Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.007%
Price spread now: Lighter against edgeX+0.019%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.019%, 7d avg +0.059%
=Together, before fees−0.007%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter is 0.039% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.059%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 92.709 | 0.0106 | pay 0.0053% / 4h | 15m 30s | $5.0M | $29.6M | 30x |
| Short | Lighter HYPE | 92.727 | 0.0096 | get 0.0012% / 1h | 15m 30s | $16.0M | $62.6M | 20x |
edgeX HYPEUSDC
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$2.08
- Price spread: +0.019% → +0.059%
- −$3.92
- Slippage, 4 orders
- −$2.56
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.56
- Costs to cover
- 0.116%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 4 min ago; Lighter: live order book, 9 min ago.
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 edgeX live order book, 4 min ago | 0.27 bp | 4.8 bp −$5 | 5.0 bp −$50 | 126.7 bp −$12.7K | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.75 bp | 0.8 bp −$1 | 1.7 bp −$17 | 10.2 bp −$1,022 | 41.3 bp −$20.7K |
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 | 92.676 | −0.035% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0256% | 1h | 92.657 | −0.056% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0246% | 1h | 92.707 | −0.002% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.690 | −0.020% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0065% | 4h | 92.678 | −0.033% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 92.782 | +0.079% | $87K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.692 | −0.018% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.707 | −0.001% | $22K | $304K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.725 | +0.017% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0028% | 8h | 92.728 | +0.021% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0034% | 1h | 92.670 | −0.042% | $697K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0038% | 4h | 92.709 | 0.000% | — | $53.4M | — | as long as short |
| Bullet HYPE-USD | +0.0041% | 1h | 92.678 | −0.033% | $110K | $578K | 20x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.817 | +0.117% | $210K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0045% | 4h | 92.728 | +0.021% | $8.7M | $36.2M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 92.730 | +0.023% | $316.6M | $281.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0090% | 8h | 92.735 | +0.028% | $113.6M | $303.8M | 50x | as long as short |
| Gate HYPE_USDT | +0.0094% | 4h | 92.707 | −0.002% | $44.5M | $55.3M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 92.728 | +0.021% | $338K | $163K | 20x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 92.727 | +0.019% | $16.0M | $62.6M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.727 | +0.020% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.750 | +0.044% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.730 | +0.023% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.713 | +0.004% | $7.1M | $45.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.759 | +0.054% | $2.02B | $663.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.742 | +0.036% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.748 | +0.042% | $372.6M | $902.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.713 | +0.005% | $87.4M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.710 | +0.001% | $46.1M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.708 | −0.001% | $224.4M | $98.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.681 | −0.030% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.669 | −0.043% | $28.7M | $57.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.760 | +0.055% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.717 | +0.009% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.715 | +0.007% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.769 | +0.065% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.729 | +0.022% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.677 | −0.034% | $78K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.691 | −0.019% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.702 | −0.007% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.704 | −0.005% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.875 | +0.179% | $1.4M | $6.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.701 | −0.008% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.687 | −0.023% | $18.1M | $43.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.707 | −0.001% | $392K | $164K | 20x | as long as short |
| edgeX HYPEUSDClong | +0.0106% | 4h | 92.709 | long leg | $5.0M | $29.6M | 30x | |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.314% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.750 | +0.044% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0236% | 8h | 92.830 | +0.131% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0262% | 1h | 92.703 | −0.007% | $79K | $132K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.706 | −0.003% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.771 | +0.067% | $20.6M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.733 | +0.026% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0354% | 1h | 92.793 | +0.091% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.811 | +0.110% | $3.2M | $6.4M | 20x | as long as short |
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Bullet HYPE-USD
Phoenix HYPE
Aster HYPEUSDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
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