Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter RH against Katana Perps+0.135%55s7-day average +0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.008%+$1 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.135%, 7d avg +0.044%
=Together, before fees−0.083%+ Points / potential airdropLighter RH: Points live · farm board−$8 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 RH is 0.091% dearer against Katana Perps than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 93.000 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $35K | $1.6M | 10x |
| Short | Lighter RH HYPE | 93.126 | 0.0096 | get 0.0012% / 1h | 39m 37s | $3.1M | $11.9M | 20x |
Katana Perps HYPE-USD
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Katana Perps. 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
- −$0.8
- Price spread: +0.135% → +0.044%
- $9.14
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $4.54
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Katana Perps: no order-book sample; Lighter RH: 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 4 min ago | 1.18 bp | 1.3 bp −$1 | 3.0 bp −$30 | 29.2 bp −$2,920 | doesn't fit |
Katana 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 | −0.0952% | 1h | 93.181 | +0.194% | $196K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 92.992 | −0.009% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0153% | 1h | 93.266 | +0.286% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0152% | 1h | 93.080 | +0.086% | $696K | $981K | 10x | as long as short |
| Gate HYPE_USDT | −0.0100% | 4h | 93.104 | +0.112% | $44.1M | $54.2M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0097% | 1h | 93.053 | +0.057% | $7.8M | $10.4M | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 92.967 | −0.035% | $84K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.062 | +0.067% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0057% | 4h | 93.004 | +0.004% | $155K | $652K | 20x | as long as short |
| Aster HYPEUSDT | −0.0042% | 4h | 93.094 | +0.101% | $8.8M | $36.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Gate HYPE_USDT
Backpack HYPE_USDC_PERP
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin HYPE-PERP | −0.0036% | 1h | 92.997 | −0.003% | $79K | $174K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0005% | 8h | 93.065 | +0.070% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.089 | +0.095% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.004 | +0.005% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.001 | +0.001% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0005% | 8h | 93.120 | +0.129% | $320.0M | $285.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.126 | +0.135% | — | $54.3M | — | as long as short |
| Bullet HYPE-USD | +0.0025% | 1h | 92.961 | −0.042% | $111K | $579K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0040% | 4h | 93.135 | +0.145% | $87.5M | $82.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0040% | 4h | 93.139 | +0.149% | $379.0M | $906.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0056% | 4h | 93.325 | +0.349% | $5.1M | $29.8M | 30x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.266 | +0.286% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0067% | 8h | 93.139 | +0.149% | $114.7M | $314.8M | 50x | as long as short |
| Derive HYPE-PERP | +0.0067% | 1h | 92.992 | −0.008% | $16.1M | $7.6M | 10x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.036 | +0.038% | $396K | $177K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.239 | +0.257% | $339K | $165K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.129 | +0.139% | $16.3M | $62.3M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.126 | +0.135% | $3.1M | $11.9M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.965 | −0.038% | $65K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 93.000 | long leg | $35K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 92.968 | −0.035% | $5.6M | $45.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.191 | +0.205% | $2.03B | $668.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.157 | +0.169% | $10.0M | $14.8M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.434% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.132 | +0.142% | $45.9M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.137 | +0.147% | $225.3M | $100.8M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.151 | +0.162% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.215 | +0.231% | $7.5M | $47.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.355 | +0.382% | $337K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.219 | +0.235% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.057 | +0.062% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.990 | −0.011% | $465K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.184 | +0.198% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.076 | +0.082% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.062 | +0.066% | $18.3M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.180 | +0.194% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.110 | +0.118% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.438% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.162 | +0.175% | $2.7M | $6.7M | 20x | as long as short |
| HTX HYPE-USDT | +0.0238% | 4h | 93.300 | +0.323% | $1.4M | $6.1M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 92.935 | −0.070% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0260% | 8h | 93.177 | +0.190% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 92.989 | −0.012% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0556% | 1h | 93.181 | +0.195% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0684% | 1h | 93.198 | +0.213% | $20.8M | $30.1M | 50x | as long as short |
Bluefin HYPE-PERP
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Lighter HYPE
Popdex HYPEUSDT
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD