Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Bluefin+0.011%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.011%, 7d avg +0.045%
=Together, before fees+0.206%+ Points / potential airdropLighter: Season 3 · 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: Lighter is 0.034% cheaper against Bluefin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 92.856 | 0.0100 | pay 0.0013% / 1h | 46m 36s | $79K | $167K | 20x |
| Short | Lighter HYPE | 92.866 | 0.0096 | get 0.0012% / 1h | 46m 36s | $16.1M | $62.4M | 20x |
Bluefin HYPE-PERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bluefin. 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: +0.011% → +0.045%
- −$3.42
- Slippage, 4 orders
- −$28.03
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$39.3
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 7 min ago; Lighter: 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 Bluefin live order book, 7 min ago | 5.54 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.58 bp | 1.1 bp −$1 | 3.2 bp −$32 | 12.4 bp −$1,239 | 45.2 bp −$22.6K |
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 | −0.0824% | 1h | 92.732 | −0.134% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0263% | 1h | 92.905 | +0.053% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.814 | −0.045% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.848 | −0.009% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.831 | −0.027% | $157K | $660K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.854 | −0.002% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.965 | +0.117% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.926 | +0.075% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.900 | +0.047% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.017 | +0.173% | $210K | $1.2M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0034% | 8h | 92.870 | +0.015% | $316.1M | $282.4M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0039% | 1h | 92.800 | −0.060% | $698K | $1.1M | 10x | as long as short |
| Bullet HYPE-USD | +0.0041% | 1h | 92.849 | −0.007% | $112K | $578K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0045% | 8h | 92.892 | +0.039% | $12.5M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 92.898 | +0.045% | $87K | $362K | 20x | as long as short |
| Gate HYPE_USDT | +0.0074% | 4h | 92.832 | −0.026% | $44.7M | $53.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0076% | 4h | 92.836 | −0.022% | $224.9M | $99.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 92.844 | −0.013% | $69K | $1.1M | 50x | as long as short |
| Aster HYPEUSDT | +0.0090% | 4h | 92.837 | −0.020% | $8.7M | $36.1M | 300x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 92.897 | +0.045% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 92.866 | +0.011% | $16.1M | $62.4M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.858 | +0.002% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.869 | +0.014% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.840 | −0.017% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.840 | −0.018% | $7.4M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.897 | +0.044% | $2.02B | $665.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.869 | +0.014% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.881 | +0.027% | $373.5M | $904.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.884 | +0.030% | $113.8M | $304.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.092% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.834 | −0.024% | $87.3M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.848 | −0.009% | $46.0M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.840 | −0.017% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.874 | +0.019% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.989 | +0.143% | $28.6M | $57.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.944 | +0.095% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.890 | +0.037% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.889 | +0.036% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.938 | +0.088% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.916 | +0.065% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 92.856 | long leg | $79K | $167K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 92.850 | −0.006% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.863 | +0.008% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.863 | +0.008% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.807 | −0.053% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.886 | +0.032% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.970 | +0.123% | $4.7M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0186% | 4h | 93.050 | +0.209% | $1.4M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.917 | +0.065% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.317% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.870 | +0.015% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.879 | +0.024% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0331% | 1h | 92.959 | +0.111% | $7.5M | $4.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.867 | +0.012% | $16.7M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.907 | +0.055% | $3.1M | $6.4M | 20x | as long as short |
Bybit HYPEUSDT
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Phemex HYPEUSDT
01 Exchange HYPEUSD
Gate HYPE_USDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Aster HYPEUSDT
edgeX HYPEUSDC
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
RISEx HYPE/USDC