Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.049%
Price spread now: Hyperliquid against Lighter−0.063%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$990.993% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.063%, 7d avg +0.063%
=Together, before fees+0.274%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$27 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 0.126% cheaper against Lighter than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SPX | 0.5080 | 0.0096 | pay 0.0012% / 1h | 44m 21s | $127K | $314K | 5x |
| Short | Hyperliquid SPX | 0.5077 | 0.0100 | get 0.0013% / 1h | 44m 21s | $9.9M | $7.9M | 5x |
Lighter SPX
Hyperliquid SPXFunding 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: −0.063% → +0.063%
- −$12.56
- Slippage, 4 orders
- −$90.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$111.06
- Costs to cover
- 0.993%
- Break-even
- 932.5 days
Slippage from Lighter: live order book, 20 min ago; Hyperliquid: live order book, 8 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 Lighter live order book, 20 min ago | 31.23 bp | 31.4 bp −$31 | 87.9 bp −$879 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 3.95 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
SPX on 19 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 SPX | +0.0033% | 4h | 0.5072 | −0.171% | $839K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.996% | $9 | $4K | 5.5x | as long as short |
| Lighter SPXlong | +0.0096% | 1h | 0.5080 | long leg | $127K | $314K | 5x | |
| Hyperliquid SPXshort | +0.0100% | 1h | 0.5077 | −0.063% | $9.9M | $7.9M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5083 | +0.052% | $128K | $110K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5080 | −0.008% | $5.0M | $21.2M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5074 | −0.126% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5080 | −0.008% | $964K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5079 | −0.028% | $1.1M | $509K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5083 | +0.051% | $11.2M | $4.7M | 100x | as long as short |
Variational Omni SPX
Injective SPX/USDC PERP
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5081 | +0.012% | $3.7M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5079 | −0.028% | $2.6M | $1.5M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5080 | −0.008% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5062 | −0.362% | $45K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5083 | +0.051% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5066 | −0.283% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5073 | −0.137% | $33K | $270K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5081 | +0.012% | $250K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.0963% | 1h | 0.5086 | +0.114% | $247K | $556K | 20x | as long as short |
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT
Kraken Futures PF_SPXUSD