Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Lighter−0.066%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.066%, 7d avg +0.024%
=Together, before fees+0.118%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$12 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: Hyperliquid is 0.090% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4399 | 0.0096 | pay 0.0012% / 1h | 42m 15s | $156K | $418K | 10x |
| Short | Hyperliquid TIA | 0.4396 | 0.0100 | get 0.0013% / 1h | 42m 15s | $4.7M | $1.5M | 5x |
Lighter TIA
Hyperliquid TIAFunding 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
- $0.84
- Price spread: −0.066% → +0.024%
- −$9.02
- Slippage, 4 orders
- −$55.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$72.52
- Costs to cover
- 0.643%
- Break-even
- 611.3 days
Slippage from Lighter: live order book, 7 min ago; Hyperliquid: live order book, 10 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, 7 min ago | 2.39 bp | 23.4 bp −$23 | 95.7 bp −$957 | 343.9 bp −$34.4K | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.80 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
TIA 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TIA | −0.0089% | 4h | 0.4386 | −0.312% | $103K | $85K | — | as long as short |
| Bybit TIAUSDT | −0.0082% | 4h | 0.4391 | −0.191% | $9.6M | $13.4M | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0073% | 1h | 0.4385 | −0.327% | $49K | $231K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4395 | −0.100% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4394 | −0.125% | $1K | — | 150x | as long as short |
| KuCoin TIAUSDTM | +0.0014% | 4h | 0.4388 | −0.259% | $4.2M | $9.1M | 50x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4399 | long leg | $156K | $418K | 10x | |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4393 | −0.145% | $5K | $276K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4396 | −0.066% | $4.7M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4391 | −0.199% | $32K | $245K | 10x | as long as short |
Variational Omni TIA
Bybit TIAUSDT
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
KuCoin TIAUSDTM
Orderly PERP_TIA_USDC
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4394 | −0.128% | $14.3M | $42.9M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4390 | −0.214% | $2.8M | $6.2M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4394 | −0.123% | $995K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4394 | −0.123% | $11.9M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4392 | −0.168% | $4.4M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4392 | −0.168% | — | $99.1M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4390 | −0.214% | $102K | $157K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4390 | −0.214% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4389 | −0.228% | $55K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4394 | −0.117% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0165% | 1h | 0.4395 | −0.104% | $359K | $194K | 50x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4389 | −0.229% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0233% | 1h | 0.4390 | −0.210% | $52K | $199 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4406 | +0.150% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4393 | −0.145% | $1.6M | $734K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4406 | +0.150% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0494% / S −0.1196% | 1h | 0.4393 | −0.135% | $40K | — | 100x | as long as short |
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Kraken Futures PF_TIAUSD
Reya TIARUSDPERP
dYdX TIA-USD
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]