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
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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DASH | 59.162 | 0.0652 | pay 0.0082% / 1h | 6m 06s | $4.5M | $2.3M | 5x |
| Short | Lighter DASH | 59.060 | 0.0096 | get 0.0012% / 1h | 6m 06s | $120K | $131K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 6 min ago | 1.69 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 54 min ago | 10.06 bp | 13.8 bp −$14 | 30.0 bp −$300 | doesn't fit | doesn't fit |
DASH on 22 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 DASH_USDC-PERPETUAL | 0.0000% | 1h | 59.050 | −0.189% | $236 | $2K | 50x | as long as short |
| Injective DASH/USDC PERP | +0.0060% | 1h | 58.850 | −0.527% | $7 | $134K | 5.5x | as long as short |
| KuCoin DASHUSDTM | +0.0065% | 8h | 59.040 | −0.206% | $8.1M | $3.9M | 30x | as long as short |
| Lighter DASHshort | +0.0096% | 1h | 59.060 | −0.172% | $120K | $131K | 10x | |
| Aster DASHUSDT | +0.0100% | 8h | 59.042 | −0.203% | $129K | $360K | 20x | as long as short |
| Binance DASHUSDT | +0.0100% | 8h | 59.033 | −0.218% | $28.1M | $86.3M | 75x | as long as short |
| Bybit DASHUSDT | +0.0100% | 8h | 59.040 | −0.206% | $10.3M | $18.5M | 75x | as long as short |
| OKX DASH-USDT-SWAP | +0.0100% | 4h | 59.020 | −0.240% | $5.3M | $27.3M | 50x | as long as short |
| Gate DASH_USDT | +0.0100% | 8h | 59.070 | −0.156% | $1.8M | $2.5M | 50x | as long as short |
| MEXC DASH_USDT | +0.0100% | 8h | 59.040 | −0.206% | $21.7M | $10.1M | 100x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget DASHUSDT | +0.0100% | 8h | 59.050 | −0.189% | $6.4M | $2.8M | 50x | as long as short |
| BingX DASH-USDT | +0.0100% | 8h | 59.070 | −0.156% | — | $6.6M | — | as long as short |
| Variational Omni DASH | +0.0100% | 8h | 59.027 | −0.228% | $311K | $276K | — | as long as short |
| SunX DASH-USDT | +0.0100% | 8h | 59.060 | −0.172% | $25K | $1.2M | 20x | as long as short |
| SoDEX DASH-USD | +0.0100% | 1h | 59.035 | −0.215% | $271K | $4K | 5x | as long as short |
| HTX DASH-USDT | +0.0100% | 8h | 59.120 | −0.071% | $123K | $210K | 30x | as long as short |
| Extended DASH-USD | +0.0104% | 1h | 59.030 | −0.224% | $10K | $202K | 10x | as long as short |
| BloFin DASH-USDT | +0.0220% | 8h | 59.040 | −0.206% | $2.7M | $1.3M | 75x | as long as short |
| Coinbase International DASH-PERP-INTX | +0.0264% | 1h | 59.560 | +0.673% | $99K | $218K | 25x | as long as short |
| GMX DASH/USD [WBTC.b-USDC] | L +0.0494% / S −0.0439% | 1h | 59.025 | −0.231% | $130K | — | 50x | as long as short |
| Kraken Futures PF_DASHUSD | +0.0650% | 1h | 59.115 | −0.080% | $717K | $2.8M | 25x | as long as short |
| Hyperliquid DASHlong | +0.0652% | 1h | 59.162 | long leg | $4.5M | $2.3M | 5x |
Hyperliquid DASH
Lighter DASH
Deribit DASH_USDC-PERPETUAL
Injective DASH/USDC PERP
KuCoin DASHUSDTM
Aster DASHUSDT
Binance DASHUSDT
Bybit DASHUSDT
OKX DASH-USDT-SWAP
Gate DASH_USDT
MEXC DASH_USDT
Bitget DASHUSDT
BingX DASH-USDT
Variational Omni DASH
SunX DASH-USDT
SoDEX DASH-USD
HTX DASH-USDT
Extended DASH-USD
BloFin DASH-USDT
Coinbase International DASH-PERP-INTX
GMX DASH/USD [WBTC.b-USDC]
Kraken Futures PF_DASHUSD