K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.202 | −0.077% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0070% | 4h | 92.240 | −0.036% | $157K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0060% | 1h | 92.260 | −0.014% | $110K | $579K | 20x | as long as short |
| Aster HYPEUSDT | −0.0012% | 4h | 92.275 | +0.002% | $8.7M | $36.4M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.238 | −0.038% | $126K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.292 | +0.021% | $22K | $310K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.278 | +0.005% | $61K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0019% | 1h | 92.200 | −0.079% | $696K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0030% | 4h | 92.298 | +0.027% | — | $53.3M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.430 | +0.170% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 92.312 | +0.042% | $315.8M | $281.0M | 75x | as long as short |
| Gate HYPE_USDT | +0.0052% | 4h | 92.308 | +0.038% | $44.3M | $54.8M | 75x | as long as short |
| Derive HYPE-PERP | +0.0060% | 1h | 92.227 | −0.049% | $16.0M | $7.5M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0061% | 8h | 92.305 | +0.035% | $12.5M | $2.7M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0074% | 4h | 92.311 | +0.041% | $87.1M | $80.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0075% | 4h | 92.338 | +0.070% | $370.2M | $898.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 92.332 | +0.064% | $112.8M | $301.6M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0078% | 4h | 92.205 | −0.074% | $4.9M | $29.5M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.293 | +0.022% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0091% | 8h | 92.292 | +0.020% | $338K | $163K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0094% | 1h | 92.216 | −0.062% | $337K | $1.0M | 50x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 92.273 | 0.000% | $16.0M | $62.3M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.294 | +0.023% | $3.1M | $11.7M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 92.257 | −0.018% | $390K | $164K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.260 | −0.014% | $23K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.296 | +0.025% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.347 | +0.080% | $2.01B | $664.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.285 | +0.013% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.245 | −0.030% | $201K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.274 | +0.001% | $45.8M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.328 | +0.060% | $224.0M | $98.3M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.290 | +0.018% | $7.3M | $10.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.158 | −0.125% | $28.3M | $57.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.327 | +0.059% | $7.5M | $45.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.228 | −0.049% | $662K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.321 | +0.052% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.304 | +0.034% | $475K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.340 | +0.073% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDlong | +0.0100% | 1h | 92.273 | long leg | $2.0M | $2.0M | 10x | |
| HTX HYPE-USDT | +0.0100% | 4h | 92.455 | +0.197% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.303 | +0.033% | $18.1M | $43.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.170 | −0.112% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.370 | +0.105% | $4.7M | $5.5M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0206% | 1h | 92.230 | −0.047% | $78K | $169K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 92.294 | +0.023% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0261% | 1h | 92.317 | +0.048% | $78K | $140K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0299% | 4h | 92.165 | −0.117% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0329% / S −0.0153% | 1h | 92.284 | +0.012% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0333% | 1h | 92.343 | +0.076% | $20.5M | $30.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0617% | 1h | 92.362 | +0.096% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.361 | +0.095% | $3.1M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Derive HYPE-PERP
Phemex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
ApeX Omni HYPEUSDT
Lighter RH HYPE
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Bluefin HYPE-PERP
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC