STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.016%

Price spread now: Lighter against Hyperliquid+0.614%7-day average +0.054% · you sell dearer than you buy

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.909%−$91 on $10k

Price spread, last 4 days (all we have)−0.591%−$59 · spread now +0.614%, 7d avg +0.054%

Together, before fees−1.499%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$150 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.560% dearer against Hyperliquid than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.909%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STABLE	0.02474	0.0048	pay 0.0006% / 1h	32m 45s	$872K	$235K	3x
Short	Lighter STABLE	0.02490	0.0096	get 0.0012% / 1h	32m 45s	$114K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now +0.614%Rate

Funding earned: $10.07
Price spread: +0.614% → +0.054%: $55.99
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $57.06
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 52 min ago; Lighter: live order book, 49 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 Hyperliquid live order book, 52 min ago	6.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 49 min ago	177.29 bp	187.4 bp −$187	557.2 bp −$5,572	doesn't fit	doesn't fit

STABLE on 15 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
Aster STABLEUSDT	−0.0321%	4h	0.02473	−0.059%	$19K	$7K	20x	as long as short
Hyperliquid STABLElong	+0.0048%	1h	0.02474	long leg	$872K	$235K	3x
Bybit STABLEUSDT	+0.0062%	4h	0.02477	+0.105%	$1.5M	$819K	25x	as long as short
Lighter STABLEshort	+0.0096%	1h	0.02490	+0.614%	$114K	$3K	3x
Binance STABLEUSDT	+0.0100%	4h	0.02475	+0.009%	$2.4M	$2.7M	75x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02476	+0.069%	$204K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02474	−0.012%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02475	+0.028%	$660K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	+0.109%	$174K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02476	+0.069%	$292K	$116K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02477	+0.109%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	+0.045%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02477	+0.093%	$2K	$646K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02475	+0.016%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0117%	4h	0.02472	−0.093%	$114K	$8K	75x	as long as short