Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.015%
Price spread now: Lighter against Hyperliquid+0.048%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now +0.048%, 7d avg −0.025%
=Together, before fees+0.001%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board$0 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: Lighter is 0.073% dearer against Hyperliquid than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SEI | 0.05992 | 0.0100 | pay 0.0013% / 1h | 0m 42s | $3.4M | $4.9M | 5x |
| Short | Lighter SEI | 0.05995 | 0.0096 | get 0.0012% / 1h | 0m 42s | $271K | $1.1M | 10x |
Hyperliquid SEI
Lighter SEIFunding 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
- −$0.84
- Price spread: +0.048% → −0.025%
- $7.3
- Slippage, 4 orders
- −$33.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$35.59
- Costs to cover
- 0.420%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; Lighter: live order book, 5 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, 1 min ago | 1.33 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 3.32 bp | 7.7 bp −$8 | 28.5 bp −$285 | doesn't fit | doesn't fit |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0133% | 8h | 0.05991 | −0.012% | $316K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05996 | +0.067% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0030% / S −0.0028% | 1h | 0.05995 | +0.053% | $3K | — | 100x | as long as short |
| Lighter SEIshort | +0.0096% | 1h | 0.05995 | +0.048% | $271K | $1.1M | 10x | |
| Hyperliquid SEIlong | +0.0100% | 1h | 0.05992 | long leg | $3.4M | $4.9M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.05997 | +0.087% | $313K | $360K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05993 | +0.019% | $14.6M | $126.4M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05988 | −0.068% | $14.1M | $34.4M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05987 | −0.085% | $3.4M | $36.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05989 | −0.052% | $1.1M | $3.1M | 75x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SEI_USDT | +0.0100% | 8h | 0.05991 | −0.018% | $34.9M | $27.9M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05992 | −0.002% | $6.5M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05991 | −0.018% | $9.7M | $16.6M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05990 | −0.035% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06000 | +0.132% | $107K | $649K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06013 | +0.349% | $205K | $2.4M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06020 | +0.466% | $102K | $672K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06001 | +0.149% | $2K | $131K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06009 | +0.282% | $23K | $3.9M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05990 | −0.041% | $76K | $558K | 25x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0250% | 1h | 0.06002 | +0.165% | $379 | $72K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0280% | 1h | 0.06010 | +0.299% | $43K | $230K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05999 | +0.115% | $114 | — | 20x | as long as short |
| BloFin SEI-USDT | +0.0368% | 8h | 0.06000 | +0.132% | $727K | $1.4M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0410% | 1h | 0.06003 | +0.182% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0537% | 1h | 0.06000 | +0.127% | $361K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.1324% | 1h | 0.05991 | −0.012% | $102K | $2K | 5x | as long as short |
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Deribit SEI_USDC-PERPETUAL
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD