Funding you earn now, next payment 02:00 UTC−0.0299%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.102%
Price spread now: Lighter against Hyperliquid−0.080%7-day average −0.114% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.236%−$24 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.080%, 7d avg −0.114%
=Together, before fees−0.262%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.034% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.114%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.236% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 3.0009 | 0.0467 | pay 0.0058% / 1h | 55m 50s | $4.8M | $5.1M | 5x |
| Short | Lighter ICP | 2.9985 | 0.0168 | get 0.0021% / 1h | 55m 50s | $167K | $485K | 5x |
Hyperliquid ICP
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- −$62.81
- Price spread: −0.080% → −0.114%
- $3.36
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$68.45
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; 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 Hyperliquid live order book, 6 min ago | 1.98 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.15 bp | 3.9 bp −$4 | 30.8 bp −$308 | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.0031% | 8h | 2.9910 | −0.329% | $1.1M | $118K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0017% | 1h | 2.9944 | −0.217% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9958 | −0.171% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9940 | −0.230% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.146% | $202 | $200K | 12x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9983 | −0.086% | $331K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9967 | −0.139% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9956 | −0.176% | $29.9M | $53.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9960 | −0.163% | $17.7M | $18.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9960 | −0.163% | $6.0M | $16.9M | 50x | as long as short |
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ICP_USDT | +0.0100% | 8h | 2.9950 | −0.197% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9970 | −0.130% | $19.1M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9970 | −0.130% | $5.0M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9960 | −0.163% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9980 | −0.097% | — | $5.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0185 | +0.588% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0197 | +0.628% | $583K | $479K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.197% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9970 | −0.130% | $105K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0020 | +0.037% | $1.8M | $781K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9969 | −0.134% | $22K | $128K | 10x | as long as short |
| Lighter ICPshort | +0.0168% | 1h | 2.9985 | −0.080% | $167K | $485K | 5x | |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0080 | +0.237% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0130 | +0.403% | $63K | $66K | 50x | as long as short |
| Hyperliquid ICPlong | +0.0467% | 1h | 3.0009 | long leg | $4.8M | $5.1M | 5x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 2.9934 | −0.250% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0896% | 1h | 2.9971 | −0.125% | $543K | $618K | 50x | as long as short |
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD