Funding you earn now, next payment 12:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.025%
Price spread now: Hyperliquid against Lighter+0.341%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.341% dearer against Lighter than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZORA | 0.008502 | 0.0096 | pay 0.0012% / 1h | 9m 44s | $24K | $22K | 3x |
| Short | Hyperliquid ZORA | 0.008531 | 0.0264 | get 0.0033% / 1h | 9m 44s | $1.6M | $367K | 3x |
Lighter ZORA
Hyperliquid ZORAFunding 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
- $35.27
- Price spread: +0.341% → 0.000%
- $34.11
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $60.37
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 4 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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 2.35 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZORA on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008512 | +0.122% | $294 | $19 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008502 | 0.000% | — | $6.5M | — | as long as short |
| Lighter ZORAlong | +0.0096% | 1h | 0.008502 | long leg | $24K | $22K | 3x | |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008510 | +0.097% | $26K | $15K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008510 | +0.093% | $2.5M | $4.1M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008496 | −0.071% | $2.3M | $1.4M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008504 | +0.024% | $768K | $878K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008510 | +0.094% | $154K | $85K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008511 | +0.106% | $9.9M | $213K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008509 | +0.082% | $734K | $1.9M | 30x | as long as short |
dYdX ZORA-USD
BingX ZORA-USDT
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDT
KuCoin ZORAUSDTMShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008518 | +0.188% | $700K | $321K | 25x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008479 | −0.274% | $125K | $17K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008690 | +2.211% | $1K | $1.3M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008511 | +0.100% | $7K | $211K | 5x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0156% | 1h | 0.008505 | +0.035% | $38K | $93K | 10x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0231% / S −0.0433% | 1h | 0.008502 | 0.000% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAshort | +0.0264% | 1h | 0.008531 | +0.341% | $1.6M | $367K | 3x |
Bitget ZORAUSDT
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
Backpack ZORA_USDC_PERP
GMX ZORA/USD [ETH-USDC]