Funding you earn now, next payment 02:00 UTC+0.0983%/8h= +107.6% APRnext payment +$1.23 per $10,000 · paid last 24h +0.136%
Price spread now: Hyperliquid against Lighter+0.159%7-day average +0.113% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.159%, 7d avg +0.113%
=Together, before fees−0.155%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.046% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.113%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.23 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 | Lighter POPCAT | 0.05600 | 0.0096 | pay 0.0012% / 1h | 7m 12s | $101K | $52K | 10x |
| Short | Hyperliquid POPCAT | 0.05609 | 0.1079 | get 0.0135% / 1h | 7m 12s | $2.6M | $1.0M | 3x |
Lighter POPCAT
Hyperliquid POPCATFunding 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
- $206.4
- Price spread: +0.159% → +0.113%
- $4.6
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $202.01
- Costs to cover
- 0.090%
- Break-even
- 0.1 days
Slippage unknown: Lighter: live order book, 33 min ago; Hyperliquid: live order book, 4 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 Lighter live order book, 33 min ago | 19.74 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.23 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.5000% | 1h | 0.05524 | −1.357% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05598 | −0.039% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0018% | 4h | 0.05583 | −0.303% | $506K | $161K | — | as long as short |
| Lighter POPCATlong | +0.0096% | 1h | 0.05600 | long leg | $101K | $52K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05606 | +0.105% | $2.3M | $6.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05588 | −0.214% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05598 | −0.036% | $691K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05592 | −0.143% | $447K | $639K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05604 | +0.071% | $1.8M | $976K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05596 | −0.071% | $1.1M | $991K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05596 | −0.071% | $1.2M | $938K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05594 | −0.107% | — | $6.7M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05600 | −0.008% | $245K | $496K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05580 | −0.357% | $22K | $658K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05598 | −0.041% | $96K | $526K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0636% | 1h | 0.05600 | +0.002% | $150K | $148K | 20x | as long as short |
| Hyperliquid POPCATshort | +0.1079% | 1h | 0.05609 | +0.159% | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD