SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Hyperliquid−0.257%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.257% cheaper against Hyperliquid than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKR	0.02182	0.0100	pay 0.0013% / 1h	26m 25s	$1.4M	$816K	3x
Short	Lighter SKR	0.02176	0.0096	get 0.0012% / 1h	26m 25s	$9K	$20K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersPrice spread, now −0.257%Rate

Funding earned: −$0.84
Price spread: −0.257% → 0.000%: −$25.67
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.51
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; Lighter: no order-book sample. Net counts fees only.

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, 4 min ago	4.36 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKR on 15 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
BloFin SKR-USDT	−0.0059%	4h	0.02179	−0.119%	$242K	$173K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02184	+0.105%	—	$2.4M	—	as long as short
Lighter SKRshort	+0.0096%	1h	0.02176	−0.257%	$9K	$20K	3x
Hyperliquid SKRlong	+0.0100%	1h	0.02182	long leg	$1.4M	$816K	3x
Aster SKRUSDT	+0.0100%	4h	0.02178	−0.158%	$29K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02184	+0.080%	$3.8M	$13.8M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02183	+0.060%	$4.5M	$480K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02181	−0.041%	$667K	$736K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02183	+0.055%	$1.6M	$1.4M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02179	−0.119%	$2K	$2.3M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SKR-USDT	+0.0100%	4h	0.02180	−0.101%	$14K	$34K	20x	as long as short
Bybit SKRUSDT	+0.0335%	4h	0.02184	+0.082%	$4.7M	$5.4M	20x	as long as short
Gate SKR_USDT	+0.0630%	4h	0.02180	−0.096%	$1.1M	$575K	20x	as long as short
Phoenix SKR	+0.0747%	1h	0.02173	−0.426%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.0801%	1h	0.02177	−0.234%	$52K	$165K	5x	as long as short