STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Hyperliquid against Lighter−0.451%7-day average −0.067% · you buy dearer than you sell

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 7 days+0.903%+$90 on $10k

Price spread, last 4 days (all we have)+0.415%+$42 · spread now −0.451%, 7d avg −0.067%

Together, before fees+1.319%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$132 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 0.384% cheaper against Lighter than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STABLE	0.02505	0.0096	pay 0.0012% / 1h	37m 00s	$115K	$3K	3x
Short	Hyperliquid STABLE	0.02494	0.0100	get 0.0013% / 1h	37m 00s	$880K	$227K	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 −0.451%Rate

Funding earned: $0.84
Price spread: −0.451% → −0.067%: −$38.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$46.6
Costs to cover: 0.090%
Break-even: 395.3 days

Slippage unknown: Lighter: live order book, 23 min ago; Hyperliquid: live order book, 33 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, 23 min ago	140.00 bp	206.1 bp −$206	338.4 bp −$3,384	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 33 min ago	2.03 bp	24.8 bp −$25	doesn't fit	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
BloFin STABLE-USDT	+0.0049%	4h	0.02495	−0.415%	$113K	$7K	75x	as long as short
Aster STABLEUSDT	+0.0068%	4h	0.02492	−0.543%	$19K	$6K	20x	as long as short
Lighter STABLElong	+0.0096%	1h	0.02505	long leg	$115K	$3K	3x
Hyperliquid STABLEshort	+0.0100%	1h	0.02494	−0.451%	$880K	$227K	3x
Binance STABLEUSDT	+0.0100%	4h	0.02493	−0.485%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02496	−0.371%	$1.5M	$755K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02495	−0.415%	$205K	$409K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02494	−0.455%	$172K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02492	−0.535%	$665K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	−0.255%	$180K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02494	−0.455%	$294K	$115K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02492	−0.535%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02490	−0.627%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02490	−0.619%	$2K	$668K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02490	−0.632%	$12K	$175K	10x	as long as short