Settings8H · net · $10k
Funding arb · Price arb /

DASH

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0556%/8h= −60.9% APRnext payment $0.70 per $10,000 · paid last 24h −0.022%
Price spread now: Lighter against Hyperliquid−0.172%7-day average −0.106% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.172%, 7d avg −0.106%
Together, before fees+0.011%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Lighter is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid DASH59.1620.0652pay 0.0082% / 1h6m 06s$4.5M$2.3M5x
ShortLighter DASH59.0600.0096get 0.0012% / 1h6m 06s$120K$131K10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$116.76
Price spread: −0.172% → −0.106%
−$6.64
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$132.4
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Lighter: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago1.69 bp8.0 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 54 min ago10.06 bp13.8 bp −$1430.0 bp −$300doesn't fitdoesn't fit

DASH on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit DASH_USDC-PERPETUAL0.0000%1h59.050−0.189%$236$2K50xas long as short
Injective DASH/USDC PERP+0.0060%1h58.850−0.527%$7$134K5.5xas long as short
KuCoin DASHUSDTM+0.0065%8h59.040−0.206%$8.1M$3.9M30xas long as short
Lighter DASHshort+0.0096%1h59.060−0.172%$120K$131K10x
Aster DASHUSDT+0.0100%8h59.042−0.203%$129K$360K20xas long as short
Binance DASHUSDT+0.0100%8h59.033−0.218%$28.1M$86.3M75xas long as short
Bybit DASHUSDT+0.0100%8h59.040−0.206%$10.3M$18.5M75xas long as short
OKX DASH-USDT-SWAP+0.0100%4h59.020−0.240%$5.3M$27.3M50xas long as short
Gate DASH_USDT+0.0100%8h59.070−0.156%$1.8M$2.5M50xas long as short
MEXC DASH_USDT+0.0100%8h59.040−0.206%$21.7M$10.1M100xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DASHUSDT+0.0100%8h59.050−0.189%$6.4M$2.8M50xas long as short
BingX DASH-USDT+0.0100%8h59.070−0.156%$6.6Mas long as short
Variational Omni DASH+0.0100%8h59.027−0.228%$311K$276Kas long as short
SunX DASH-USDT+0.0100%8h59.060−0.172%$25K$1.2M20xas long as short
SoDEX DASH-USD+0.0100%1h59.035−0.215%$271K$4K5xas long as short
HTX DASH-USDT+0.0100%8h59.120−0.071%$123K$210K30xas long as short
Extended DASH-USD+0.0104%1h59.030−0.224%$10K$202K10xas long as short
BloFin DASH-USDT+0.0220%8h59.040−0.206%$2.7M$1.3M75xas long as short
Coinbase International DASH-PERP-INTX+0.0264%1h59.560+0.673%$99K$218K25xas long as short
GMX DASH/USD [WBTC.b-USDC]L +0.0494% / S −0.0439%1h59.025−0.231%$130K50xas long as short
Kraken Futures PF_DASHUSD+0.0650%1h59.115−0.080%$717K$2.8M25xas long as short
Hyperliquid DASHlong+0.0652%1h59.162long leg$4.5M$2.3M5x