Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.034%
Price spread now: Lighter RH against Hyperliquid−0.088%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.088%, 7d avg −0.014%
=Together, before fees−0.066%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.074% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPE | 94.294 | 0.0100 | pay 0.0013% / 1h | 5m 33s | $2.07B | $688.2M | 10x |
| Short | Lighter RH HYPE | 94.211 | 0.0096 | get 0.0012% / 1h | 5m 33s | $3.2M | $11.1M | 20x |
Hyperliquid HYPE
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$0.84
- Price spread: −0.088% → −0.014%
- −$7.35
- Slippage, 4 orders
- −$4.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.52
- Costs to cover
- 0.133%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Lighter RH: live order book, 3 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 Hyperliquid live order book, 9 min ago | 0.05 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.38 bp | 2.2 bp −$2 | 4.1 bp −$41 | 26.6 bp −$2,663 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1128% | 1h | 94.272 | −0.024% | $200K | $234K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0158% | 1h | 94.319 | +0.026% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0099% | 1h | 94.130 | −0.174% | $710K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.373 | +0.084% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0066% | 1h | 94.278 | −0.017% | $111K | $578K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 94.170 | −0.132% | $87K | $366K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0044% | 1h | 94.207 | −0.092% | $80K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0011% | 4h | 94.246 | −0.051% | $146K | $685K | 20x | as long as short |
| Bybit HYPEUSDT | −0.0006% | 8h | 94.132 | −0.172% | $317.1M | $289.5M | 75x | as long as short |
| BingX HYPE-USDT | −0.0004% | 4h | 94.170 | −0.132% | — | $53.5M | — | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
BingX HYPE-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 94.178 | −0.123% | $129K | $26K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.399 | +0.111% | $1.8M | $5.6M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.421 | +0.134% | $19K | $287K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.303 | +0.010% | $117K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0003% | 1h | 94.317 | +0.025% | $16.4M | $7.5M | 10x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 94.223 | −0.075% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0050% | 4h | 94.165 | −0.137% | $226.6M | $99.9M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0053% | 8h | 94.294 | 0.000% | $12.9M | $2.9M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0066% | 8h | 94.252 | −0.045% | $337K | $156K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 94.142 | −0.161% | $1.0M | $3.5M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 94.169 | −0.132% | $5.0M | $30.7M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0093% | 8h | 94.149 | −0.154% | $117.0M | $320.9M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.199 | −0.101% | $16.3M | $64.5M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 94.211 | −0.088% | $3.2M | $11.1M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.145 | −0.158% | $79K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.190 | −0.110% | $15K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.144 | −0.159% | $7.3M | $50.8M | 10x | as long as short |
| Hyperliquid HYPElong | +0.0100% | 1h | 94.294 | long leg | $2.07B | $688.2M | 10x | |
| Aster HYPEUSDT | +0.0100% | 4h | 94.185 | −0.116% | $8.8M | $37.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.212 | −0.087% | $10.2M | $15.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.145 | −0.158% | $376.8M | $932.0M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.183 | −0.118% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.168 | −0.134% | $49.3M | $57.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.185 | −0.116% | $89.8M | $85.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.207 | −0.092% | $46.9M | $18.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.234 | −0.064% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.239 | −0.059% | $29.1M | $55.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.264 | −0.032% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.207 | −0.092% | $362K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.384 | +0.095% | $682K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.403 | +0.115% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.353 | +0.063% | $496K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.380 | +0.091% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.251 | −0.046% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.437 | +0.152% | $1.4M | $6.8M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.129 | −0.175% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.379 | +0.090% | $399K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 94.300 | +0.006% | $4.7M | $6.2M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0142% | 1h | 94.331 | +0.039% | $7.5M | $4.3M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0151% / S +0.0022% | 1h | 94.468 | +0.184% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.310 | +0.017% | $30K | $340K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0272% | 1h | 94.269 | −0.026% | $83K | $134K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.367 | +0.077% | $17.0M | $12.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0412% | 1h | 94.323 | +0.031% | $20.2M | $30.3M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 94.194 | −0.106% | $3.2M | $6.4M | 20x | as long as short |
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC