Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Lighter+0.131%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$180.179% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)−0.135%−$13 · spread now +0.131%, 7d avg −0.037%
=Together, before fees−0.121%+ Points / potential airdropLighter: Season 3 · farm board−$12 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: ApeX Omni is 0.168% dearer against Lighter than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.697 | 0.0096 | pay 0.0012% / 1h | 3m 29s | $18.9M | $60.8M | 20x |
| Short | ApeX Omni HYPEUSDT | 93.820 | 0.0100 | get 0.0013% / 1h | 3m 29s | $340K | $1.1M | 50x |
Lighter HYPE
ApeX Omni HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $0.84
- Price spread: +0.131% → −0.037%
- $16.83
- Slippage, 4 orders
- −$7.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$0.23
- Costs to cover
- 0.179%
- Break-even
- 8.9 days
Slippage from Lighter: live order book, 6 min ago; ApeX Omni: live order book, 1 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 Lighter live order book, 6 min ago | 0.44 bp | 0.4 bp $0 | 1.7 bp −$17 | 11.5 bp −$1,146 | 42.2 bp −$21.1K |
| Sell ApeX Omni live order book, 1 min ago | 3.20 bp | 8.2 bp −$8 | 11.3 bp −$113 | doesn't fit | doesn't fit |
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 | −0.1120% | 1h | 93.756 | +0.063% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.536 | −0.172% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0194% | 1h | 93.910 | +0.227% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0097% | 1h | 93.680 | −0.018% | $710K | $957K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.646 | −0.055% | $85K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.669 | −0.030% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | −0.0079% | 1h | 93.695 | −0.002% | $128K | $31K | 5x | as long as short |
| Phemex HYPEUSDT | −0.0073% | 8h | 93.801 | +0.111% | $12.8M | $2.6M | 50x | as long as short |
| Bullet HYPE-USD | −0.0046% | 1h | 93.872 | +0.187% | $113K | $580K | 20x | as long as short |
| Gate HYPE_USDT | −0.0036% | 4h | 93.661 | −0.039% | $44.4M | $60.4M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Phemex HYPEUSDT
Bullet HYPE-USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0035% | 4h | 93.840 | +0.152% | $159K | $643K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.919 | +0.236% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.898 | +0.215% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0004% | 4h | 93.708 | +0.012% | $8.9M | $36.0M | 300x | as long as short |
| Derive HYPE-PERP | +0.0016% | 1h | 93.810 | +0.120% | $16.4M | $7.6M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.632 | −0.070% | $322.0M | $278.7M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.045 | +0.371% | $214K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.660 | −0.040% | $87.9M | $83.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.644 | −0.057% | $382.4M | $893.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0072% | 8h | 93.639 | −0.062% | $115.7M | $313.9M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0074% | 4h | 93.859 | +0.172% | $5.1M | $29.7M | 30x | as long as short |
| Bluefin HYPE-PERP | +0.0076% | 1h | 93.841 | +0.153% | $76K | $170K | 20x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.697 | long leg | $18.9M | $60.8M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.678 | −0.020% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.643 | −0.058% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.851 | +0.164% | $399K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.681 | −0.017% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.670 | −0.029% | $31K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.675 | −0.024% | $6.6M | $44.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.750 | +0.056% | $2.04B | $669.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.686 | −0.012% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.672 | −0.027% | $46.5M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.657 | −0.043% | $226.7M | $100.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.647 | −0.054% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.736 | +0.041% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.768 | +0.075% | $31.3M | $53.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.861 | +0.174% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDTshort | +0.0100% | 1h | 93.820 | +0.131% | $340K | $1.1M | 50x | |
| StandX HYPE-USD | +0.0100% | 1h | 93.880 | +0.195% | $670K | $2.6M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.906 | +0.223% | $474K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.940 | +0.259% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.824 | +0.135% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.210% | $204K | $10K | 10x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.723 | +0.027% | — | $243K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.605 | −0.098% | $18.4M | $44.9M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.900 | +0.216% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.760 | +0.067% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0216% | 4h | 93.818 | +0.129% | $17.1M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.706 | +0.009% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0246% | 8h | 93.912 | +0.229% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.873 | +0.187% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0157% | 1h | 93.895 | +0.211% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0366% | 4h | 94.112 | +0.443% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0421% | 1h | 93.922 | +0.240% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 93.906 | +0.223% | $20.9M | $29.7M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Bluefin HYPE-PERP
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Vest HYPE-PERP
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD