XTEN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterXTEN	0.2660	−0.0072	get 0.0009% / 1h	32m 47s	$152K	$1.0M	5x	Long Lighter7d free
SHORT	HyperliquidXTEN	0.2747	+0.0100	get 0.0013% / 1h	32m 47s	$288K	$1.1M	3x	Short Hyperliquid4% off

Price gap+3.251%

Funding gap+0.0172% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 1.011% above its 7d average: +$101 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding$0+0.0172% /8h now · paid +0.001% over the last 3 hours (all we have)

Price+$101spread +3.251% now, avg +2.240% → +1.011% if it goes back

Costs−$1,27012.698% of $10k · taker + slippage, in and out

Result−$1,168−11.68%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+3.251%

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

/8h

XTEN on 2 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size202.7 / 454.6 bp
At $10k entering Hyperliquid costs 454.6 bp, fee and slippage, 2.2× Lighter’s.
Note: Margin at max leverage$2,000 + $3,333
Lighter 5x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$5.16Long Lighter: 24 payments, +$2.16; short Hyperliquid: 24 payments, +$3.00.
OK: Entry gap works for you+3.251% vs +2.240%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$152K vs $288K OI
Lighter sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3 · Hyperliquid Season 2
Volume here counts toward the points program.
OK: No KYC on either legLighter No · Hyperliquid No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0034%/8h × 21 periods+$7.21

Price spread+3.251% → +2.240% (7d avg)+$101.13

Slippage, 4 orderslive order books−$1,260.76

Fee Lighter bp × 2 orders$0.00

Fee Hyperliquid bp × 2 orders−$9.00

Net · 7 days · $10k−$1,161.42

Costs to cover12.698%Break-even1135.0 days

Slippage: Lighter: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter4.50202.7 bp−$203doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTHyperliquid34.60454.6 bp−$455doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

XTEN news

posts that mention XTEN, from every exchangeSearch all news →

10-27 06:49	Hyperliquid	Other	As a reminder, hyperps do not rely on any external data for the oracle price. Hyperps trade like perpetual contracts that users are familiar with, but do not require an external spot or index oracle price. Instead, the funding rate is determined relative to a moving average of the hyperp mark price. This makes the hyperp price more stable and less susceptible to manipulation, unlike usual pre-launch futures. When trading hyperps, funding rates are important to consider. If there is heavy price momentum in one direction, funding will heavily incentivize positions in the opposite direction for the next eight hours. As always, be sure to understand the contract before trading. Trading is on low leverage and isolated margin only. Beware of low liquidity, high volatility, potentially extreme funding, and increased liquidation risk. Note: XTEN-USDC will convert to a vanilla perp upon CEX listing. See Docs for more. XTEN-USDC is a hyperp contract that poses higher than normal risk. Do not trade contracts you are unfamiliar with and do not understand the risks for. Read the Docs to learn more about the hyperp mechanism and how it differs from vanilla perps. NFA. @HyperliquidX on X ↗
10-27 06:49	Hyperliquid	Listing	By community request, Extended (XTEN) hyperp has been listed with up to 3x leverage. @HyperliquidX on X ↗
10-27 06:41	Hyperliquid	Listing	new market XTEN ($XTEN) seen by our collector
10-26 14:44	Lighter RH	Listing	New perp listing! You can now trade $XTEN (pre-market) on Lighter Core at 5x leverage. @Lighter_xyz on X ↗
10-26 14:28	Lighter RH	Listing	New perp listing! You can now trade $XTEN on Lighter Core at 5x leverage. @Lighter_xyz on X ↗
10-26 12:59	Lighter	Listing	new market XTEN ($XTEN) seen by our collector