SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Hyperliquid against Lighter+0.211%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Hyperliquid

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 airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.211% dearer against Lighter than usual: you sell high and buy low, +$21 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	Lighter SKR	0.02135	0.0096	pay 0.0012% / 1h	37m 37s	$14K	$17K	3x
Short	Hyperliquid SKR	0.02139	0.0100	get 0.0013% / 1h	37m 37s	$1.4M	$730K	3x

Funding 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 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 LighterbpFee HyperliquidbpOrdersPrice spread, now +0.211%Rate

Funding earned: $0.84
Price spread: +0.211% → 0.000%: $21.08
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $12.92
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 3 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 no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	2.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.02140	+0.239%	$240K	$153K	20x	as long as short
Lighter SKRlong	+0.0096%	1h	0.02135	long leg	$14K	$17K	3x
Hyperliquid SKRshort	+0.0100%	1h	0.02139	+0.211%	$1.4M	$730K	3x
Aster SKRUSDT	+0.0100%	4h	0.02137	+0.096%	$27K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02139	+0.189%	$3.6M	$11.7M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02141	+0.276%	$4.6M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02140	+0.253%	$1.0M	$531K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02139	+0.178%	$4.4M	$489K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02140	+0.258%	$693K	$686K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02139	+0.192%	$1.5M	$1.1M	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	0.02141	+0.276%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02134	−0.056%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02134	−0.047%	$14K	$37K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0145%	1h	0.02137	+0.108%	$51K	$231K	5x	as long as short
Phoenix SKR	+0.1507%	1h	0.02125	−0.478%	$4K	$10K	3x	as long as short