Funding you earn now, next payment 06:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against Lighter+0.115%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.279% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.115%, 7d avg +0.010%
=Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.105% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LIT | 4.8641 | 0.0096 | pay 0.0012% / 1h | 17m 39s | $60.6M | $28.3M | 5x |
| Short | Hyperliquid LIT | 4.8697 | 0.0207 | get 0.0026% / 1h | 17m 39s | $219.5M | $41.1M | 5x |
Lighter LIT
Hyperliquid LITFunding 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
- $23.35
- Price spread: +0.115% → +0.010%
- $10.5
- Slippage, 4 orders
- −$18.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $5.99
- Costs to cover
- 0.279%
- Break-even
- 5.2 days
Slippage from Lighter: live order book, 6 min ago; Hyperliquid: live order book, 6 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 | 0.73 bp | 4.4 bp −$4 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.10 bp | 15.4 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LIT-PERP-INTX | −0.0448% | 1h | 4.8470 | −0.351% | $613K | $370K | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0354% | 4h | 4.8660 | +0.039% | $33K | $1K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0238% | 1h | 4.8713 | +0.148% | $43K | $40K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0216% | 1h | 4.8602 | −0.080% | $32K | $4K | 5x | as long as short |
| Bullet LIT-USD | −0.0166% | 1h | 4.8669 | +0.058% | $87K | $66K | 20x | as long as short |
| GRVT LIT_USDT_Perp | −0.0144% | 4h | 4.7790 | −1.750% | $891K | $1.9M | 10x | as long as short |
| OKX LIT-USDT-SWAP | −0.0143% | 4h | 4.8648 | +0.014% | $26.2M | $63.0M | 50x | as long as short |
| Phemex LITUSDT | −0.0140% | 4h | 4.8690 | +0.101% | $1.4M | $2.8M | 20x | as long as short |
| Phoenix LIT | −0.0017% | 1h | 4.8141 | −1.028% | $207K | $283K | 5x | as long as short |
| RISEx LIT/USDC | −0.0012% | 1h | 4.8608 | −0.068% | $845K | $2.2M | 5x | as long as short |
Coinbase International LIT-PERP-INTX
Orderly PERP_LIT_USDC
Deribit LIT_USDC-PERPETUAL
01 Exchange LITUSD
Bullet LIT-USD
GRVT LIT_USDT_Perp
OKX LIT-USDT-SWAP
Phemex LITUSDT
Phoenix LIT
RISEx LIT/USDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX LIT-USD | 0.0000% | 1h | 4.8640 | −0.001% | $35K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.8711 | +0.143% | $12K | — | 150x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | −1.236% | $422 | $178K | 5.5x | as long as short |
| KuCoin LITUSDTM | +0.0048% | 4h | 4.8645 | +0.008% | $5.5M | $1.0M | 30x | as long as short |
| Bybit LITUSDT | +0.0072% | 4h | 4.8670 | +0.060% | $42.2M | $28.8M | 75x | as long as short |
| Paradex LIT-USD-PERP | +0.0094% | 8h | 4.8620 | −0.044% | $7K | $2K | 5x | as long as short |
| Lighter LITlong | +0.0096% | 1h | 4.8641 | long leg | $60.6M | $28.3M | 5x | |
| Nado LIT-PERP | +0.0100% | 1h | 4.8610 | −0.064% | $2.2M | $1.7M | 10x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.8675 | +0.071% | $623K | $1.7M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.8649 | +0.016% | $78.2M | $77.4M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.8680 | +0.080% | $121K | $471K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7822 | −1.683% | $119K | $7K | 10x | as long as short |
| Gate LIT_USDT | +0.0100% | 4h | 4.8680 | +0.080% | $2.8M | $4.2M | 50x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.8632 | −0.019% | $6.0M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.8680 | +0.080% | $6.9M | $2.6M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.8767 | +0.259% | $683K | $1.1M | 5x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.8045 | −1.224% | $294K | $304K | 10x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7750 | −1.832% | $57K | $74K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.8615 | −0.053% | $457K | $84K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.8731 | +0.185% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.8690 | +0.101% | $4K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.8705 | +0.132% | $1K | $336K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.8615 | −0.053% | $202K | $342K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.8653 | +0.024% | $5.3M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.8700 | +0.121% | $152K | — | 3x | as long as short |
| Lighter RH LIT | +0.0176% | 1h | 4.8693 | +0.107% | $3.7M | $13.3M | 5x | as long as short |
| Hyperliquid LITshort | +0.0207% | 1h | 4.8697 | +0.115% | $219.5M | $41.1M | 5x | |
| Aster LITUSDT | +0.0229% | 4h | 4.8729 | +0.182% | $13.0M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0261% | 1h | 4.8071 | −1.173% | $9K | $217K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.8370 | −0.557% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0429% / S −0.0217% | 1h | 4.8718 | +0.159% | $65K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.8614 | −0.055% | $35K | $686K | 33x | as long as short |
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
Injective LIT/USDC PERP
KuCoin LITUSDTM
Bybit LITUSDT
Paradex LIT-USD-PERP
Nado LIT-PERP
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
Bulk LIT-USD
Gate LIT_USDT
MEXC LIT_USDT
Bitget LITUSDT
Backpack LIT_USDC_PERP
edgeX LITUSDC
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aster LITUSDT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT