NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Hyperliquid+0.191%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.191% dearer against Hyperliquid than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NOT	0.0005090	0.0100	pay 0.0013% / 1h	44m 25s	$372K	$50K	3x
Short	Lighter 1000NOT	0.0005100	0.0096	get 0.0012% / 1h	44m 25s	$11K	$5K	3x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$0.84
Price spread: +0.191% → 0.000%: $19.06
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $9.22
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 5 min ago; Lighter: no order-book sample. 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, 5 min ago	9.81 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NOT on 16 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
Kraken Futures PF_NOTUSD	−0.0333%	1h	0.0005088	−0.037%	$50K	$10K	10x	as long as short
Gate NOT_USDT	−0.0290%	4h	0.0005089	−0.020%	$141K	$78K	50x	as long as short
Variational Omni NOT	−0.0097%	4h	0.0005078	−0.232%	$72K	$39K	—	as long as short
Bybit NOTUSDT	+0.0006%	4h	0.0005082	−0.157%	$2.1M	$828K	25x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.244%	$1K	$13K	5.5x	as long as short
Lighter 1000NOTshort	+0.0096%	1h	0.0005100	+0.191%	$11K	$5K	3x
BloFin NOT-USDT	+0.0097%	4h	0.0005087	−0.059%	$112K	$17K	50x	as long as short
Hyperliquid NOTlong	+0.0100%	1h	0.0005090	long leg	$372K	$50K	3x
Aster NOTUSDT	+0.0100%	4h	0.0005090	+0.002%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005087	−0.053%	$2.1M	$3.1M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005089	−0.020%	$632K	$612K	20x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005089	−0.020%	$1.4M	$461K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005082	−0.157%	$464K	$136K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005092	+0.039%	$668K	$389K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005083	−0.138%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005090	+0.003%	$4K	$491	5x	as long as short