Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.008%
Price spread now: Lighter RH against Vest−0.055%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.055%, 7d avg +0.013%
=Together, before fees+0.059%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board+$6 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 0.068% cheaper against Vest than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest HYPE-PERP | 93.692 | 0.0100 | pay 0.0013% / 1h | 44m 19s | — | $243K | 5x |
| Short | Lighter RH HYPE | 93.641 | 0.0096 | get 0.0012% / 1h | 44m 19s | $3.1M | $11.1M | 20x |
Vest HYPE-PERP
Lighter RH HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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: −0.055% → +0.013%
- −$6.81
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$9.65
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Vest: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 4 min ago | 0.53 bp | 1.9 bp −$2 | 3.1 bp −$31 | 28.6 bp −$2,857 | doesn't fit |
Vest: 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 | −0.1080% | 1h | 93.595 | −0.104% | $198K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0218% | 1h | 93.728 | +0.038% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0130% | 1h | 93.600 | −0.099% | $705K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.575 | −0.125% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0065% | 1h | 93.617 | −0.081% | $111K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.685 | −0.008% | $87K | $371K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0034% | 1h | 93.605 | −0.093% | $79K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.574 | −0.126% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.695 | +0.002% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.679 | −0.014% | $20K | $290K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.651 | −0.044% | $63K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.603 | −0.095% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0007% | 8h | 93.578 | −0.122% | $316.1M | $288.5M | 75x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.654 | −0.041% | $209K | $1.1M | 10x | as long as short |
| Derive HYPE-PERP | +0.0024% | 1h | 93.547 | −0.155% | $16.3M | $7.4M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.582 | −0.118% | $225.6M | $99.7M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0079% | 8h | 93.689 | −0.004% | $12.8M | $2.8M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0081% | 8h | 93.674 | −0.020% | $335K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.629 | −0.068% | $1.0M | $4.0M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0087% | 4h | 93.627 | −0.070% | $5.0M | $30.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.643 | −0.053% | $16.2M | $63.7M | 20x | as long as short |
| Lighter RH HYPEshort | +0.0096% | 1h | 93.641 | −0.055% | $3.1M | $11.1M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.660 | −0.034% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.690 | −0.002% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.645 | −0.050% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.720 | +0.030% | $2.05B | $683.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.640 | −0.056% | $8.8M | $37.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.671 | −0.023% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.637 | −0.060% | $375.3M | $931.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.575 | −0.125% | $115.7M | $316.0M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.618 | −0.079% | $48.3M | $55.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.626 | −0.071% | $90.0M | $83.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.651 | −0.044% | $46.3M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.685 | −0.008% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.579 | −0.121% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.664 | −0.030% | $7.5M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.636 | −0.060% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.613 | −0.085% | $678K | $2.8M | 20x | as long as short |
| Vest HYPE-PERPlong | +0.0100% | 1h | 93.692 | long leg | — | $243K | 5x | |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.650 | −0.045% | $470K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.638 | −0.058% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.680 | −0.013% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.802 | +0.117% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | +0.041% | $216K | $15K | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.0102% | 8h | 93.683 | −0.010% | $1.8M | $5.6M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.546 | −0.156% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.589 | −0.111% | $396K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.710 | +0.019% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.520 | −0.184% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.594 | −0.105% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0295% | 1h | 93.670 | −0.024% | $7.4M | $4.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.641 | −0.055% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.686 | −0.007% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0415% | 1h | 93.664 | −0.030% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.703 | +0.011% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Derive HYPE-PERP
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
edgeX HYPEUSDC
Lighter HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC