Funding you earn now, next payment 03:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h +0.030%
Price spread now: Lighter against Kalshi+0.004%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now +0.004%, 7d avg +0.020%
=Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.179%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXHYPEPERP | 92.902 | 0.0267 | pay 0.0267% / 8h | 1h 03m | $1.9M | $5.2M | 2.3x |
| Short | Lighter HYPE | 92.906 | 0.0096 | get 0.0012% / 1h | 3m 58s | $16.1M | $62.2M | 20x |
Kalshi KXHYPEPERP
Lighter HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kalshi. 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
- −$35.9
- Price spread: +0.004% → +0.020%
- −$1.6
- Slippage, 4 orders
- −$8.87
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$56.36
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; Lighter: live order book, 5 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 Kalshi live order book, 5 min ago | 1.77 bp | 7.1 bp −$7 | 11.7 bp −$117 | 18.3 bp −$1,828 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.32 bp | 0.7 bp −$1 | 3.5 bp −$35 | 13.1 bp −$1,308 | 40.8 bp −$20.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0899% | 1h | 92.708 | −0.209% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0896% | 1h | 92.844 | −0.063% | $195K | $227K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 92.760 | −0.153% | $698K | $1.0M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0091% | 1h | 93.018 | +0.125% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.841 | −0.066% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 92.787 | −0.124% | $86K | $348K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0055% | 4h | 92.815 | −0.094% | $158K | $658K | 20x | as long as short |
| Bullet HYPE-USD | −0.0002% | 1h | 92.826 | −0.082% | $111K | $579K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.903 | +0.001% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.818 | −0.091% | $23K | $309K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0001% | 4h | 92.881 | −0.022% | $8.8M | $36.0M | 300x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.861 | −0.044% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0023% | 8h | 92.879 | −0.025% | $12.5M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.003 | +0.109% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0038% | 4h | 92.517 | −0.414% | — | $53.1M | — | as long as short |
| Bybit HYPEUSDT | +0.0044% | 8h | 92.880 | −0.024% | $319.5M | $277.2M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 92.874 | −0.030% | $44.4M | $55.9M | 75x | as long as short |
| Derive HYPE-PERP | +0.0067% | 1h | 92.818 | −0.090% | $16.1M | $7.5M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0071% | 8h | 92.871 | −0.033% | $113.2M | $299.0M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0086% | 4h | 92.569 | −0.358% | $87.9M | $81.6M | 100x | as long as short |
| Binance HYPEUSDT | +0.0086% | 4h | 92.873 | −0.031% | $375.7M | $883.0M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 92.863 | −0.042% | $339K | $163K | 20x | as long as short |
| Lighter HYPEshort | +0.0096% | 1h | 92.906 | +0.004% | $16.1M | $62.2M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.898 | −0.004% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.811 | −0.098% | $67K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.800 | −0.110% | $20K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.827 | −0.080% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.937 | +0.038% | $2.03B | $654.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.857 | −0.048% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.906 | +0.004% | $46.0M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.732 | −0.183% | $224.2M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.867 | −0.038% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.797 | −0.113% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | +0.291% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.081 | +0.193% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.886 | −0.017% | $664K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.860 | −0.045% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.865 | −0.040% | $469K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.821 | −0.087% | $79K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.921 | +0.020% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.891 | −0.012% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.810 | −0.099% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.702 | −0.215% | $18.3M | $42.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.866 | −0.039% | $395K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 92.971 | +0.074% | $5.0M | $29.0M | 30x | as long as short |
| HTX HYPE-USDT | +0.0108% | 4h | 93.023 | +0.130% | $1.4M | $6.1M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 92.920 | +0.019% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 92.816 | −0.092% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERPlong | +0.0267% | 8h | 92.902 | long leg | $1.9M | $5.2M | 2.3x | |
| BloFin HYPE-USDT | +0.0326% | 4h | 92.824 | −0.084% | $16.9M | $11.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 92.858 | −0.047% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0460% | 1h | 92.983 | +0.087% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 92.921 | +0.020% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.390 | +0.525% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0688% | 1h | 92.955 | +0.057% | $20.7M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
Derive HYPE-PERP
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD