Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid+0.016%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.016%, 7d avg −0.022%
=Together, before fees−0.072%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$7 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 is 0.037% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TIA | 0.4404 | 0.0100 | pay 0.0013% / 1h | 19m 24s | $4.7M | $1.5M | 5x |
| Short | Lighter TIA | 0.4405 | 0.0096 | get 0.0012% / 1h | 19m 24s | $192K | $442K | 10x |
Hyperliquid TIA
Lighter TIAFunding 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 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: +0.016% → −0.022%
- $3.74
- Slippage, 4 orders
- −$48.39
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$54.49
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Lighter: live order book, 27 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 Hyperliquid live order book, 6 min ago | 2.39 bp | 14.5 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 27 min ago | 8.51 bp | 21.8 bp −$22 | 72.0 bp −$720 | 340.8 bp −$34.1K | doesn't fit |
TIA on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TIA/USD [ETH-USDC] | L −0.4075% / S +0.0184% | 1h | 0.4401 | −0.069% | $5K | — | 100x | as long as short |
| Bybit TIAUSDT | −0.0270% | 4h | 0.4396 | −0.184% | $9.7M | $14.9M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0170% | 1h | 0.4403 | −0.029% | $369K | $221K | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0167% | 1h | 0.4401 | −0.070% | $51K | $223K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4401 | −0.070% | $33K | $22K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4401 | −0.073% | $1K | — | 150x | as long as short |
| dYdX TIA-USD | +0.0059% | 1h | 0.4401 | −0.068% | $52K | $139 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0079% | 1h | 0.4400 | −0.093% | $78K | $158K | 12x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4405 | +0.016% | $192K | $442K | 10x | |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4399 | −0.116% | $7K | $193K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Bybit TIAUSDT
Kraken Futures PF_TIAUSD
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
dYdX TIA-USD
Injective TIA/USDC PERP
Orderly PERP_TIA_USDCShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIAlong | +0.0100% | 1h | 0.4404 | long leg | $4.7M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4397 | −0.163% | $32K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4400 | −0.104% | $14.1M | $50.0M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4396 | −0.184% | $2.7M | $7.0M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4400 | −0.093% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4399 | −0.116% | $10.4M | $14.7M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4398 | −0.139% | $4.2M | $10.4M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4399 | −0.116% | $4.5M | $4.3M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4398 | −0.139% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4399 | −0.123% | $102K | $178K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4394 | −0.238% | $102K | $99K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4409 | +0.111% | $59K | $77K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4394 | −0.237% | $55K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4399 | −0.114% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4398 | −0.147% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4399 | −0.116% | $1.6M | $755K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4415 | +0.247% | $55K | $107K | 50x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX