Funding you earn now, next payment 04:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.093%
Price spread now: Hyperliquid against Lighter+0.020%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.020%, 7d avg +0.110%
=Together, before fees+0.342%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.090% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.110%). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9781 | 0.0096 | pay 0.0012% / 1h | 30m 45s | $159K | $486K | 5x |
| Short | Hyperliquid ICP | 2.9787 | 0.0224 | get 0.0028% / 1h | 30m 45s | $4.6M | $4.9M | 5x |
Lighter ICP
Hyperliquid ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $26.81
- Price spread: +0.020% → +0.110%
- −$9.02
- Slippage, 4 orders
- −$31.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$23.05
- Costs to cover
- 0.408%
- Break-even
- 13.0 days
Slippage from Lighter: live order book, 19 min ago; Hyperliquid: live order book, 1 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 Lighter live order book, 19 min ago | 0.68 bp | 17.4 bp −$17 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 0.84 bp | 10.9 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9759 | −0.073% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9720 | −0.205% | $265 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9722 | −0.196% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.390% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0091% | 8h | 2.9705 | −0.256% | $1.1M | $116K | — | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9781 | long leg | $159K | $486K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9747 | −0.115% | $271K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9763 | −0.059% | $135K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9769 | −0.041% | $29.2M | $51.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9750 | −0.104% | $17.2M | $18.3M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9750 | −0.104% | $5.7M | $16.4M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9740 | −0.138% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9760 | −0.071% | $19.8M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9760 | −0.071% | $4.9M | $12.7M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9770 | −0.037% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9760 | −0.071% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9492 | −0.970% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9501 | −0.939% | $571K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9740 | −0.138% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9690 | −0.306% | $104K | $156K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9710 | −0.238% | $1.8M | $791K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9761 | −0.066% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9690 | −0.306% | $1.2M | $2.2M | 75x | as long as short |
| Hyperliquid ICPshort | +0.0224% | 1h | 2.9787 | +0.020% | $4.6M | $4.9M | 5x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9760 | −0.071% | $67K | $60K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0536% / S −0.0528% | 1h | 2.9726 | −0.184% | $40K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0567% | 1h | 2.9742 | −0.131% | $522K | $605K | 50x | as long as short |
OKX ICP-USDT-SWAP
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