Funding you earn now, next payment 03:00 UTC−0.0644%/8h= −70.6% APRnext payment −$0.81 per $10,000 · paid last 24h −0.053%
Price spread now: Hyperliquid against Lighter−0.350%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Hyperliquid is 0.350% cheaper against Lighter than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter KAITO | 0.3512 | 0.1536 | pay 0.0192% / 1h | 11m 32s | $86K | $94K | 5x |
| Short | Hyperliquid KAITO | 0.3500 | 0.0892 | get 0.0111% / 1h | 11m 32s | $2.0M | $790K | 5x |
Lighter KAITO
Hyperliquid KAITOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$135.33
- Price spread: −0.350% → 0.000%
- −$35.02
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$179.34
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 9 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 1.70 bp | 16.7 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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.
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective KAITO/USDC PERP | −0.0368% | 1h | 0.3516 | +0.105% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −4.044% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0066% | 4h | 0.3502 | −0.293% | $472K | $66K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3494 | −0.507% | $120K | $48K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3494 | −0.521% | $18K | $15K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3499 | −0.384% | $10.6M | $16.6M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3506 | −0.179% | $4.5M | $7.3M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3501 | −0.322% | $4.3M | $10.5M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3493 | −0.549% | $674K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3494 | −0.521% | $3.4M | $1.1M | 50x | as long as short |
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3494 | −0.521% | $1.4M | $166K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3497 | −0.436% | $4.4M | $3.3M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3493 | −0.549% | — | $6.5M | — | as long as short |
| Backpack KAITO_USDC_PERP | +0.0100% | 1h | 0.3495 | −0.498% | $20K | $161K | 10x | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3504 | −0.245% | $235K | $2.6M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3503 | −0.265% | $30K | $257K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3498 | −0.421% | $12K | $4.2M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3494 | −0.524% | $3K | $2K | 10x | as long as short |
| edgeX KAITOUSDC | +0.0100% | 4h | 0.3502 | −0.288% | $17K | $322K | 5x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3498 | −0.404% | $78K | $54K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3492 | −0.572% | $242K | — | 3x | as long as short |
| Paradex KAITO-USD-PERP | +0.0128% | 8h | 0.3495 | −0.485% | $4K | $604 | 10x | as long as short |
| Variational Omni KAITO | +0.0145% | 4h | 0.3520 | +0.214% | $44K | $228K | — | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0701% | 1h | 0.3496 | −0.454% | $245K | $152K | 10x | as long as short |
| Hyperliquid KAITOshort | +0.0892% | 1h | 0.3500 | −0.350% | $2.0M | $790K | 5x | |
| Lighter KAITOlong | +0.1536% | 1h | 0.3512 | long leg | $86K | $94K | 5x | |
| 01 Exchange KAITOUSD | +0.7832% | 1h | 0.3580 | +1.930% | $6K | $2K | 3x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Backpack KAITO_USDC_PERP
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
edgeX KAITOUSDC
Extended KAITO-USD
Aevo KAITO-PERP
Paradex KAITO-USD-PERP
Variational Omni KAITO
Kraken Futures PF_KAITOUSD
01 Exchange KAITOUSD