Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 6.3940 | +0.0096 | pay 0.0012% / 1h | 57m 45s | $150K | $298K | 15x | Long Lighter RH+10% pts | |
| SHORT | 6.4004 | +0.0100 | get 0.0013% / 1h | 57m 45s | $79.2M | $82.6M | 10x | Short Hyperliquid4% off |
Price gap+0.100%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$7 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0004% /8h now · paid +0.070% over the last 7D
Price+$7spread +0.100% now, avg +0.032% → +0.068% if it goes back
Costs−$320.324% of $10k · taker + slippage, in and out
Result−$19−0.19%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · 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+0.100%
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
5 ok · 1 to watch- OK: Fits both order books8.9 / 8.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$666 + $1,000Lighter RH 15x, Hyperliquid 10x. 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 Lighter RH: 24 payments, −$2.88; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.100% vs +0.032%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$150K vs $79.2M OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points live · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Hyperliquid 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+$7.64
Price spread+0.100% → +0.032% (7d avg)+$6.80
Slippage, 4 orderslive order books−$23.37
Fee Lighter RH bp × 2 orders$0.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$17.93
Costs to cover0.324%Break-even23.4 days
Slippage: Lighter RH: live order book, 38 min ago; Hyperliquid: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter RH8.888.9 bp−$916.6 bp−$166doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.318.4 bp−$811.6 bp−$11635.6 bp−$3,556101.6 bp−$50.8K
Closing costs about the same again.
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