Funding you earn now, next payment 00:00 UTC−0.0476%/8h= −52.1% APRnext payment −$0.60 per $10,000 · paid last 24h −0.048%
Price spread now: Hyperliquid against Lighter−0.203%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as 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)+0.395%+$40 · spread now −0.203%, 7d avg +0.029%
=Together, before fees+0.333%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Hyperliquid is 0.232% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
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 −$0.60 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 | Lighter STRK | 0.04429 | 0.0576 | pay 0.0072% / 1h | 50m 12s | $273K | $506K | 5x |
| Short | Hyperliquid STRK | 0.04420 | 0.0100 | get 0.0013% / 1h | 50m 12s | $15.1M | $7.4M | 5x |
Lighter STRK
Hyperliquid STRKFunding 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
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
- −$99.96
- Price spread: −0.203% → +0.029%
- −$23.18
- Slippage, 4 orders
- −$60.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$193.09
- Costs to cover
- 0.700%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 20 min ago; Hyperliquid: live order book, 3 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 live order book, 20 min ago | 12.54 bp | 22.5 bp −$23 | 56.2 bp −$562 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.13 bp | 8.9 bp −$9 | 30.5 bp −$305 | 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 | −0.745% | $63K | $96K | 25x | as long as short |
| dYdX STRK-USD | +0.0002% | 1h | 0.04417 | −0.262% | $21K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +14.473% | $3K | $38K | 5.5x | as long as short |
| BloFin STRK-USDT | +0.0076% | 4h | 0.04414 | −0.339% | $749K | $720K | 75x | as long as short |
| Bybit STRKUSDT | +0.0089% | 4h | 0.04414 | −0.339% | $15.6M | $21.4M | 50x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04413 | −0.350% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRKshort | +0.0100% | 1h | 0.04420 | −0.203% | $15.1M | $7.4M | 5x | |
| Aster STRKUSDT | +0.0100% | 4h | 0.04421 | −0.192% | $34K | $350K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04418 | −0.255% | $44K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04418 | −0.248% | $12.6M | $49.8M | 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 | 0.04415 | −0.316% | $4.9M | $23.5M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04418 | −0.248% | $592K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04416 | −0.294% | $12.4M | $2.1M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04419 | −0.226% | $1.5M | $1.9M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04416 | −0.287% | $3.1M | $4.1M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04415 | −0.316% | — | $26.4M | — | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04404 | −0.566% | $359K | $2.0M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04410 | −0.429% | $193K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04520 | +2.055% | $1K | $832K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04414 | −0.342% | $122K | $625K | 10x | as long as short |
| Backpack STRK_USDC_PERP | +0.0252% | 1h | 0.04416 | −0.294% | $25K | $148K | 10x | as long as short |
| Kraken Futures PF_STRKUSD | +0.0500% | 1h | 0.04420 | −0.210% | $473K | $512K | 20x | as long as short |
| Lighter STRKlong | +0.0576% | 1h | 0.04429 | long leg | $273K | $506K | 5x | |
| Deribit STRK_USDC-PERPETUAL | +0.0881% | 1h | 0.04424 | −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-USDT
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