Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Bulk against Lighter−0.072%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.072%, 7d avg −0.001%
=Together, before fees+0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 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: Bulk is 0.071% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.299 | 0.0096 | pay 0.0012% / 1h | 14m 56s | $18.6M | $59.0M | 20x |
| Short | Bulk HYPE-USD | 93.232 | 0.0100 | get 0.0013% / 1h | 14m 56s | $204K | $8K | 10x |
Lighter HYPE
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0.84
- Price spread: −0.072% → −0.001%
- −$7.1
- Slippage, 4 orders
- −$3.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$16.67
- Costs to cover
- 0.104%
- Break-even
- 145.9 days
Slippage from Lighter: live order book, 9 min ago; Bulk: live order book, 4 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 Lighter live order book, 9 min ago | 0.68 bp | 0.9 bp −$1 | 2.5 bp −$25 | 10.9 bp −$1,089 | 41.6 bp −$20.8K |
| Sell Bulk live order book, 4 min ago | 0.54 bp | 4.0 bp −$4 | 6.5 bp −$65 | 14.7 bp −$1,471 | 41.1 bp −$20.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0438% | 1h | 93.188 | −0.119% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0344% | 1h | 93.258 | −0.045% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.148 | −0.162% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0126% | 1h | 93.170 | −0.139% | $699K | $931K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.195 | −0.112% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.247 | −0.056% | $90K | $361K | 20x | as long as short |
| Aster HYPEUSDT | 0.0000% | 4h | 93.272 | −0.029% | $8.9M | $35.9M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.278 | −0.023% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.212 | −0.094% | $58K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.201 | −0.106% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Aster HYPEUSDT
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.242 | −0.061% | $27K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0020% | 4h | 93.218 | −0.087% | $172K | $517K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0023% | 8h | 93.280 | −0.021% | $323.2M | $286.2M | 75x | as long as short |
| Bullet HYPE-USD | +0.0033% | 1h | 93.210 | −0.096% | $112K | $579K | 20x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.249 | −0.054% | $214K | $1.2M | 10x | as long as short |
| Derive HYPE-PERP | +0.0047% | 1h | 93.170 | −0.139% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.265 | −0.037% | $44.0M | $58.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0064% | 4h | 93.274 | −0.027% | $90.2M | $82.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0065% | 4h | 93.269 | −0.032% | $381.8M | $894.1M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.171 | −0.137% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.299 | long leg | $18.6M | $59.0M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.282 | −0.019% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.217 | −0.088% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.209 | −0.096% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.210 | −0.096% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.209 | −0.096% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.295 | −0.005% | $2.03B | $669.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.233 | −0.071% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.277 | −0.024% | $114.2M | $314.0M | 50x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 93.232 | −0.072% | $204K | $8K | 10x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.269 | −0.032% | $47.0M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.263 | −0.039% | $226.2M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.271 | −0.030% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.265 | −0.037% | $7.8M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.203 | −0.103% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.199 | −0.108% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.153 | −0.157% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.239 | −0.065% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.247 | −0.056% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.238 | −0.066% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.204 | −0.102% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.249 | −0.054% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.243 | −0.060% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.215 | −0.090% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.232 | −0.072% | $18.2M | $41.8M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.294 | −0.006% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.310 | +0.011% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0232% | 4h | 93.405 | +0.113% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.140 | −0.171% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.204 | −0.102% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0260% | 4h | 93.211 | −0.095% | $16.8M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.271 | −0.030% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.237 | −0.067% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0340% | 1h | 93.326 | +0.029% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.364 | +0.070% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Bullet HYPE-USD
Phoenix HYPE
Derive HYPE-PERP
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
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
Phemex HYPEUSDT
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD