Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Lighter−0.174%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.174%, 7d avg +0.022%
=Together, before fees+0.208%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$21 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 0.196% cheaper against Lighter than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4433 | 0.0096 | pay 0.0012% / 1h | 55m 01s | $192K | $437K | 10x |
| Short | Hyperliquid TIA | 0.4425 | 0.0100 | get 0.0013% / 1h | 55m 01s | $4.8M | $1.5M | 5x |
Lighter TIA
Hyperliquid TIAFunding 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
- $0.84
- Price spread: −0.174% → +0.022%
- −$19.59
- Slippage, 4 orders
- −$50.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$78.04
- Costs to cover
- 0.593%
- Break-even
- 657.3 days
Slippage from Lighter: live order book, 30 min ago; Hyperliquid: live order book, 7 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, 30 min ago | 7.77 bp | 8.0 bp −$8 | 59.3 bp −$593 | 284.1 bp −$28.4K | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.89 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TIA/USD [ETH-USDC] | L −0.4153% / S +0.0187% | 1h | 0.4427 | −0.129% | $5K | — | 100x | as long as short |
| Deribit TIA_USDC-PERPETUAL | −0.0202% | 1h | 0.4426 | −0.153% | $31K | $20K | 25x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0169% | 1h | 0.4421 | −0.257% | $349K | $201K | 50x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4497 | +1.442% | $1K | — | 150x | as long as short |
| dYdX TIA-USD | +0.0014% | 1h | 0.4432 | −0.017% | $53K | $139 | 10x | as long as short |
| Backpack TIA_USDC_PERP | +0.0052% | 1h | 0.4417 | −0.361% | $104K | $175K | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0079% | 1h | 0.4429 | −0.086% | $79K | $158K | 12x | as long as short |
| OKX TIA-USDT-SWAP | +0.0094% | 4h | 0.4414 | −0.424% | $2.8M | $7.0M | 50x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4433 | long leg | $192K | $437K | 10x | |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4428 | −0.108% | $7K | $205K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Deribit TIA_USDC-PERPETUAL
Kraken Futures PF_TIAUSD
gTrade (Gains Network) TIA/USD
dYdX TIA-USD
Backpack TIA_USDC_PERP
Injective TIA/USDC PERP
OKX TIA-USDT-SWAP
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4425 | −0.174% | $4.8M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4418 | −0.334% | $33K | $249K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4419 | −0.311% | $14.3M | $49.6M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4415 | −0.402% | $9.8M | $14.9M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4419 | −0.311% | $1.0M | $1.7M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4420 | −0.289% | $10.4M | $14.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4425 | −0.176% | $4.3M | $10.3M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4413 | −0.447% | $4.4M | $4.2M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4415 | −0.402% | — | $14.8M | — | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4459 | +0.583% | $136K | $79K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4470 | +0.839% | $51K | $224K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4429 | −0.086% | $59K | $76K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4414 | −0.426% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4425 | −0.176% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4423 | −0.224% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4422 | −0.244% | $1.6M | $765K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4521 | +1.990% | $54K | $99K | 50x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX