Funding you earn now, next payment 00:00 UTC+0.0532%/8h= +58.3% APRnext payment +$0.67 per $10,000 · paid last 24h +0.048%
Price spread now: Lighter against Hyperliquid+0.204%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.204%, 7d avg −0.029%
=Together, before fees−0.334%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.232% dearer against Hyperliquid than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.029%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STRK | 0.04417 | 0.0100 | pay 0.0013% / 1h | 48m 35s | $15.1M | $7.4M | 5x |
| Short | Lighter STRK | 0.04426 | 0.0632 | get 0.0079% / 1h | 48m 35s | $273K | $506K | 5x |
Hyperliquid STRK
Lighter STRKFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $111.72
- Price spread: +0.204% → −0.029%
- $23.23
- Slippage, 4 orders
- −$60.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $65
- Costs to cover
- 0.700%
- Break-even
- 2.9 days
Slippage from Hyperliquid: live order book, 4 min ago; Lighter: live order book, 22 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 Hyperliquid live order book, 4 min ago | 1.13 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 min ago | 12.54 bp | 18.5 bp −$18 | 65.1 bp −$651 | doesn't fit | doesn't fit |
STRK on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International STRK-PERP-INTX | −0.0584% | 1h | 0.04396 | −0.475% | $63K | $96K | 25x | as long as short |
| dYdX STRK-USD | +0.0001% | 1h | 0.04417 | +0.009% | $21K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +14.784% | $3K | $38K | 5.5x | as long as short |
| BloFin STRK-USDT | +0.0058% | 4h | 0.04415 | −0.045% | $749K | $720K | 75x | as long as short |
| Bybit STRKUSDT | +0.0086% | 4h | 0.04408 | −0.204% | $15.6M | $21.4M | 50x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04411 | −0.138% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRKlong | +0.0100% | 1h | 0.04417 | long leg | $15.1M | $7.4M | 5x | |
| Aster STRKUSDT | +0.0100% | 4h | 0.04415 | −0.042% | $34K | $350K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04416 | −0.029% | $44K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04411 | −0.136% | $12.6M | $49.7M | 75x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Injective STRK/USDC PERP
BloFin STRK-USDT
Bybit STRKUSDT
Paradex STRK-USD-PERP
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04408 | −0.204% | $4.9M | $23.5M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04420 | +0.068% | $594K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04413 | −0.091% | $12.4M | $2.1M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04416 | −0.023% | $1.5M | $1.9M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04407 | −0.220% | $3.1M | $4.1M | 75x | as long as short |
| BingX STRK-USDC | +0.0100% | 4h | 0.04412 | −0.113% | — | $720K | — | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04404 | −0.295% | $359K | $2.0M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04414 | −0.065% | $189K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04521 | +2.355% | $1K | $832K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04409 | −0.188% | $122K | $625K | 10x | as long as short |
| Backpack STRK_USDC_PERP | +0.0256% | 1h | 0.04417 | 0.000% | $25K | $148K | 10x | as long as short |
| Kraken Futures PF_STRKUSD | +0.0500% | 1h | 0.04419 | +0.040% | $473K | $512K | 20x | as long as short |
| Lighter STRKshort | +0.0632% | 1h | 0.04426 | +0.204% | $273K | $506K | 5x | |
| Deribit STRK_USDC-PERPETUAL | +0.0655% | 1h | 0.04422 | +0.113% | $2K | $34K | 25x | as long as short |
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDC
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
Backpack STRK_USDC_PERP
Kraken Futures PF_STRKUSD
Deribit STRK_USDC-PERPETUAL