Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.043%
Price spread now: Hyperliquid against Lighter RH+0.054%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$150.146% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.054%, 7d avg +0.013%
=Together, before fees+0.068%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · 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: Hyperliquid is 0.040% dearer against Lighter RH than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 93.248 | 0.0096 | pay 0.0012% / 1h | 11m 30s | $3.1M | $11.7M | 20x |
| Short | Hyperliquid HYPE | 93.298 | 0.0100 | get 0.0013% / 1h | 11m 30s | $2.03B | $657.5M | 10x |
Lighter RH HYPE
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0.84
- Price spread: +0.054% → +0.013%
- $4.04
- Slippage, 4 orders
- −$5.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$9.71
- Costs to cover
- 0.146%
- Break-even
- 87.9 days
Slippage from Lighter RH: live order book, 2 min ago; Hyperliquid: live order book, 13 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 | 1.24 bp | 2.2 bp −$2 | 3.9 bp −$39 | 25.1 bp −$2,509 | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.05 bp | 4.6 bp −$5 | 6.4 bp −$64 | 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 | −0.1000% | 1h | 93.101 | −0.158% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.117 | −0.140% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0130% | 1h | 93.170 | −0.084% | $698K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.234 | −0.015% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0064% | 1h | 93.218 | −0.033% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.262 | +0.015% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.270 | +0.024% | $155K | $654K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.241 | −0.007% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.238 | −0.011% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.268 | +0.021% | $63K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0008% | 1h | 93.226 | −0.023% | $111K | $579K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0015% | 8h | 93.131 | −0.125% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 93.252 | +0.005% | $8.8M | $35.9M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.156 | −0.099% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 93.251 | +0.003% | — | $52.9M | — | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 93.250 | +0.002% | $44.6M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 93.260 | +0.013% | $320.8M | $276.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.273 | +0.027% | $113.7M | $299.5M | 50x | as long as short |
| Derive HYPE-PERP | +0.0094% | 1h | 93.100 | −0.159% | $16.1M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.243 | −0.005% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 93.248 | long leg | $3.1M | $11.7M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.243 | −0.005% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.280 | +0.034% | $339K | $162K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0098% | 4h | 93.248 | 0.000% | $89.5M | $81.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.257 | +0.010% | $377.1M | $880.2M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.230 | −0.019% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.243 | −0.006% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 93.298 | +0.054% | $2.03B | $657.5M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.252 | +0.004% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.256 | +0.009% | $45.9M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.245 | −0.003% | $225.5M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.115 | −0.143% | $7.3M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.377 | +0.138% | $31.1M | $53.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.122 | −0.135% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.125 | −0.132% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.143 | −0.113% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.261 | +0.014% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.276 | +0.030% | $473K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.268 | +0.021% | $79K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.158 | −0.097% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.125 | −0.132% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | −0.100% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.191 | −0.061% | $18.3M | $42.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.121 | −0.137% | $396K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0112% | 4h | 93.083 | −0.177% | $5.0M | $28.9M | 30x | as long as short |
| HTX HYPE-USDT | +0.0138% | 4h | 93.247 | −0.001% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.150 | −0.105% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.236 | −0.013% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0269% | 8h | 93.154 | −0.101% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.269 | +0.023% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0339% | 4h | 93.088 | −0.172% | $17.0M | $11.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0394% | 1h | 93.217 | −0.033% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.338 | +0.096% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.517% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.182 | −0.071% | $20.7M | $29.8M | 50x | as long as short |
Bullet HYPE-USD
Phemex HYPEUSDT
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
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
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD