Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%
Price spread now: BingX against Lighter−0.050%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$130.128% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.050%, 7d avg −0.034%
=Together, before fees−0.065%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 93.343 | 0.0096 | pay 0.0012% / 1h | 7m 43s | $18.6M | $59.9M | 20x |
| Short | BingX HYPE-USDT | 93.296 | 0.0100 | get 0.0050% / 4h | 2h 07m | — | $54.1M | — |
Lighter HYPE
BingX HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: −0.050% → −0.034%
- −$1.55
- Slippage, 4 orders
- −$2.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$13.49
- Costs to cover
- 0.128%
- Break-even
- 119.4 days
Slippage from Lighter: live order book, 11 min ago; BingX: live order book, 16 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, 11 min ago | 0.82 bp | 1.1 bp −$1 | 2.5 bp −$25 | 10.2 bp −$1,022 | 43.0 bp −$21.5K |
| Sell BingX live order book, 16 min ago | 0.11 bp | 5.1 bp −$5 | 6.2 bp −$62 | 10.1 bp −$1,011 | 14.4 bp −$7,208 |
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 | −0.0896% | 1h | 93.344 | +0.001% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0254% | 1h | 93.424 | +0.088% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0226% | 1h | 93.240 | −0.110% | $700K | $931K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.323 | −0.021% | $90K | $356K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.296 | −0.050% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0035% | 1h | 93.258 | −0.090% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0022% | 1h | 93.304 | −0.042% | $110K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | +0.044% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.278 | −0.070% | $23K | $334K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.340 | −0.003% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Derive HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0010% | 4h | 93.308 | −0.037% | $8.9M | $35.8M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0029% | 8h | 93.310 | −0.035% | $325.0M | $287.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.305 | −0.040% | $58K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0032% | 4h | 93.294 | −0.052% | $43.9M | $57.8M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0054% | 4h | 93.327 | −0.017% | $165K | $539K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.605 | +0.281% | $216K | $1.2M | 10x | as long as short |
| SoDEX HYPE-USD | +0.0090% | 1h | 93.304 | −0.041% | $2.0M | $2.0M | 10x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 93.343 | long leg | $18.6M | $59.9M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 93.332 | −0.011% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.327 | −0.017% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.320 | −0.024% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | −0.041% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.396 | +0.058% | $2.03B | $670.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.330 | −0.013% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.303 | −0.042% | $385.1M | $889.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.290 | −0.056% | $114.6M | $314.7M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.281 | −0.066% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | −0.062% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.304 | −0.041% | $93.1M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | −0.038% | $46.1M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.324 | −0.020% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDTshort | +0.0100% | 4h | 93.296 | −0.050% | — | $54.1M | — | |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.334 | −0.009% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.263 | −0.086% | $29.1M | $50.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.311 | −0.034% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.267 | −0.081% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.324 | −0.020% | $675K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.330 | −0.014% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.341 | −0.002% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.299 | −0.047% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.358 | +0.017% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.343 | +0.001% | $12.7M | $2.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0101% | 8h | 93.395 | +0.056% | $1.9M | $5.2M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.292 | −0.054% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.311 | −0.034% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0115% | 4h | 93.290 | −0.056% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | +0.051% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.304 | −0.041% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.608% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0292% | 4h | 93.469 | +0.136% | $1.5M | $7.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.420 | +0.083% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.346 | +0.004% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.271 | −0.077% | $17.1M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.367 | +0.026% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.430 | +0.094% | $19.1M | $26.2M | 50x | as long as short |
Aster HYPEUSDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
SoDEX HYPE-USD
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
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
Phemex HYPEUSDT
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD