Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Derive+0.053%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.053%, 7d avg +0.071%
=Together, before fees+0.122%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 92.744 | 0.0100 | pay 0.0013% / 1h | 20m 22s | $16.1M | $7.5M | 10x |
| Short | Lighter HYPE | 92.794 | 0.0096 | get 0.0012% / 1h | 20m 22s | $16.0M | $62.6M | 20x |
Derive HYPE-PERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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
- −$0.84
- Price spread: +0.053% → +0.071%
- −$1.78
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$8.62
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 4 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.75 bp | 0.8 bp −$1 | 1.7 bp −$17 | 10.2 bp −$1,022 | 41.3 bp −$20.7K |
Derive: 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.
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.714 | −0.033% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0240% | 1h | 92.701 | −0.047% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0234% | 1h | 92.688 | −0.060% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.779 | +0.037% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.738 | −0.007% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 92.797 | +0.057% | $86K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.770 | +0.028% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.763 | +0.020% | $22K | $304K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.782 | +0.040% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0022% | 8h | 92.718 | −0.029% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0031% | 1h | 92.761 | +0.018% | $111K | $579K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0038% | 1h | 92.690 | −0.059% | $697K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0040% | 4h | 92.762 | +0.019% | — | $53.4M | — | as long as short |
| Aster HYPEUSDT | +0.0042% | 4h | 92.785 | +0.044% | $8.7M | $36.2M | 300x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.652 | −0.100% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0049% | 8h | 92.743 | −0.002% | $316.7M | $281.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0088% | 8h | 92.768 | +0.025% | $113.7M | $304.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0090% | 4h | 92.747 | +0.003% | $44.5M | $55.3M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 92.811 | +0.072% | $339K | $163K | 20x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 92.794 | +0.053% | $16.0M | $62.6M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.805 | +0.065% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.762 | +0.019% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.740 | −0.005% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.788 | +0.047% | $7.1M | $45.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.791 | +0.050% | $2.02B | $663.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.825 | +0.087% | $10.0M | $15.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.768 | +0.026% | $372.6M | $903.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.761 | +0.018% | $87.5M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.786 | +0.045% | $46.0M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.752 | +0.008% | $224.5M | $98.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.769 | +0.026% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.688 | −0.061% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.707 | −0.040% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.679 | −0.071% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.729 | −0.017% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.800 | +0.060% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.781 | +0.039% | $466K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.741 | −0.004% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0100% | 1h | 92.744 | long leg | $16.1M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 92.714 | −0.033% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.778 | +0.036% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.900 | +0.168% | $1.4M | $6.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.701 | −0.047% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.774 | +0.032% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.768 | +0.025% | $392K | $164K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0116% | 4h | 92.666 | −0.084% | $5.0M | $29.5M | 30x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.276% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.780 | +0.038% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0240% | 8h | 92.796 | +0.056% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0262% | 1h | 92.740 | −0.005% | $79K | $132K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.774 | +0.032% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0331% | 1h | 92.840 | +0.103% | $20.6M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.771 | +0.029% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0472% | 1h | 92.865 | +0.130% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.852 | +0.116% | $3.2M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
Paradex HYPE-USD-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC