Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid+0.032%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.032%, 7d avg −0.023%
=Together, before fees−0.076%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$8 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 0.055% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TIA | 0.4377 | 0.0100 | pay 0.0013% / 1h | 40m 56s | $4.5M | $1.5M | 5x |
| Short | Lighter TIA | 0.4379 | 0.0096 | get 0.0012% / 1h | 40m 56s | $139K | $359K | 10x |
Hyperliquid TIA
Lighter TIAFunding 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 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: +0.032% → −0.023%
- $5.51
- Slippage, 4 orders
- −$55.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$59.62
- Costs to cover
- 0.643%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Lighter: live order book, 24 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 Hyperliquid live order book, 11 min ago | 0.46 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 24 min ago | 1.94 bp | 16.2 bp −$16 | 91.4 bp −$914 | 333.2 bp −$33.3K | doesn't fit |
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TIA-USDT-SWAP | −0.0186% | 4h | 0.4367 | −0.233% | $2.8M | $6.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0153% | 1h | 0.4376 | −0.022% | $360K | $246K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0050% | 4h | 0.4371 | −0.142% | $4.2M | $8.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4374 | −0.073% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4376 | −0.037% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0015% | 1h | 0.4376 | −0.027% | $49K | $235K | 50x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4379 | +0.032% | $139K | $359K | 10x | |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4375 | −0.050% | $5K | $363K | 10x | as long as short |
| Bybit TIAUSDT | +0.0099% | 4h | 0.4368 | −0.210% | $9.6M | $13.0M | 50x | as long as short |
| Hyperliquid TIAlong | +0.0100% | 1h | 0.4377 | long leg | $4.5M | $1.5M | 5x |
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Orderly PERP_TIA_USDC
Bybit TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4376 | −0.037% | $34K | $249K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4370 | −0.164% | $14.5M | $41.5M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4375 | −0.050% | $981K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4371 | −0.142% | $13.2M | $6.7M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4373 | −0.096% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4371 | −0.142% | — | $99.1M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4372 | −0.128% | $103K | $152K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4376 | −0.031% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4377 | −0.005% | $58K | $68K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4368 | −0.203% | $55K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4373 | −0.092% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0117% | 1h | 0.4385 | +0.178% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4373 | −0.104% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4389 | +0.270% | $51K | $75K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4378 | +0.018% | $1.2M | $578K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0460% / S −0.3505% | 1h | 0.4375 | −0.056% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0755% | 1h | 0.4379 | +0.046% | $52K | $59 | 10x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD