Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.4771 | +0.0100 | pay 0.0013% / 1h | 55m 31s | $79.2M | $94.4M | 10x | Long Hyperliquid4% off | |
| SHORT | 6.4673 | +0.0096 | get 0.0012% / 1h | 55m 31s | $239K | $490K | 15x | Short Lighter RH+10% pts |
Price gap−0.151%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.119% under its 7d average: the price leg works against you, −$12 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0004% /8h now · paid −0.068% over the last 7D
Price−$12spread −0.151% now, avg −0.032% → −0.119% if it goes back
Costs−$300.298% of $10k · taker + slippage, in and out
Result−$49−0.49%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.151%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 46 exchanges
lowest funding firstBefore you open
4 ok · 2 to watch- OK: Fits both order books5.7 / 8.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $666Hyperliquid 10x, Lighter RH 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$0.12Long Hyperliquid: 24 payments, −$3.00; short Lighter RH: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.151% vs −0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$239K vs $79.2M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2 · Lighter RH Points liveVolume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · Lighter RH NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0036%/8h × 21 periods−$7.46
Price spread−0.151% → −0.032% (7d avg)−$11.92
Slippage, 4 orderslive order books−$20.80
Fee Hyperliquid bp × 2 orders−$9.00
Fee Lighter RH bp × 2 orders$0.00
Net · 7 days · $10k−$49.18
Costs to cover0.298%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 7 min ago; Lighter RH: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid1.085.7 bp−$610.4 bp−$10441.4 bp−$4,136doesn’t fit
SELL · SHORTLighter RH8.588.6 bp−$926.6 bp−$266doesn’t fitdoesn’t fit
Closing costs about the same again.
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