Funding you earn now, next payment 01:00 UTC+0.0896%/8h= +98.1% APRnext payment +$1.12 per $10,000 · paid last 24h +0.172%
Price spread now: Lighter against Hyperliquid+0.013%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.571%+$57 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.013%, 7d avg +0.075%
=Together, before fees+0.500%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.075%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.571% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.571% in total (about 29.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AERO | 0.7006 | 0.0744 | pay 0.0093% / 1h | 35m 46s | $23.6M | $5.3M | 3x |
| Short | Lighter AERO | 0.7006 | 0.1640 | get 0.0205% / 1h | 35m 46s | $1.3M | $451K | 3x |
Hyperliquid AERO
Lighter AEROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- $188.1
- Price spread: +0.013% → +0.075%
- −$6.2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $172.9
- Costs to cover
- 0.090%
- Break-even
- 0.6 days
Slippage unknown: Hyperliquid: live order book, 7 min ago; Lighter: live order book, 5 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 Hyperliquid live order book, 7 min ago | 1.29 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 3.09 bp | 6.7 bp −$7 | 76.6 bp −$766 | doesn't fit | doesn't fit |
AERO on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −1.479% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6992 | −0.196% | $40K | $112K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6995 | −0.151% | $26.6M | $26.6M | 75x | as long as short |
| Bybit AEROUSDT | +0.0100% | 4h | 0.6993 | −0.180% | $22.6M | $21.2M | 25x | as long as short |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6993 | −0.180% | $2.3M | $7.0M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6994 | −0.166% | $1.6M | $493K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6991 | −0.208% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6989 | −0.237% | $2.2M | $939K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6990 | −0.223% | $4.1M | $2.2M | 75x | as long as short |
| BingX AERO-USDT | +0.0100% | 4h | 0.6988 | −0.251% | — | $1.8M | — | as long as short |
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
Bybit AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDT
BingX AERO-USDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AERO | +0.0100% | 4h | 0.6993 | −0.181% | $2.0M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6994 | −0.165% | $220K | $1.9M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6992 | −0.196% | $47K | — | 3x | as long as short |
| Deribit AERO_USDC-PERPETUAL | +0.0179% | 1h | 0.6995 | −0.151% | $56K | $11K | 10x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6992 | −0.195% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6978 | −0.394% | $947K | $737K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0496% | 1h | 0.6999 | −0.097% | $190 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0511% / S −0.0240% | 1h | 0.6991 | −0.208% | $92K | — | 100x | as long as short |
| RISEx AERO/USDC | +0.0687% | 1h | 0.6994 | −0.163% | $222K | $398K | 3x | as long as short |
| Hyperliquid AEROlong | +0.0744% | 1h | 0.7006 | long leg | $23.6M | $5.3M | 3x | |
| Backpack AERO_USDC_PERP | +0.1409% | 1h | 0.7008 | +0.039% | $134K | $321K | 15x | as long as short |
| Lighter AEROshort | +0.1640% | 1h | 0.7006 | +0.013% | $1.3M | $451K | 3x | |
| Coinbase International AERO-PERP-INTX | +0.3896% | 1h | 0.6965 | −0.580% | $92K | $35K | 25x | as long as short |
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Deribit AERO_USDC-PERPETUAL
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Backpack AERO_USDC_PERP
Coinbase International AERO-PERP-INTX