HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.035%

Price spread now: Ondo Perps against Lighter+0.011%7-day average −0.027% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days−0.290%−$29 · spread now +0.011%, 7d avg −0.027%

Together, before fees−0.412%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.037% dearer against Lighter than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.027%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HYPE	92.820	0.0096	pay 0.0012% / 1h	21m 20s	$16.0M	$62.7M	20x
Short	Ondo Perps HYPE-USD.P	92.830	0.0018	get 0.0002% / 1h	21m 20s	$697K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Ondo PerpsbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$16.46
Price spread: +0.011% → −0.027%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$17.71
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; Ondo Perps: no order-book sample. 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 Lighter live order book, 8 min ago	0.73 bp	0.8 bp −$1	1.7 bp −$17	9.8 bp −$984	41.9 bp −$21.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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	−0.1712%	1h	92.605	−0.232%	$193K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0292%	1h	92.729	−0.098%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.841	+0.023%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.866	+0.050%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0058%	4h	92.851	+0.033%	$145K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	92.854	+0.037%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.850	+0.032%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.870	+0.054%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.894	+0.079%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.Pshort	+0.0018%	1h	92.830	+0.011%	$697K	$1.1M	10x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0024%	1h	92.908	+0.095%	$87K	$364K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.921	+0.109%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.866	+0.050%	$315.9M	$283.3M	75x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	92.890	+0.075%	$81K	$1.1M	50x	as long as short
Bitget HYPEUSDT	+0.0044%	4h	92.880	+0.065%	$224.8M	$99.0M	75x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	92.862	+0.045%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0092%	4h	92.873	+0.057%	$45.1M	$54.5M	75x	as long as short
Lighter HYPElong	+0.0096%	1h	92.820	long leg	$16.0M	$62.7M	20x
Lighter RH HYPE	+0.0096%	1h	92.800	−0.022%	$3.1M	$11.6M	20x	as long as short
edgeX HYPEUSDC	+0.0098%	4h	92.694	−0.136%	$4.9M	$29.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.874	+0.058%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.870	+0.054%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.805	−0.017%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.906	+0.093%	$2.02B	$666.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.852	+0.035%	$8.7M	$36.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.854	+0.037%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.874	+0.058%	$373.5M	$906.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.863	+0.046%	$114.1M	$303.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.120%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.895	+0.081%	$91.3M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.873	+0.057%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.871	+0.055%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.693	−0.137%	$7.2M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.768	−0.056%	$28.5M	$57.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.808	−0.013%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.725	−0.102%	$340K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.765	−0.059%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.877	+0.061%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.908	+0.095%	$487K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.892	+0.078%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.858	+0.041%	$16.0M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.903	+0.089%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.874	+0.058%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.995	+0.189%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.843	+0.025%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.861	+0.044%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	92.718	−0.110%	$1.8M	$5.4M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.900	+0.086%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.956	+0.147%	$20.7M	$29.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	+0.356%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	92.873	+0.057%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.893	+0.079%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.682	−0.149%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0450%	1h	92.967	+0.158%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.924	+0.112%	$3.2M	$6.4M	20x	as long as short