Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h −0.011%
Price spread now: Lighter RH against Hyperliquid−0.046%7-day average +0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.046%, 7d avg +0.034%
=Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.034%). If the spread goes back, that is −$8 on $10k: about 4.4 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LIT | 4.7471 | 0.0100 | pay 0.0013% / 1h | 41m 46s | $212.2M | $40.7M | 5x |
| Short | Lighter RH LIT | 4.7449 | 0.0160 | get 0.0020% / 1h | 41m 46s | $3.7M | $13.0M | 5x |
Hyperliquid LIT
Lighter RH LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $12.6
- Price spread: −0.046% → +0.034%
- −$8.01
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$4.41
- Costs to cover
- 0.090%
- Break-even
- 9.4 days
Slippage unknown: Hyperliquid: live order book, 12 min ago; 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 Hyperliquid live order book, 12 min ago | 0.21 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.85 bp | 6.5 bp −$7 | 17.0 bp −$170 | doesn't fit | doesn't fit |
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0448% | 1h | 4.7300 | −0.360% | $612K | $358K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0384% | 4h | 4.7318 | −0.322% | $32K | $1K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0312% | 1h | 4.7297 | −0.367% | $31K | $5K | 5x | as long as short |
| Phemex LITUSDT | −0.0298% | 4h | 4.7380 | −0.192% | $1.4M | $2.8M | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0218% | 4h | 4.7321 | −0.316% | $897K | $1.8M | 10x | as long as short |
| Bullet LIT-USD | −0.0156% | 1h | 4.7358 | −0.237% | $85K | $68K | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0143% | 4h | 4.7339 | −0.278% | $25.4M | $60.7M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0134% | 1h | 4.7387 | −0.177% | $42K | $40K | 10x | as long as short |
| Bybit LITUSDT | −0.0122% | 4h | 4.7360 | −0.234% | $41.3M | $28.6M | 75x | as long as short |
| Phoenix LIT | −0.0017% | 1h | 4.7396 | −0.158% | $204K | $283K | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
GRVT LIT_USDT_Perp
Bullet LIT-USD
OKX LIT-USDT-SWAP
Deribit LIT_USDC-PERPETUAL
Bybit LITUSDT
Phoenix LITShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx LIT/USDC | −0.0012% | 1h | 4.7356 | −0.242% | $818K | $2.2M | 5x | as long as short |
| KuCoin LITUSDTM | −0.0008% | 4h | 4.7368 | −0.217% | $5.3M | $1.0M | 30x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7373 | −0.207% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.7390 | −0.171% | $11K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.199% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0092% | 8h | 4.7309 | −0.340% | $7K | $2K | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7418 | −0.112% | $59.1M | $27.7M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7316 | −0.328% | $2.2M | $1.6M | 10x | as long as short |
| Hyperliquid LITlong | +0.0100% | 1h | 4.7471 | long leg | $212.2M | $40.7M | 5x | |
| Pacifica LIT | +0.0100% | 1h | 4.7366 | −0.222% | $573K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.7350 | −0.255% | $76.0M | $77.5M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7373 | −0.206% | $119K | $457K | 5x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.7370 | −0.213% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.7359 | −0.236% | $5.8M | $3.8M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7380 | −0.192% | $6.8M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7395 | −0.160% | $664K | $1.1M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.7412 | −0.125% | $290K | $305K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7340 | −0.276% | $57K | $74K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7370 | −0.213% | $445K | $86K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7399 | −0.152% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7320 | −0.318% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7379 | −0.194% | $1K | $351K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7384 | −0.183% | $200K | $348K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7306 | −0.348% | $118K | $7K | 10x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7343 | −0.270% | $5.2M | $4.9M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7370 | −0.212% | $148K | — | 3x | as long as short |
| Lighter RH LITshort | +0.0160% | 1h | 4.7449 | −0.046% | $3.7M | $13.0M | 5x | |
| Aster LITUSDT | +0.0209% | 4h | 4.7392 | −0.166% | $12.7M | $1.9M | 50x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.7290 | −0.381% | $1.6M | $1.9M | 75x | as long as short |
| Aftermath Perps LITUSD | +0.0413% | 1h | 4.7404 | −0.142% | $8K | $204K | 10x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0439% / S −0.0231% | 1h | 4.7382 | −0.188% | $66K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.7386 | −0.178% | $31K | $705K | 33x | as long as short |
RISEx LIT/USDC
KuCoin LITUSDTM
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Lighter LIT
Nado LIT-PERP
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Extended LIT-USD
Aevo LIT-PERP
Aster LITUSDT
BloFin LIT-USDT
Aftermath Perps LITUSD
GMX LIT/USD [ETH-USDC]
Perpl LIT