STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter against Hyperliquid+0.568%7-day average +0.097% · you sell dearer than you buy

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 7 days−0.854%−$85 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now +0.568%, 7d avg +0.097%

Together, before fees−1.387%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$139 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 is 0.471% dearer against Hyperliquid than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STABLE	0.02430	0.0100	pay 0.0013% / 1h	17m 42s	$854K	$183K	3x
Short	Lighter STABLE	0.02444	0.0096	get 0.0012% / 1h	17m 42s	$112K	$6K	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

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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 +0.568%Rate

Funding earned: −$0.84
Price spread: +0.568% → +0.097%: $47.13
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $37.29
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 62 min ago; Lighter: live order book, 12 min ago. 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, 62 min ago	1.43 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	153.31 bp	211.8 bp −$212	574.4 bp −$5,744	doesn't fit	doesn't fit

STABLE 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
Lighter STABLEshort	+0.0096%	1h	0.02444	+0.568%	$112K	$6K	3x
Hyperliquid STABLElong	+0.0100%	1h	0.02430	long leg	$854K	$183K	3x
Aster STABLEUSDT	+0.0100%	4h	0.02431	+0.042%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02431	+0.025%	$2.4M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02433	+0.115%	$1.5M	$788K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02432	+0.066%	$209K	$429K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02431	+0.025%	$173K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02431	+0.025%	$582K	$165K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02435	+0.189%	$177K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02432	+0.066%	$279K	$94K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02431	+0.025%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02431	+0.007%	$142K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02431	+0.012%	$2K	$915K	20x	as long as short
BloFin STABLE-USDT	+0.0102%	4h	0.02425	−0.222%	$113K	$7K	75x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02430	0.000%	$12K	$230K	10x	as long as short