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+0.027%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$630.626% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.027%, 7d avg −0.024%
=Together, before fees−0.087%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$9 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 0.051% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TIA | 0.4409 | 0.0100 | pay 0.0013% / 1h | 27m 03s | $4.7M | $1.4M | 5x |
| Short | Lighter TIA | 0.4410 | 0.0096 | get 0.0012% / 1h | 27m 03s | $156K | $419K | 10x |
Hyperliquid TIA
Lighter TIAFunding 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
- −$0.84
- Price spread: +0.027% → −0.024%
- $5.1
- Slippage, 4 orders
- −$53.57
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$58.31
- Costs to cover
- 0.626%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Lighter: live order book, 18 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, 5 min ago | 1.69 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 18 min ago | 2.37 bp | 16.8 bp −$17 | 88.6 bp −$886 | 322.5 bp −$32.3K | doesn't fit |
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4403 | −0.127% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4404 | −0.104% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0072% | 1h | 0.4429 | +0.463% | $50K | $230K | 50x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4410 | +0.027% | $156K | $419K | 10x | |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4404 | −0.104% | $6K | $244K | 10x | as long as short |
| Hyperliquid TIAlong | +0.0100% | 1h | 0.4409 | long leg | $4.7M | $1.4M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4405 | −0.075% | $33K | $240K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4403 | −0.127% | $14.3M | $43.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4401 | −0.172% | $9.9M | $13.5M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4400 | −0.195% | $2.8M | $6.3M | 50x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
OKX TIA-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4405 | −0.082% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4404 | −0.104% | $11.4M | $6.5M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4402 | −0.150% | $4.2M | $9.2M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4402 | −0.150% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4404 | −0.104% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4404 | −0.104% | $102K | $168K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4430 | +0.491% | $103K | $61K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4409 | +0.009% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4399 | −0.213% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4401 | −0.161% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4403 | −0.133% | $6K | — | 15x | as long as short |
| Injective TIA/USDC PERP | +0.0271% | 1h | 0.4413 | +0.100% | $26K | $11K | 12x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0328% | 1h | 0.4406 | −0.049% | $360K | $193K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4412 | +0.077% | $1.7M | $734K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4432 | +0.531% | $52K | $77K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0495% / S −0.1196% | 1h | 0.4404 | −0.109% | $40K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0549% | 1h | 0.4406 | −0.056% | $52K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Injective TIA/USDC PERP
Kraken Futures PF_TIAUSD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD