Funding you earn now, next payment 22:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.036%
Price spread now: Hyperliquid against Lighter−0.182%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.182%, 7d avg +0.033%
=Together, before fees+0.266%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hyperliquid is 0.215% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter STRK | 0.04404 | 0.0256 | pay 0.0032% / 1h | 13m 54s | $272K | $542K | 5x |
| Short | Hyperliquid STRK | 0.04396 | 0.0100 | get 0.0013% / 1h | 13m 54s | $15.1M | $7.3M | 5x |
Lighter STRK
Hyperliquid STRKFunding 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
- −$32.76
- Price spread: −0.182% → +0.033%
- −$21.47
- Slippage, 4 orders
- −$64.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$127.85
- Costs to cover
- 0.736%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; Hyperliquid: live order book, 9 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, 1 min ago | 9.06 bp | 19.9 bp −$20 | 60.6 bp −$606 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.13 bp | 11.2 bp −$11 | 32.7 bp −$327 | doesn't fit | doesn't fit |
STRK on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International STRK-PERP-INTX | −0.0352% | 1h | 0.04386 | −0.409% | $63K | $95K | 25x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04400 | −0.100% | $21K | $24K | 5x | as long as short |
| Deribit STRK_USDC-PERPETUAL | 0.0000% | 1h | 0.04397 | −0.159% | $8K | $24K | 25x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +15.123% | $3K | $38K | 5.5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04396 | −0.185% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRKshort | +0.0100% | 1h | 0.04396 | −0.182% | $15.1M | $7.3M | 5x | |
| Aster STRKUSDT | +0.0100% | 4h | 0.04392 | −0.267% | $35K | $363K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04399 | −0.102% | $44K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04391 | −0.300% | $12.7M | $50.2M | 75x | as long as short |
| Bybit STRKUSDT | +0.0100% | 4h | 0.04388 | −0.363% | $15.4M | $21.3M | 50x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Deribit STRK_USDC-PERPETUAL
Injective STRK/USDC PERP
Paradex STRK-USD-PERP
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDT
Bybit STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04389 | −0.341% | $4.9M | $23.7M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04390 | −0.318% | $589K | $1.5M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04392 | −0.272% | $11.6M | $2.2M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04390 | −0.318% | $1.5M | $1.9M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04389 | −0.336% | $3.1M | $4.1M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04388 | −0.363% | — | $25.9M | — | as long as short |
| Backpack STRK_USDC_PERP | +0.0100% | 1h | 0.04392 | −0.272% | $25K | $152K | 10x | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04401 | −0.073% | $359K | $1.7M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04407 | +0.069% | $190K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04491 | +1.975% | $2K | $817K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04389 | −0.343% | $121K | $626K | 10x | as long as short |
| BloFin STRK-USDT | +0.0123% | 4h | 0.04401 | −0.068% | $785K | $726K | 75x | as long as short |
| Lighter STRKlong | +0.0256% | 1h | 0.04404 | long leg | $272K | $542K | 5x | |
| Kraken Futures PF_STRKUSD | +0.0338% | 1h | 0.04401 | −0.074% | $468K | $491K | 20x | as long as short |
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDT
Backpack STRK_USDC_PERP
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
BloFin STRK-USDT
Kraken Futures PF_STRKUSD