Funding you earn now, next payment 06:00 UTC+0.0317%/8h= +34.8% APRnext payment +$0.40 per $10,000 · paid last 24h +0.180%
Price spread now: Hyperliquid against Lighter+0.140%7-day average +0.117% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.140%, 7d avg +0.117%
=Together, before fees−0.145%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.023% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.117%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 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 POPCAT | 0.05632 | 0.0096 | pay 0.0012% / 1h | 52m 17s | $101K | $56K | 10x |
| Short | Hyperliquid POPCAT | 0.05640 | 0.0413 | get 0.0052% / 1h | 52m 17s | $2.7M | $1.1M | 3x |
Lighter POPCAT
Hyperliquid POPCATFunding 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
- $66.64
- Price spread: +0.140% → +0.117%
- $2.33
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $59.97
- Costs to cover
- 0.090%
- Break-even
- 0.7 days
Slippage unknown: Lighter: live order book, 33 min ago; 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 live order book, 33 min ago | 12.32 bp | 12.3 bp −$12 | 84.6 bp −$846 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 2.21 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4088% | 1h | 0.05570 | −1.101% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05632 | −0.003% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0076% | 4h | 0.05627 | −0.097% | $506K | $148K | — | as long as short |
| Lighter POPCATlong | +0.0096% | 1h | 0.05632 | long leg | $101K | $56K | 10x | |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05638 | +0.113% | $2.5M | $7.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05624 | −0.142% | $8.8M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05631 | −0.018% | $690K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05625 | −0.124% | $445K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05635 | +0.053% | $1.8M | $995K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05636 | +0.071% | $1.1M | $988K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05635 | +0.053% | $1.2M | $948K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05632 | 0.000% | — | $1.6M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05644 | +0.208% | $251K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05630 | −0.036% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05631 | −0.014% | $97K | $405K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05629 | −0.053% | $129K | $328K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0410% | 1h | 0.05634 | +0.032% | $150K | $146K | 20x | as long as short |
| Hyperliquid POPCATshort | +0.0413% | 1h | 0.05640 | +0.140% | $2.7M | $1.1M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD