Funding you earn now, next payment 22:00 UTC+0.1365%/8h= +149.4% APRnext payment +$1.71 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Hyperliquid+0.195%7-day average −0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.195%, 7d avg −0.050%
=Together, before fees+0.009%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Lighter is 0.245% dearer against Hyperliquid than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.207% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.71 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 GRASS | 0.4458 | 0.0315 | pay 0.0039% / 1h | 24m 53s | $16.3M | $2.5M | 3x |
| Short | Lighter GRASS | 0.4466 | 0.1680 | get 0.0210% / 1h | 24m 53s | $700K | $527K | 5x |
Hyperliquid GRASS
Lighter GRASSFunding 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
- $286.61
- Price spread: +0.195% → −0.050%
- $24.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $302.13
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 8 min ago; Lighter: live order book, 59 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, 8 min ago | 1.89 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 59 min ago | 57.16 bp | 58.5 bp −$58 | 165.6 bp −$1,656 | doesn't fit | doesn't fit |
GRASS 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0114% | 1h | 0.4475 | +0.390% | $672 | — | 15x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4460 | +0.052% | $24.9M | $10.5M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4458 | +0.007% | $3.3M | $7.4M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4461 | +0.074% | $1.2M | $1.2M | 50x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4466 | +0.186% | $1.5M | $955K | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4461 | +0.072% | $5.2M | $2.0M | 75x | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4501 | +0.968% | $2.2M | $1.1M | — | as long as short |
| Hyperliquid GRASSlong | +0.0315% | 1h | 0.4458 | long leg | $16.3M | $2.5M | 3x | |
| BloFin GRASS-USDT | +0.0348% | 4h | 0.4486 | +0.635% | $582K | $264K | 20x | as long as short |
| BingX GRASS-USDT | +0.0374% | 4h | 0.4462 | +0.096% | — | $7.1M | — | as long as short |
Reya GRASSRUSDPERP
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDT
Variational Omni GRASS
BloFin GRASS-USDT
BingX GRASS-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance GRASSUSDT | +0.0381% | 4h | 0.4462 | +0.093% | $10.9M | $15.0M | 75x | as long as short |
| MEXC GRASS_USDT | +0.0382% | 4h | 0.4470 | +0.276% | $1.7M | $1.2M | 100x | as long as short |
| Extended GRASS-USD | +0.0384% | 1h | 0.4469 | +0.260% | $220K | $823K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1512% | 1h | 0.4453 | −0.111% | $166K | $75K | 20x | as long as short |
| Aster GRASSUSDT | +0.1551% | 4h | 0.4460 | +0.047% | $63K | $126K | 10x | as long as short |
| Lighter GRASSshort | +0.1680% | 1h | 0.4466 | +0.195% | $700K | $527K | 5x | |
| Injective GRASS/USDC PERP | +0.5000% | 1h | 0.4267 | −4.278% | $7 | $23K | 5.5x | as long as short |
Binance GRASSUSDT
MEXC GRASS_USDT
Extended GRASS-USD
Kraken Futures PF_GRASSUSD
Aster GRASSUSDT
Injective GRASS/USDC PERP