Bitcoin (BTC) funding rate: Hyperliquid vs Lighter

Price 81,538 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR
3.8%
0.0004% per hour
Lighter, APR
10.5%
0.0012% per hour
Binance, APR
9.8%
0.0011% per hour
Bybit, APR
7.9%
0.0009% per hour
Max spread, APR
6.7%
Short on Lighter, long on Hyperliquid

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid8.6%7.3%8.8%
Lighter9.8%6.5%7.1%

Hyperliquid funding by hour, 7 days

11/10, 02:00: -0.0011% (-9.3% APR)11/10, 03:00: -0.0001% (-0.8% APR)11/10, 04:00: -0.0004% (-3.6% APR)11/10, 05:00: -0.0003% (-2.3% APR)11/10, 06:00: -0.0011% (-10.0% APR)11/10, 07:00: -0.0010% (-9.1% APR)11/10, 08:00: -0.0003% (-2.3% APR)11/10, 09:00: -0.0006% (-5.6% APR)11/10, 10:00: -0.0007% (-6.0% APR)11/10, 11:00: -0.0014% (-12.2% APR)11/10, 12:00: -0.0008% (-6.9% APR)11/10, 13:00: -0.0012% (-10.9% APR)11/10, 14:00: -0.0010% (-9.2% APR)11/10, 15:00: -0.0007% (-6.0% APR)11/10, 16:00: 0.0008% (7.4% APR)11/10, 17:00: 0.0008% (6.9% APR)11/10, 18:00: 0.0010% (8.6% APR)11/10, 19:00: 0.0013% (10.9% APR)11/10, 20:00: 0.0013% (10.9% APR)11/10, 21:00: 0.0009% (8.1% APR)11/10, 22:00: 0.0004% (3.8% APR)11/10, 23:00: 0.0011% (9.6% APR)12/10, 00:00: 0.0004% (3.3% APR)12/10, 01:00: 0.0013% (10.9% APR)12/10, 02:00: 0.0008% (6.8% APR)12/10, 03:00: 0.0005% (4.1% APR)12/10, 04:00: 0.0005% (4.1% APR)12/10, 05:00: 0.0007% (5.8% APR)12/10, 06:00: 0.0009% (7.5% APR)12/10, 07:00: 0.0011% (9.7% APR)12/10, 08:00: 0.0012% (10.1% APR)12/10, 09:00: 0.0010% (8.5% APR)12/10, 10:00: 0.0013% (10.9% APR)12/10, 11:00: 0.0013% (10.9% APR)12/10, 12:00: 0.0013% (10.9% APR)12/10, 13:00: 0.0013% (10.9% APR)12/10, 14:00: 0.0013% (10.9% APR)12/10, 15:00: 0.0012% (10.7% APR)12/10, 16:00: 0.0012% (10.9% APR)12/10, 17:00: 0.0002% (1.9% APR)12/10, 18:00: 0.0004% (3.6% APR)12/10, 19:00: 0.0005% (4.4% APR)12/10, 20:00: 0.0013% (10.9% APR)12/10, 21:00: 0.0013% (10.9% APR)12/10, 22:00: 0.0009% (7.8% APR)12/10, 23:00: -0.0002% (-1.6% APR)13/10, 00:00: -0.0010% (-8.6% APR)13/10, 01:00: -0.0000% (-0.3% APR)13/10, 02:00: 0.0007% (6.5% APR)13/10, 03:00: 0.0005% (4.6% APR)13/10, 04:00: 0.0013% (10.9% APR)13/10, 05:00: 0.0013% (10.9% APR)13/10, 06:00: 0.0010% (8.4% APR)13/10, 07:00: 0.0005% (4.1% APR)13/10, 08:00: -0.0002% (-1.7% APR)13/10, 09:00: -0.0003% (-3.0% APR)13/10, 10:00: 0.0003% (3.0% APR)13/10, 11:00: 0.0001% (0.7% APR)13/10, 12:00: 0.0003% (2.9% APR)13/10, 13:00: 0.0008% (7.4% APR)13/10, 14:00: 0.0007% (6.1% APR)13/10, 15:00: 0.0010% (8.4% APR)13/10, 16:00: 0.0010% (9.2% APR)13/10, 17:00: 0.0013% (10.9% APR)13/10, 18:00: 0.0013% (10.9% APR)13/10, 19:00: 0.0013% (10.9% APR)13/10, 20:00: 0.0013% (10.9% APR)13/10, 21:00: 0.0013% (10.9% APR)13/10, 22:00: 0.0013% (10.9% APR)13/10, 23:00: 0.0013% (10.9% APR)14/10, 00:00: 0.0007% (5.8% APR)14/10, 01:00: 0.0004% (3.8% APR)14/10, 02:00: 0.0011% (9.8% APR)14/10, 03:00: 0.0011% (9.4% APR)14/10, 04:00: 0.0010% (9.0% APR)14/10, 05:00: 0.0011% (10.0% APR)14/10, 06:00: 0.0008% (7.1% APR)14/10, 07:00: 0.0011% (10.0% APR)14/10, 08:00: 0.0013% (10.9% APR)14/10, 09:00: 0.0013% (10.9% APR)14/10, 10:00: 0.0013% (10.9% APR)14/10, 11:00: 0.0013% (10.9% APR)14/10, 12:00: 0.0013% (10.9% APR)14/10, 13:00: 0.0011% (9.9% APR)14/10, 14:00: 0.0013% (10.9% APR)14/10, 15:00: 0.0013% (10.9% APR)14/10, 16:00: 0.0013% (10.9% APR)14/10, 17:00: 0.0013% (10.9% APR)14/10, 18:00: 0.0013% (10.9% APR)14/10, 19:00: 0.0013% (10.9% APR)14/10, 20:00: 0.0013% (10.9% APR)14/10, 21:00: 0.0013% (10.9% APR)14/10, 22:00: 0.0013% (10.9% APR)14/10, 23:00: 0.0013% (10.9% APR)15/10, 00:00: 0.0013% (10.9% APR)15/10, 01:00: 0.0013% (10.9% APR)15/10, 02:00: 0.0013% (10.9% APR)15/10, 03:00: 0.0006% (5.0% APR)15/10, 04:00: 0.0009% (7.6% APR)15/10, 05:00: 0.0013% (10.9% APR)15/10, 06:00: 0.0007% (6.5% APR)15/10, 07:00: 0.0008% (6.9% APR)15/10, 08:00: 0.0013% (10.9% APR)15/10, 09:00: 0.0004% (3.3% APR)15/10, 10:00: 0.0003% (2.3% APR)15/10, 11:00: 0.0001% (1.2% APR)15/10, 12:00: 0.0009% (7.6% APR)15/10, 13:00: 0.0008% (7.3% APR)15/10, 14:00: -0.0002% (-1.5% APR)15/10, 15:00: 0.0007% (6.3% APR)15/10, 16:00: 0.0010% (9.0% APR)15/10, 17:00: 0.0007% (6.0% APR)15/10, 18:00: 0.0013% (10.9% APR)15/10, 19:00: 0.0013% (10.9% APR)15/10, 20:00: 0.0013% (10.9% APR)15/10, 21:00: 0.0013% (10.9% APR)15/10, 22:00: 0.0013% (10.9% APR)15/10, 23:00: 0.0013% (10.9% APR)16/10, 00:00: 0.0013% (10.9% APR)16/10, 01:00: 0.0013% (10.9% APR)16/10, 02:00: 0.0013% (10.9% APR)16/10, 03:00: 0.0013% (10.9% APR)16/10, 04:00: 0.0013% (10.9% APR)16/10, 05:00: 0.0013% (10.9% APR)16/10, 06:00: 0.0013% (10.9% APR)16/10, 07:00: 0.0013% (10.9% APR)16/10, 08:00: 0.0013% (10.9% APR)16/10, 09:00: 0.0013% (10.9% APR)16/10, 10:00: 0.0013% (10.9% APR)16/10, 11:00: 0.0013% (10.9% APR)16/10, 12:00: 0.0013% (10.9% APR)16/10, 13:00: 0.0013% (10.9% APR)16/10, 14:00: 0.0013% (10.9% APR)16/10, 15:00: 0.0013% (10.9% APR)16/10, 16:00: 0.0013% (10.9% APR)16/10, 17:00: 0.0013% (10.9% APR)16/10, 18:00: 0.0010% (8.7% APR)16/10, 19:00: 0.0013% (10.9% APR)16/10, 20:00: 0.0013% (10.9% APR)16/10, 21:00: 0.0013% (10.9% APR)16/10, 22:00: 0.0013% (10.9% APR)16/10, 23:00: 0.0013% (10.9% APR)17/10, 00:00: 0.0013% (10.9% APR)17/10, 01:00: 0.0013% (10.9% APR)17/10, 02:00: 0.0013% (10.9% APR)17/10, 03:00: 0.0013% (10.9% APR)17/10, 04:00: 0.0013% (10.9% APR)17/10, 05:00: 0.0013% (10.9% APR)17/10, 06:00: 0.0013% (10.9% APR)17/10, 07:00: 0.0013% (10.9% APR)17/10, 08:00: 0.0013% (10.9% APR)17/10, 09:00: 0.0011% (9.4% APR)17/10, 10:00: 0.0006% (5.7% APR)17/10, 11:00: 0.0013% (10.9% APR)17/10, 12:00: 0.0013% (10.9% APR)17/10, 13:00: 0.0013% (10.9% APR)17/10, 14:00: 0.0013% (10.9% APR)17/10, 15:00: 0.0011% (9.7% APR)17/10, 16:00: 0.0009% (7.7% APR)17/10, 17:00: 0.0004% (3.6% APR)17/10, 18:00: 0.0013% (10.9% APR)17/10, 19:00: 0.0010% (9.1% APR)17/10, 20:00: 0.0010% (8.7% APR)17/10, 21:00: 0.0005% (4.7% APR)17/10, 22:00: 0.0005% (3.9% APR)17/10, 23:00: 0.0006% (4.9% APR)18/10, 00:00: 0.0004% (3.2% APR)18/10, 01:00: 0.0004% (3.1% APR)+12% APR−12%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

Lighter funding by hour, 7 days

11/10, 02:00: -0.0006% (-5.3% APR)11/10, 03:00: 0.0003% (2.6% APR)11/10, 04:00: 0.0002% (1.8% APR)11/10, 05:00: 0.0002% (1.8% APR)11/10, 06:00: -0.0004% (-3.5% APR)11/10, 07:00: -0.0013% (-11.4% APR)11/10, 08:00: -0.0005% (-4.4% APR)11/10, 09:00: 0.0003% (2.6% APR)11/10, 10:00: -0.0009% (-7.9% APR)11/10, 11:00: -0.0003% (-2.6% APR)11/10, 12:00: 0.0010% (8.8% APR)11/10, 13:00: 0.0000% (0.0% APR)11/10, 14:00: -0.0007% (-6.1% APR)11/10, 15:00: 0.0000% (0.0% APR)11/10, 16:00: 0.0000% (0.0% APR)11/10, 17:00: -0.0012% (-10.5% APR)11/10, 18:00: -0.0008% (-7.0% APR)11/10, 19:00: 0.0002% (1.8% APR)11/10, 20:00: 0.0009% (7.9% APR)11/10, 21:00: 0.0002% (1.8% APR)11/10, 22:00: 0.0001% (0.9% APR)11/10, 23:00: -0.0003% (-2.6% APR)12/10, 00:00: -0.0002% (-1.8% APR)12/10, 01:00: 0.0000% (0.0% APR)12/10, 02:00: -0.0005% (-4.4% APR)12/10, 03:00: 0.0001% (0.9% APR)12/10, 04:00: 0.0000% (0.0% APR)12/10, 05:00: 0.0001% (0.9% APR)12/10, 06:00: -0.0001% (-0.9% APR)12/10, 07:00: 0.0002% (1.8% APR)12/10, 08:00: 0.0012% (10.5% APR)12/10, 09:00: 0.0012% (10.5% APR)12/10, 10:00: 0.0012% (10.5% APR)12/10, 11:00: 0.0012% (10.5% APR)12/10, 12:00: 0.0012% (10.5% APR)12/10, 13:00: 0.0012% (10.5% APR)12/10, 14:00: 0.0012% (10.5% APR)12/10, 15:00: 0.0010% (8.8% APR)12/10, 16:00: 0.0001% (0.9% APR)12/10, 17:00: 0.0005% (4.4% APR)12/10, 18:00: 0.0000% (0.0% APR)12/10, 19:00: -0.0002% (-1.8% APR)12/10, 20:00: 0.0007% (6.1% APR)12/10, 21:00: 0.0007% (6.1% APR)12/10, 22:00: 0.0011% (9.6% APR)12/10, 23:00: 0.0004% (3.5% APR)13/10, 00:00: 0.0003% (2.6% APR)13/10, 01:00: 0.0003% (2.6% APR)13/10, 02:00: 0.0009% (7.9% APR)13/10, 03:00: -0.0002% (-1.8% APR)13/10, 04:00: 0.0001% (0.9% APR)13/10, 05:00: -0.0001% (-0.9% APR)13/10, 06:00: 0.0008% (7.0% APR)13/10, 07:00: 0.0000% (0.0% APR)13/10, 08:00: -0.0002% (-1.8% APR)13/10, 09:00: -0.0010% (-8.8% APR)13/10, 10:00: 0.0009% (7.9% APR)13/10, 11:00: 0.0004% (3.5% APR)13/10, 12:00: -0.0002% (-1.8% APR)13/10, 13:00: 0.0000% (0.0% APR)13/10, 14:00: -0.0001% (-0.9% APR)13/10, 15:00: 0.0002% (1.8% APR)13/10, 16:00: 0.0006% (5.3% APR)13/10, 17:00: 0.0005% (4.4% APR)13/10, 18:00: -0.0001% (-0.9% APR)13/10, 19:00: 0.0008% (7.0% APR)13/10, 20:00: 0.0012% (10.5% APR)13/10, 21:00: 0.0009% (7.9% APR)13/10, 22:00: 0.0009% (7.9% APR)13/10, 23:00: 0.0004% (3.5% APR)14/10, 00:00: 0.0009% (7.9% APR)14/10, 01:00: 0.0000% (0.0% APR)14/10, 02:00: 0.0007% (6.1% APR)14/10, 03:00: 0.0001% (0.9% APR)14/10, 04:00: 0.0001% (0.9% APR)14/10, 05:00: 0.0012% (10.5% APR)14/10, 06:00: 0.0010% (8.8% APR)14/10, 07:00: 0.0011% (9.6% APR)14/10, 08:00: 0.0012% (10.5% APR)14/10, 09:00: 0.0012% (10.5% APR)14/10, 10:00: 0.0012% (10.5% APR)14/10, 11:00: 0.0012% (10.5% APR)14/10, 12:00: 0.0012% (10.5% APR)14/10, 13:00: 0.0012% (10.5% APR)14/10, 14:00: 0.0012% (10.5% APR)14/10, 15:00: 0.0012% (10.5% APR)14/10, 16:00: 0.0012% (10.5% APR)14/10, 17:00: 0.0012% (10.5% APR)14/10, 18:00: 0.0012% (10.5% APR)14/10, 19:00: 0.0012% (10.5% APR)14/10, 20:00: 0.0012% (10.5% APR)14/10, 21:00: 0.0009% (7.9% APR)14/10, 22:00: 0.0011% (9.6% APR)14/10, 23:00: 0.0012% (10.5% APR)15/10, 00:00: 0.0012% (10.5% APR)15/10, 01:00: 0.0012% (10.5% APR)15/10, 02:00: 0.0012% (10.5% APR)15/10, 03:00: 0.0012% (10.5% APR)15/10, 04:00: 0.0009% (7.9% APR)15/10, 05:00: 0.0012% (10.5% APR)15/10, 06:00: 0.0012% (10.5% APR)15/10, 07:00: 0.0012% (10.5% APR)15/10, 08:00: 0.0012% (10.5% APR)15/10, 09:00: 0.0012% (10.5% APR)15/10, 10:00: 0.0012% (10.5% APR)15/10, 11:00: 0.0012% (10.5% APR)15/10, 12:00: 0.0010% (8.8% APR)15/10, 13:00: 0.0012% (10.5% APR)15/10, 14:00: 0.0012% (10.5% APR)15/10, 15:00: 0.0005% (4.4% APR)15/10, 16:00: 0.0012% (10.5% APR)15/10, 17:00: 0.0012% (10.5% APR)15/10, 18:00: 0.0012% (10.5% APR)15/10, 19:00: 0.0012% (10.5% APR)15/10, 20:00: 0.0012% (10.5% APR)15/10, 21:00: 0.0012% (10.5% APR)15/10, 22:00: 0.0012% (10.5% APR)15/10, 23:00: 0.0012% (10.5% APR)16/10, 00:00: 0.0012% (10.5% APR)16/10, 01:00: 0.0012% (10.5% APR)16/10, 02:00: 0.0012% (10.5% APR)16/10, 03:00: 0.0012% (10.5% APR)16/10, 04:00: 0.0012% (10.5% APR)16/10, 05:00: 0.0012% (10.5% APR)16/10, 06:00: 0.0012% (10.5% APR)16/10, 07:00: 0.0012% (10.5% APR)16/10, 08:00: 0.0012% (10.5% APR)16/10, 09:00: 0.0012% (10.5% APR)16/10, 10:00: 0.0012% (10.5% APR)16/10, 11:00: 0.0012% (10.5% APR)16/10, 12:00: 0.0012% (10.5% APR)16/10, 13:00: 0.0012% (10.5% APR)16/10, 14:00: 0.0012% (10.5% APR)16/10, 15:00: 0.0012% (10.5% APR)16/10, 16:00: 0.0012% (10.5% APR)16/10, 17:00: 0.0012% (10.5% APR)16/10, 18:00: 0.0012% (10.5% APR)16/10, 19:00: 0.0012% (10.5% APR)16/10, 20:00: 0.0012% (10.5% APR)16/10, 21:00: 0.0012% (10.5% APR)16/10, 22:00: 0.0012% (10.5% APR)16/10, 23:00: 0.0012% (10.5% APR)17/10, 00:00: 0.0012% (10.5% APR)17/10, 01:00: 0.0012% (10.5% APR)17/10, 02:00: 0.0012% (10.5% APR)17/10, 03:00: 0.0012% (10.5% APR)17/10, 04:00: 0.0012% (10.5% APR)17/10, 05:00: 0.0012% (10.5% APR)17/10, 06:00: 0.0012% (10.5% APR)17/10, 07:00: 0.0012% (10.5% APR)17/10, 08:00: 0.0012% (10.5% APR)17/10, 09:00: 0.0009% (7.9% APR)17/10, 10:00: 0.0005% (4.4% APR)17/10, 11:00: 0.0008% (7.0% APR)17/10, 12:00: 0.0006% (5.3% APR)17/10, 13:00: 0.0012% (10.5% APR)17/10, 14:00: 0.0012% (10.5% APR)17/10, 15:00: 0.0012% (10.5% APR)17/10, 16:00: 0.0012% (10.5% APR)17/10, 17:00: 0.0012% (10.5% APR)17/10, 18:00: 0.0012% (10.5% APR)17/10, 19:00: 0.0012% (10.5% APR)17/10, 20:00: 0.0012% (10.5% APR)17/10, 21:00: 0.0012% (10.5% APR)17/10, 22:00: 0.0012% (10.5% APR)17/10, 23:00: 0.0012% (10.5% APR)18/10, 00:00: 0.0012% (10.5% APR)+11% APR−11%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

BTC funding on Hyperliquid →BTC: whale positions →All markets: funding comparison →

BTC funding comparison: questions and answers

Where is BTC funding the highest right now?

Lighter: 10.5%, Binance: 9.8%, Bybit: 7.9%, Hyperliquid: 3.8% APR. A positive rate means longs pay shorts.

How can you earn the BTC funding spread?

Short BTC on Lighter and go long the same size on Hyperliquid: the price risk is hedged, and the difference of 6.7% a year is collected while it lasts. Fees, the price gap between exchanges and a change of the rates eat into the profit, and each side can be liquidated.

What has BTC funding averaged on Hyperliquid and Lighter?

Hyperliquid: 8.6% over 24 hours and 7.3% over 7 days. Lighter: 9.8% over 24 hours and 6.5% over 7 days (APR).