HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0477%/8h= +52.2% APRnext payment +$0.60 per $10,000 · paid last 24h +0.038%

Price spread now: Lighter against Aftermath Perps−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.027% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.358	−0.0381	get 0.0048% / 1h	34m 35s	$22K	$21K	10x
Short	Lighter HYPE	93.333	0.0096	get 0.0012% / 1h	34m 35s	$16.1M	$63.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aftermath Perps. 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

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee LighterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $100.07
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $88.35
Costs to cover: 0.090%
Break-even: 0.8 days

Slippage unknown: Aftermath Perps: no order-book sample; Lighter: live order book, 4 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	0.40 bp	0.6 bp −$1	1.7 bp −$17	11.7 bp −$1,175	45.6 bp −$22.8K

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 55 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
Hibachi HYPE/USDT-P	−0.1664%	1h	93.244	−0.122%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSDlong	−0.0381%	1h	93.358	long leg	$22K	$21K	10x
Hotstuff HYPE-PERP	−0.0080%	1h	93.328	−0.032%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	93.494	+0.145%	$112K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0022%	4h	93.508	+0.160%	$146K	$662K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.305	−0.057%	$87K	$366K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.367	+0.009%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.487	+0.138%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.534	+0.188%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.274	−0.090%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0013%	1h	93.430	+0.077%	$702K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0016%	4h	93.284	−0.080%	$225.5M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.250	−0.116%	$316.8M	$283.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.434	+0.081%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0033%	8h	93.518	+0.171%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	93.304	−0.058%	$5.0M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.356	−0.002%	$340K	$162K	20x	as long as short
Lighter HYPEshort	+0.0096%	1h	93.333	−0.027%	$16.1M	$63.1M	20x
Lighter RH HYPE	+0.0096%	1h	93.343	−0.016%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.285	−0.078%	$76K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	−0.105%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.314	−0.047%	$8.0M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.409	+0.054%	$2.03B	$668.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.360	+0.002%	$8.7M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.339	−0.021%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.287	−0.076%	$373.8M	$913.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.260	−0.105%	$114.3M	$309.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.312	−0.050%	$46.7M	$54.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.312	−0.050%	$89.8M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.324	−0.037%	$46.1M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.325	−0.036%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.529	+0.183%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.351	−0.008%	$28.6M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.365	+0.008%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.331	−0.029%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.497	+0.149%	$669K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.365	+0.007%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.512	+0.165%	$484K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.516	+0.169%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.496	+0.147%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.475	+0.125%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.523	+0.176%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.600	+0.259%	$1.4M	$6.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.344	−0.015%	$215K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.274	−0.091%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.520	+0.173%	$395K	$161K	20x	as long as short
Kalshi KXHYPEPERP	+0.0112%	8h	93.541	+0.196%	$1.8M	$5.7M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.350	−0.009%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.500	+0.152%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.495	+0.146%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.526	+0.180%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.516	+0.169%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.596	+0.254%	$20.9M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0509%	1h	93.608	+0.267%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.364	+0.006%	$3.2M	$6.2M	20x	as long as short