Funding you earn now, next payment 23:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.008%
Price spread now: Hyperliquid against Lighter+0.345%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.345% dearer against Lighter than usual: you sell high and buy low, +$35 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZORA | 0.008400 | 0.0096 | pay 0.0012% / 1h | 17m 27s | $22K | $11K | 3x |
| Short | Hyperliquid ZORA | 0.008429 | 0.0104 | get 0.0013% / 1h | 17m 27s | $1.6M | $317K | 3x |
Lighter ZORA
Hyperliquid ZORAFunding 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
- $1.72
- Price spread: +0.345% → 0.000%
- $34.52
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $27.25
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 2.37 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZORA on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008420 | +0.243% | $310 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008413 | +0.155% | — | $6.6M | — | as long as short |
| Lighter ZORAlong | +0.0096% | 1h | 0.008400 | long leg | $22K | $11K | 3x | |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008416 | +0.193% | $26K | $28K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008416 | +0.192% | $2.5M | $3.9M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008402 | +0.024% | $2.3M | $1.6M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008415 | +0.179% | $766K | $974K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008410 | +0.119% | $157K | $75K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008414 | +0.167% | $9.8M | $226K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008411 | +0.131% | $773K | $1.1M | 30x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDT
KuCoin ZORAUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008417 | +0.202% | $732K | $206K | 25x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008405 | +0.065% | $125K | $26K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008590 | +2.262% | $1K | $1.2M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008418 | +0.210% | $6K | $169K | 5x | as long as short |
| Hyperliquid ZORAshort | +0.0104% | 1h | 0.008429 | +0.345% | $1.6M | $317K | 3x | |
| Backpack ZORA_USDC_PERP | +0.0118% | 1h | 0.008416 | +0.190% | $34K | $117K | 10x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008416 | +0.190% | $1K | — | 100x | as long as short |
Bitget ZORAUSDT
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
Backpack ZORA_USDC_PERP
GMX ZORA/USD [ETH-USDC]