STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Hyperliquid against Lighter−0.568%7-day average −0.108% · you buy dearer than you sell

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

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.833%+$83 on $10k

Price spread, last 4 days (all we have)+0.533%+$53 · spread now −0.568%, 7d avg −0.108%

Together, before fees+1.366%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$137 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 0.460% cheaper against Lighter than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STABLE	0.02463	0.0096	pay 0.0012% / 1h	58m 31s	$113K	$10K	3x
Short	Hyperliquid STABLE	0.02449	0.0100	get 0.0013% / 1h	58m 31s	$862K	$170K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. 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 LighterbpFee HyperliquidbpOrdersPrice spread, now −0.568%Rate

Funding earned: $0.84
Price spread: −0.568% → −0.108%: −$46.04
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$54.2
Costs to cover: 0.090%
Break-even: 458.7 days

Slippage unknown: Lighter: live order book, 21 min ago; Hyperliquid: live order book, 62 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 Lighter live order book, 21 min ago	134.14 bp	209.3 bp −$209	325.0 bp −$3,250	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 62 min ago	2.87 bp	doesn't fit	doesn't fit	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 STABLElong	+0.0096%	1h	0.02463	long leg	$113K	$10K	3x
Hyperliquid STABLEshort	+0.0100%	1h	0.02449	−0.568%	$862K	$170K	3x
Aster STABLEUSDT	+0.0100%	4h	0.02448	−0.617%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02449	−0.572%	$2.5M	$2.6M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02451	−0.495%	$1.5M	$756K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02451	−0.491%	$210K	$443K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02449	−0.572%	$175K	$55K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02449	−0.572%	$590K	$158K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02457	−0.248%	$181K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02449	−0.572%	$282K	$89K	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	0.02448	−0.613%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02451	−0.484%	$144K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02450	−0.544%	$1K	$930K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02447	−0.640%	$12K	$211K	10x	as long as short
BloFin STABLE-USDT	+0.0111%	4h	0.02447	−0.654%	$113K	$10K	75x	as long as short