SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Hyperliquid−0.280%7-day average — · you buy dearer than you sell

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 0.280% cheaper against Hyperliquid than usual: you would sell low and buy high, −$28 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 SKR	0.02068	0.0100	pay 0.0013% / 1h	15m 29s	$1.3M	$805K	3x
Short	Lighter SKR	0.02062	0.0096	get 0.0012% / 1h	15m 29s	$9K	$21K	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 −0.280%Rate

Funding earned: −$0.84
Price spread: −0.280% → 0.000%: −$28.05
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.89
Costs to cover: 0.090%
Break-even: never at this rate

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	0.24 bp	4.7 bp −$5	5.6 bp −$56	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.

SKR 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
BloFin SKR-USDT	−0.0140%	4h	0.02064	−0.208%	$233K	$160K	20x	as long as short
Lighter SKRshort	+0.0096%	1h	0.02062	−0.280%	$9K	$21K	3x
Hyperliquid SKRlong	+0.0100%	1h	0.02068	long leg	$1.3M	$805K	3x
Aster SKRUSDT	+0.0100%	4h	0.02065	−0.154%	$28K	$34K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02066	−0.069%	$3.5M	$13.3M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02068	−0.010%	$4.4M	$5.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02065	−0.116%	$1.0M	$554K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02066	−0.106%	$4.3M	$473K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02064	−0.193%	$648K	$723K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02067	−0.048%	$1.5M	$1.3M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02066	−0.097%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02060	−0.397%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02063	−0.227%	$13K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0219%	1h	0.02064	−0.203%	$50K	$192K	5x	as long as short
Phoenix SKR	+0.1918%	1h	0.02063	−0.247%	$4K	$10K	3x	as long as short