Funding you earn now, next payment 06:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.040%
Price spread now: Deribit against Lighter RH+0.093%7-day average +0.029% · 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−$11as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.093%, 7d avg +0.029%
=Together, before fees−0.031%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.065% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 94.203 | 0.0096 | pay 0.0012% / 1h | 1m 31s | $3.2M | $11.7M | 20x |
| Short | Deribit HYPE_USDC-PERPETUAL | 94.291 | 0.0270 | get 0.0034% / 1h | 1m 31s | $7.5M | $4.1M | 50x |
Lighter RH HYPE
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter RH. 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
- $36.54
- Price spread: +0.093% → +0.029%
- $6.46
- Slippage, 4 orders
- −$10.62
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $25.38
- Costs to cover
- 0.176%
- Break-even
- 2.1 days
Slippage from Lighter RH: live order book, 2 min ago; Deribit: 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 Lighter RH live order book, 2 min ago | 0.11 bp | 0.1 bp $0 | 2.7 bp −$27 | 22.8 bp −$2,277 | doesn't fit |
| Sell Deribit live order book, 3 min ago | 1.48 bp | 8.7 bp −$9 | 12.3 bp −$123 | doesn't fit | 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 | −0.1280% | 1h | 94.260 | +0.061% | $202K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0298% | 1h | 94.289 | +0.091% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | +0.133% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0015% | 4h | 94.168 | −0.037% | $150K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.272 | +0.073% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.185 | −0.019% | $86K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.214 | +0.012% | $22K | $290K | 10x | as long as short |
| Bullet HYPE-USD | +0.0001% | 1h | 94.207 | +0.004% | $112K | $580K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.223 | +0.021% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.153 | −0.053% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
Bullet HYPE-USD
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | +0.0014% | 4h | 94.176 | −0.029% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 94.140 | −0.067% | $318.0M | $287.0M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.438 | +0.249% | $211K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0038% | 4h | 94.085 | −0.125% | $226.9M | $99.4M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0038% | 8h | 94.206 | +0.003% | $12.8M | $2.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0057% | 1h | 94.130 | −0.077% | $709K | $1.2M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.211 | +0.008% | $342K | $158K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0095% | 4h | 94.230 | +0.028% | $5.0M | $30.5M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.191 | −0.013% | $16.4M | $63.8M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 94.203 | long leg | $3.2M | $11.7M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.169 | −0.036% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.180 | −0.024% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.074 | −0.137% | $6.2M | $49.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.311 | +0.115% | $2.07B | $680.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.172 | −0.033% | $8.9M | $37.0M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.215 | +0.013% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.173 | −0.032% | $378.6M | $925.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.147 | −0.059% | $116.3M | $317.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.011% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.175 | −0.030% | $48.2M | $55.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.183 | −0.021% | $91.0M | $82.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.192 | −0.012% | $46.5M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.247 | +0.047% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.197% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.307 | +0.110% | $7.7M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.313 | +0.117% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.247 | +0.047% | $674K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.238 | +0.038% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.145 | −0.062% | $478K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.188 | −0.016% | $80K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.190 | −0.014% | $16.3M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.302 | +0.105% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.206 | +0.003% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.416 | +0.226% | $1.4M | $6.6M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.134 | −0.073% | $18.3M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.212 | +0.009% | $398K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 94.327 | +0.132% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.610 | +0.432% | $31K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.230 | +0.029% | $4.7M | $6.1M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0270% | 1h | 94.291 | +0.093% | $7.5M | $4.1M | 50x | |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.075 | −0.136% | $77K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.228 | +0.027% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.299 | +0.102% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.285 | +0.087% | $16.8M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.217 | +0.015% | $3.2M | $6.3M | 20x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Lighter HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
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
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC