Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Lighter+0.067%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.067%, 7d avg +0.023%
=Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$2 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 0.044% dearer against Lighter than usual: you sell high and buy low, +$4 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 | Lighter TIA | 0.4299 | 0.0096 | pay 0.0012% / 1h | 38m 20s | $127K | $353K | 10x |
| Short | Hyperliquid TIA | 0.4302 | 0.0100 | get 0.0013% / 1h | 38m 20s | $4.2M | $1.5M | 5x |
Lighter TIA
Hyperliquid TIAFunding 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: +0.067% → +0.023%
- $4.43
- Slippage, 4 orders
- −$42.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$45.81
- Costs to cover
- 0.511%
- Break-even
- 388.8 days
Slippage from Lighter: live order book, 45 min ago; Hyperliquid: live order book, 3 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, 45 min ago | 1.97 bp | 10.6 bp −$11 | 68.7 bp −$687 | 301.9 bp −$30.2K | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.93 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0502% | 4h | 0.4293 | −0.144% | $9.3M | $13.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0391% | 1h | 0.4299 | +0.004% | $354K | $239K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | −0.0215% | 1h | 0.4297 | −0.051% | $30K | $27K | 25x | as long as short |
| Gate TIA_USDT | −0.0134% | 4h | 0.4298 | −0.028% | $992K | $1.8M | 75x | as long as short |
| ApeX Omni TIAUSDT | −0.0128% | 1h | 0.4298 | −0.028% | $48K | $235K | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0031% | 4h | 0.4295 | −0.098% | $2.7M | $5.7M | 50x | as long as short |
| Backpack TIA_USDC_PERP | −0.0028% | 1h | 0.4295 | −0.105% | $102K | $151K | 10x | as long as short |
| KuCoin TIAUSDTM | −0.0024% | 4h | 0.4294 | −0.121% | $4.1M | $8.6M | 50x | as long as short |
| Variational Omni TIA | −0.0018% | 4h | 0.4296 | −0.074% | $96K | $81K | — | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4300 | +0.010% | $1K | — | 150x | as long as short |
Bybit TIAUSDT
Kraken Futures PF_TIAUSD
Deribit TIA_USDC-PERPETUAL
Gate TIA_USDT
ApeX Omni TIAUSDT
OKX TIA-USDT-SWAP
Backpack TIA_USDC_PERP
KuCoin TIAUSDTM
Variational Omni TIA
gTrade (Gains Network) TIA/USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0092% | 4h | 0.4299 | −0.015% | $34K | $272K | 10x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4299 | long leg | $127K | $353K | 10x | |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4297 | −0.051% | $5K | $360K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4302 | +0.067% | $4.2M | $1.5M | 5x | |
| Binance TIAUSDT | +0.0100% | 4h | 0.4298 | −0.028% | $14.0M | $41.1M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4297 | −0.051% | $9.0M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4294 | −0.121% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4296 | −0.074% | — | $101.0M | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4292 | −0.167% | $73K | $15K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4296 | −0.085% | $58K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4298 | −0.028% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4294 | −0.110% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4322 | +0.530% | $48K | $71K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4311 | +0.274% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4296 | −0.074% | $992K | $510K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0456% / S −0.3505% | 1h | 0.4299 | +0.001% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0827% | 1h | 0.4300 | +0.009% | $51K | $59 | 10x | as long as short |
Aster TIAUSDT
Orderly PERP_TIA_USDC
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD