Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.025%
Price spread now: Hyperliquid against Lighter+0.039%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$960.958% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.039%, 7d avg +0.080%
=Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$11 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: Hyperliquid is 0.041% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter JTO | 0.5128 | 0.0096 | pay 0.0012% / 1h | 32m 37s | $107K | $182K | 10x |
| Short | Hyperliquid JTO | 0.5130 | 0.0100 | get 0.0013% / 1h | 32m 37s | $7.1M | $3.2M | 5x |
Lighter JTO
Hyperliquid JTOFunding 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
- $0.84
- Price spread: +0.039% → +0.080%
- −$4.12
- Slippage, 4 orders
- −$86.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$99.06
- Costs to cover
- 0.958%
- Break-even
- 832.5 days
Slippage from Lighter: live order book, 27 min ago; Hyperliquid: 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 Lighter live order book, 27 min ago | 11.04 bp | 32.7 bp −$33 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.58 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
JTO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUAL | −0.0335% | 1h | 0.5128 | +0.010% | $13K | $11K | 10x | as long as short |
| Gate JTO_USDT | −0.0173% | 8h | 0.5121 | −0.127% | $904K | $1.5M | 75x | as long as short |
| Paradex JTO-USD-PERP | −0.0005% | 8h | 0.5124 | −0.074% | $511 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5127 | −0.003% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +8.030% | — | — | — | as long as short |
| OKX JTO-USDT-SWAP | +0.0001% | 4h | 0.5113 | −0.283% | $3.9M | $9.5M | 50x | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.013% | $31 | $43K | 5.5x | as long as short |
| Bulk JTO-USD | +0.0068% | 1h | 0.5153 | +0.497% | $56K | $1K | 10x | as long as short |
| Lighter JTOlong | +0.0096% | 1h | 0.5128 | long leg | $107K | $182K | 10x | |
| Hyperliquid JTOshort | +0.0100% | 1h | 0.5130 | +0.039% | $7.1M | $3.2M | 5x |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
OKX JTO-USDT-SWAP
Injective JTO/USDC PERP
Bulk JTO-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster JTOUSDT | +0.0100% | 4h | 0.5122 | −0.113% | $172K | $177K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5113 | −0.278% | $11.3M | $28.0M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5122 | −0.107% | $7.4M | $13.9M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5121 | −0.127% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5133 | +0.103% | $1.6M | $631K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5119 | −0.166% | $2.5M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5118 | −0.185% | — | $67.9M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5141 | +0.262% | $226K | $303K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5128 | +0.010% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5112 | −0.302% | $521K | $854K | 10x | as long as short |
| Backpack JTO_USDC_PERP | +0.0117% | 1h | 0.5135 | +0.142% | $225K | $472K | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0223% / S −0.2181% | 1h | 0.5130 | +0.058% | $2K | — | 50x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0225% | 1h | 0.5134 | +0.118% | $347K | $312K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0296% | 1h | 0.5172 | +0.868% | $57K | $116K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5126 | −0.029% | $629K | $614K | 75x | as long as short |
| Phoenix JTO | +0.0465% | 1h | 0.5138 | +0.205% | $369K | $266K | 5x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
Backpack JTO_USDC_PERP
GMX JTO/USD [WBTC.b-USDC]
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Phoenix JTO