Funding you earn now, next payment 06:00 UTC−0.1123%/8h= −123.0% APRnext payment −$1.40 per $10,000 · paid last 24h −0.158%
Price spread now: Hyperliquid against Lighter−0.266%7-day average +0.019% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.367%−$37 on $10k
+Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.266%, 7d avg +0.019%
=Together, before fees−0.103%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Hyperliquid is 0.284% cheaper against Lighter than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.367% in total (about -19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 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 GRASS | 0.4403 | 0.1608 | pay 0.0201% / 1h | 20m 01s | $849K | $982K | 5x |
| Short | Hyperliquid GRASS | 0.4391 | 0.0485 | get 0.0061% / 1h | 20m 01s | $16.7M | $4.4M | 3x |
Lighter GRASS
Hyperliquid GRASSFunding 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
- −$235.93
- Price spread: −0.266% → +0.019%
- −$28.43
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$273.36
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 25 min ago; Hyperliquid: live order book, 3 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 Lighter live order book, 25 min ago | 29.22 bp | 124.2 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 5.52 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0109% | 1h | 0.4383 | −0.450% | $659 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | −3.087% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4386 | −0.375% | $10.4M | $34.4M | 75x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4382 | −0.470% | $24.9M | $19.1M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4384 | −0.429% | $3.4M | $19.8M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4381 | −0.497% | $1.2M | $1.8M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4386 | −0.384% | $1.5M | $2.8M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4382 | −0.475% | $1.3M | $1.9M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4380 | −0.518% | $5.2M | $3.6M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4383 | −0.452% | — | $7.4M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDT
BingX GRASS-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GRASS | +0.0100% | 4h | 0.4381 | −0.492% | $2.2M | $1.3M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4383 | −0.457% | $219K | $775K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0144% | 4h | 0.4385 | −0.407% | $557K | $373K | 20x | as long as short |
| Aster GRASSUSDT | +0.0457% | 4h | 0.4383 | −0.451% | $64K | $300K | 10x | as long as short |
| Hyperliquid GRASSshort | +0.0485% | 1h | 0.4391 | −0.266% | $16.7M | $4.4M | 3x | |
| Kraken Futures PF_GRASSUSD | +0.1463% | 1h | 0.4382 | −0.468% | $159K | $147K | 20x | as long as short |
| Lighter GRASSlong | +0.1608% | 1h | 0.4403 | long leg | $849K | $982K | 5x |
Variational Omni GRASS
Extended GRASS-USD
BloFin GRASS-USDT
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD