STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.013%

Price spread now: Lighter against Hyperliquid+0.518%7-day average +0.061% · you sell dearer than you buy

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 7 days−0.909%−$91 on $10k

Price spread, last 4 days (all we have)−0.482%−$48 · spread now +0.518%, 7d avg +0.061%

Together, before fees−1.391%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$139 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 0.457% dearer against Hyperliquid than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STABLE	0.02472	0.0100	pay 0.0013% / 1h	2m 42s	$872K	$226K	3x
Short	Lighter STABLE	0.02485	0.0096	get 0.0012% / 1h	2m 42s	$114K	$3K	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 +0.518%Rate

Funding earned: −$0.84
Price spread: +0.518% → +0.061%: $45.68
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $35.84
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 7 min ago; Lighter: live order book, 70 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 Hyperliquid live order book, 7 min ago	2.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 70 min ago	185.38 bp	194.4 bp −$194	568.8 bp −$5,688	doesn't fit	doesn't fit

STABLE 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
Aster STABLEUSDT	−0.0067%	4h	0.02471	−0.052%	$19K	$7K	20x	as long as short
Lighter STABLEshort	+0.0096%	1h	0.02485	+0.518%	$114K	$3K	3x
Hyperliquid STABLElong	+0.0100%	1h	0.02472	long leg	$872K	$226K	3x
Binance STABLEUSDT	+0.0100%	4h	0.02472	−0.009%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02473	+0.040%	$1.5M	$751K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02471	−0.040%	$203K	$405K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02473	+0.040%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02472	0.000%	$659K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02473	+0.040%	$178K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02473	+0.040%	$292K	$115K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02473	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02467	−0.196%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02468	−0.174%	$2K	$659K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02472	−0.001%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0156%	4h	0.02465	−0.283%	$112K	$7K	75x	as long as short