Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.131%
Price spread now: Hyperliquid against Lighter−0.063%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.063%, 7d avg −0.025%
=Together, before fees−0.141%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.039% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 9.1550 | 0.1000 | pay 0.0125% / 1h | 50m 30s | $4.7M | $5.2M | 15x |
| Short | Hyperliquid UNI | 9.1492 | 0.0933 | get 0.0117% / 1h | 50m 30s | $101.2M | $58.6M | 10x |
Lighter UNI
Hyperliquid UNIFunding 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
- −$14.16
- Price spread: −0.063% → −0.025%
- −$3.86
- Slippage, 4 orders
- −$24.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$51.28
- Costs to cover
- 0.333%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 12 min ago; Hyperliquid: live order book, 3 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, 12 min ago | 1.39 bp | 8.7 bp −$9 | 21.4 bp −$214 | 100.0 bp −$10.0K | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.27 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
UNI on 40 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 UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −3.550% | $660 | $155K | 12x | as long as short |
| Variational Omni UNI | −0.0010% | 8h | 9.0073 | −1.614% | $4.0M | $4.4M | — | as long as short |
| dYdX UNI-USD | 0.0000% | 1h | 9.1388 | −0.177% | $253K | $6K | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.1243 | −0.335% | $63K | — | 150x | as long as short |
| Bybit UNIUSDT | +0.0048% | 8h | 9.1360 | −0.208% | $104.4M | $104.0M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0080% | 8h | 9.1360 | −0.208% | $56.4M | $251.5M | 50x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1375 | −0.191% | $972K | $4.1M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1417 | −0.145% | $1.1M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1395 | −0.169% | $305K | $586K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1390 | −0.175% | $225.3M | $585.7M | 75x | as long as short |
Injective UNI/USDC PERP
Variational Omni UNI
dYdX UNI-USD
gTrade (Gains Network) UNI/USD
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus UNI-USD | +0.0100% | 1h | 9.1480 | −0.076% | $282K | $619K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.1430 | −0.131% | $23.5M | $57.9M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1440 | −0.120% | $44.1M | $23.8M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1380 | −0.186% | $13.9M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1300 | −0.273% | $33.1M | $41.5M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.1410 | −0.153% | — | $6.5M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0235 | −1.436% | $170K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0290 | −1.376% | $638K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0420 | −1.234% | $89K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1120 | −0.470% | $71K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1399 | −0.165% | $89K | $356K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1280 | −0.295% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1341 | −0.228% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1319 | −0.252% | $25K | $662K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1314 | −0.258% | $745K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1290 | −0.284% | $27.5M | $4.4M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1273 | −0.302% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1398 | −0.166% | $314K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1281 | −0.293% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0208% | 1h | 9.1457 | −0.102% | $456 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1300 | −0.273% | $10.0M | $3.5M | 75x | as long as short |
| Backpack UNI_USDC_PERP | +0.0221% | 1h | 9.1353 | −0.215% | $1.0M | $2.3M | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.1320 | −0.251% | $1.1M | $5.5M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0363% | 1h | 9.1275 | −0.300% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 9.1257 | −0.320% | $573K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0554% | 1h | 9.1373 | −0.193% | $5.1M | $7.0M | 50x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0592% | 1h | 9.1354 | −0.214% | $588K | $175K | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0718% | 1h | 9.0301 | −1.364% | $1K | $49K | 10x | as long as short |
| Hyperliquid UNIshort | +0.0933% | 1h | 9.1492 | −0.063% | $101.2M | $58.6M | 10x | |
| Lighter UNIlong | +0.1000% | 1h | 9.1550 | long leg | $4.7M | $5.2M | 15x |
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
BloFin UNI-USDT
Backpack UNI_USDC_PERP
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Deribit UNI_USDC-PERPETUAL
Aftermath Perps UNIUSD