Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.174%
Price spread now: Hyperliquid against Lighter+0.073%7-day average +0.163% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.425%+$43 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.073%, 7d avg +0.163%
=Together, before fees+0.375%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$37 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: Hyperliquid is 0.090% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.163%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SKY | 0.06868 | 0.0096 | pay 0.0012% / 1h | 43m 30s | $179K | $118K | 10x |
| Short | Hyperliquid SKY | 0.06873 | 0.0100 | get 0.0013% / 1h | 43m 30s | $2.8M | $908K | 3x |
Lighter SKY
Hyperliquid SKYFunding 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
- $0.84
- Price spread: +0.073% → +0.163%
- −$8.98
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.14
- Costs to cover
- 0.090%
- Break-even
- 149.9 days
Slippage unknown: Lighter: live order book, 51 min ago; Hyperliquid: live order book, 8 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, 51 min ago | 12.97 bp | 17.9 bp −$18 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 3.70 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
SKY on 18 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 SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.358% | $376 | $303K | 12x | as long as short |
| Variational Omni SKY | +0.0077% | 4h | 0.06863 | −0.074% | $183K | $113K | — | as long as short |
| Lighter SKYlong | +0.0096% | 1h | 0.06868 | long leg | $179K | $118K | 10x | |
| Nado SKY-PERP | +0.0100% | 1h | 0.06860 | −0.115% | $75K | $32K | 5x | as long as short |
| Hyperliquid SKYshort | +0.0100% | 1h | 0.06873 | +0.073% | $2.8M | $908K | 3x | |
| Aster SKYUSDT | +0.0100% | 4h | 0.06864 | −0.058% | $42K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06862 | −0.093% | $15.7M | $11.0M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06856 | −0.181% | $7.2M | $3.2M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06859 | −0.137% | $816K | $1.1M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06861 | −0.108% | $583K | $287K | 50x | as long as short |
Injective SKY/USDC PERP
Variational Omni SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06861 | −0.108% | $1.0M | $261K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06870 | +0.023% | $403K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06866 | −0.035% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06865 | −0.050% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06874 | +0.082% | $27K | $649K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06874 | +0.087% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDT | +0.0151% | 4h | 0.06873 | +0.067% | $584K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06860 | −0.118% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]