Funding you earn now, next payment 08:00 UTC−0.1903%/8h= −208.4% APRnext payment −$2.38 per $10,000 · paid last 24h +0.014%
Price spread now: Hyperliquid against Lighter−0.239%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.296%−$30 on $10k
+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
Both sides work against this trade now: funding costs −$57 a day on $10k at the current rate, and Hyperliquid is 0.239% cheaper against Lighter than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.38 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 | Lighter APEX | 0.2681 | 0.2400 | pay 0.0300% / 1h | 39m 42s | $59K | $25K | 5x |
| Short | Hyperliquid APEX | 0.2675 | 0.0497 | get 0.0062% / 1h | 39m 42s | $3.0M | $112K | 3x |
Lighter APEX
Hyperliquid APEXFunding 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
- −$399.61
- Price spread: −0.239% → 0.000%
- −$23.87
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$432.48
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 2 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, 2 min ago | 4.28 bp | 58.7 bp −$59 | 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.
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDT | +0.0100% | 4h | 0.2671 | −0.380% | $3.8M | $1.3M | 25x | as long as short |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2670 | −0.418% | $635K | $245K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2665 | −0.604% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2682 | +0.048% | $20K | $5K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2675 | −0.231% | $138K | $347K | 50x | as long as short |
| BloFin APEX-USDT | +0.0114% | 4h | 0.2671 | −0.380% | $95K | $3K | 25x | as long as short |
| Hyperliquid APEXshort | +0.0497% | 1h | 0.2675 | −0.239% | $3.0M | $112K | 3x | |
| Lighter APEXlong | +0.2400% | 1h | 0.2681 | long leg | $59K | $25K | 5x |
Bybit APEXUSDT
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT