Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRnext payment +$0.38 per $10,000 · paid last 24h +0.061%
Price spread now: Lighter against Hyperliquid+0.159%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.159%, 7d avg +0.025%
=Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.134% dearer against Hyperliquid than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MNT | 0.6473 | 0.0100 | pay 0.0013% / 1h | 4m 48s | $6.6M | $879K | 5x |
| Short | Lighter MNT | 0.6483 | 0.0408 | get 0.0051% / 1h | 4m 48s | $142K | $75K | 5x |
Hyperliquid MNT
Lighter MNTFunding 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
- $64.68
- Price spread: +0.159% → +0.025%
- $13.42
- Slippage, 4 orders
- −$74.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.95
- Costs to cover
- 0.831%
- Break-even
- 7.5 days
Slippage from Hyperliquid: live order book, 7 min ago; Lighter: live order book, 35 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 Hyperliquid live order book, 7 min ago | 1.62 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 35 min ago | 11.44 bp | 17.0 bp −$17 | 93.8 bp −$938 | doesn't fit | doesn't fit |
MNT on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MNT/USD [ETH-USDC] | L −0.2622% / S +0.0192% | 1h | 0.6467 | −0.096% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0565% | 1h | 0.6466 | −0.108% | $16K | $28K | 20x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6467 | −0.093% | $776 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +0.819% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNTlong | +0.0100% | 1h | 0.6473 | long leg | $6.6M | $879K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6462 | −0.162% | $42.3M | $14.7M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6446 | −0.417% | $434K | $175K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6459 | −0.216% | $2.4M | $106K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6461 | −0.185% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6462 | −0.164% | $287K | $111K | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDT
Variational Omni MNTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6466 | −0.108% | $11K | $640K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6459 | −0.216% | $1K | — | 10x | as long as short |
| Backpack MNT_USDC_PERP | +0.0127% | 1h | 0.6463 | −0.154% | $40K | $55K | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6469 | −0.062% | $90K | $214K | 25x | as long as short |
| Lighter MNTshort | +0.0408% | 1h | 0.6483 | +0.159% | $142K | $75K | 5x |
ApeX Omni MNTUSDT
Orderly PERP_MNT_USDC
Backpack MNT_USDC_PERP
BloFin MNT-USDT