MET funding rate: Hyperliquid vs Lighter

Price 0.34737 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR
-55.0%
-0.0063% per hour
Lighter, APR
10.5%
0.0012% per hour
Binance, APR
-34.9%
-0.0040% per hour
Bybit, APR
-73.8%
-0.0084% per hour
Max spread, APR
84.3%
Short on Lighter, long on Bybit

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid—-66.9%-29.0%
Lighter6.3%7.9%-8.6%

Hyperliquid funding by hour, 7 days

11/10, 02:00: -0.0021% (-18.5% APR)11/10, 03:00: -0.0064% (-56.4% APR)11/10, 04:00: -0.0119% (-104.3% APR)11/10, 05:00: -0.0023% (-20.3% APR)11/10, 06:00: -0.0031% (-26.8% APR)11/10, 07:00: -0.0020% (-17.2% APR)11/10, 08:00: -0.0055% (-48.0% APR)11/10, 09:00: -0.0046% (-40.0% APR)11/10, 10:00: -0.0029% (-25.1% APR)11/10, 11:00: -0.0054% (-47.1% APR)11/10, 12:00: -0.0091% (-79.9% APR)11/10, 13:00: -0.0087% (-75.8% APR)11/10, 14:00: -0.0077% (-67.7% APR)11/10, 15:00: -0.0084% (-73.8% APR)11/10, 16:00: -0.0069% (-60.5% APR)11/10, 17:00: -0.0101% (-88.2% APR)11/10, 18:00: -0.0338% (-296.1% APR)11/10, 19:00: -0.0144% (-126.5% APR)11/10, 20:00: -0.0175% (-153.3% APR)11/10, 21:00: -0.0149% (-130.7% APR)11/10, 22:00: -0.0158% (-138.7% APR)11/10, 23:00: -0.0104% (-91.4% APR)12/10, 00:00: -0.0128% (-112.2% APR)12/10, 01:00: -0.0102% (-89.0% APR)12/10, 02:00: -0.0137% (-119.8% APR)12/10, 03:00: -0.0130% (-113.9% APR)12/10, 04:00: -0.0074% (-64.4% APR)12/10, 05:00: -0.0136% (-119.2% APR)12/10, 06:00: -0.0109% (-95.7% APR)12/10, 07:00: -0.0127% (-111.6% APR)12/10, 08:00: -0.0143% (-124.9% APR)12/10, 09:00: -0.0112% (-98.1% APR)12/10, 10:00: -0.0082% (-71.4% APR)12/10, 11:00: -0.0078% (-67.9% APR)12/10, 12:00: -0.0124% (-108.8% APR)12/10, 13:00: -0.0107% (-93.7% APR)12/10, 14:00: -0.0071% (-61.9% APR)12/10, 15:00: -0.0012% (-10.5% APR)12/10, 16:00: 0.0013% (10.9% APR)12/10, 17:00: -0.0035% (-30.8% APR)12/10, 18:00: -0.0036% (-31.8% APR)12/10, 19:00: 0.0013% (10.9% APR)12/10, 20:00: 0.0009% (8.3% APR)12/10, 21:00: 0.0005% (4.6% APR)12/10, 22:00: -0.0087% (-76.0% APR)12/10, 23:00: -0.0133% (-116.8% APR)13/10, 00:00: -0.0133% (-116.7% APR)13/10, 01:00: -0.0106% (-92.8% APR)13/10, 02:00: -0.0050% (-43.7% APR)13/10, 03:00: -0.0030% (-26.5% APR)13/10, 04:00: -0.0046% (-40.5% APR)13/10, 05:00: -0.0024% (-20.7% APR)13/10, 06:00: 0.0001% (1.0% APR)13/10, 07:00: -0.0001% (-0.9% APR)13/10, 08:00: -0.0042% (-36.6% APR)13/10, 09:00: -0.0026% (-22.9% APR)13/10, 10:00: -0.0034% (-29.4% APR)13/10, 11:00: -0.0038% (-33.1% APR)13/10, 12:00: -0.0139% (-121.5% APR)13/10, 13:00: -0.0131% (-114.6% APR)13/10, 14:00: -0.0094% (-82.2% APR)13/10, 15:00: -0.0133% (-116.9% APR)13/10, 16:00: -0.0142% (-124.0% APR)13/10, 17:00: -0.0147% (-128.3% APR)13/10, 18:00: -0.0142% (-124.0% APR)13/10, 19:00: -0.0088% (-76.8% APR)13/10, 20:00: -0.0072% (-63.3% APR)13/10, 21:00: -0.0087% (-76.3% APR)13/10, 22:00: -0.0116% (-101.5% APR)13/10, 23:00: -0.0096% (-84.4% APR)14/10, 00:00: -0.0087% (-76.0% APR)14/10, 01:00: -0.0073% (-63.5% APR)14/10, 02:00: -0.0083% (-72.3% APR)14/10, 03:00: -0.0076% (-66.9% APR)14/10, 04:00: -0.0077% (-67.9% APR)14/10, 05:00: -0.0068% (-59.5% APR)14/10, 06:00: -0.0082% (-71.7% APR)14/10, 07:00: -0.0071% (-62.2% APR)14/10, 08:00: -0.0077% (-67.8% APR)14/10, 09:00: -0.0098% (-86.0% APR)14/10, 10:00: -0.0109% (-95.3% APR)14/10, 11:00: -0.0122% (-107.0% APR)14/10, 12:00: -0.0208% (-182.5% APR)14/10, 13:00: -0.0149% (-130.5% APR)14/10, 14:00: -0.0156% (-136.4% APR)14/10, 15:00: -0.0145% (-127.2% APR)14/10, 16:00: -0.0153% (-134.1% APR)14/10, 17:00: -0.0183% (-159.9% APR)14/10, 18:00: -0.0115% (-100.8% APR)14/10, 19:00: -0.0098% (-85.4% APR)14/10, 20:00: -0.0107% (-93.8% APR)14/10, 21:00: -0.0099% (-86.6% APR)14/10, 22:00: -0.0089% (-77.7% APR)14/10, 23:00: -0.0123% (-107.7% APR)15/10, 00:00: -0.0133% (-116.5% APR)15/10, 01:00: -0.0118% (-103.7% APR)15/10, 02:00: -0.0149% (-130.4% APR)15/10, 03:00: -0.0158% (-138.7% APR)15/10, 04:00: -0.0126% (-110.5% APR)15/10, 05:00: -0.0083% (-72.4% APR)15/10, 06:00: -0.0104% (-91.0% APR)15/10, 07:00: -0.0085% (-74.6% APR)15/10, 08:00: -0.0080% (-70.4% APR)15/10, 09:00: -0.0075% (-65.9% APR)15/10, 10:00: -0.0065% (-57.1% APR)15/10, 11:00: -0.0023% (-20.5% APR)15/10, 12:00: -0.0021% (-18.3% APR)15/10, 13:00: -0.0018% (-16.2% APR)15/10, 14:00: -0.0020% (-17.4% APR)15/10, 15:00: -0.0032% (-28.4% APR)15/10, 16:00: -0.0007% (-5.7% APR)15/10, 17:00: -0.0005% (-4.1% APR)15/10, 18:00: -0.0019% (-16.2% APR)15/10, 19:00: -0.0003% (-2.4% APR)15/10, 20:00: 0.0013% (10.9% APR)15/10, 21:00: -0.0010% (-8.6% APR)15/10, 22:00: 0.0001% (0.8% APR)15/10, 23:00: 0.0006% (5.1% APR)16/10, 00:00: 0.0006% (5.5% APR)16/10, 01:00: -0.0006% (-5.6% APR)16/10, 02:00: 0.0005% (4.5% APR)16/10, 03:00: -0.0039% (-34.6% APR)16/10, 04:00: -0.0025% (-22.3% APR)16/10, 05:00: -0.0034% (-29.9% APR)16/10, 06:00: -0.0007% (-5.8% APR)16/10, 07:00: -0.0017% (-14.9% APR)16/10, 08:00: -0.0036% (-31.7% APR)16/10, 09:00: -0.0065% (-56.8% APR)16/10, 10:00: -0.0033% (-28.8% APR)16/10, 11:00: -0.0062% (-53.9% APR)16/10, 12:00: -0.0014% (-11.9% APR)16/10, 13:00: -0.0007% (-5.8% APR)16/10, 14:00: -0.0039% (-34.3% APR)16/10, 15:00: -0.0020% (-17.2% APR)+296% APR−296%12 Oct13 Oct14 Oct15 Oct16 Oct
Longs pay shortsShorts pay longs

Lighter funding by hour, 7 days

11/10, 02:00: 0.0012% (10.5% APR)11/10, 03:00: 0.0012% (10.5% APR)11/10, 04:00: -0.0044% (-38.5% APR)11/10, 05:00: 0.0012% (10.5% APR)11/10, 06:00: 0.0012% (10.5% APR)11/10, 07:00: 0.0000% (0.0% APR)11/10, 08:00: -0.0025% (-21.9% APR)11/10, 09:00: 0.0012% (10.5% APR)11/10, 10:00: 0.0012% (10.5% APR)11/10, 11:00: 0.0012% (10.5% APR)11/10, 12:00: 0.0012% (10.5% APR)11/10, 13:00: 0.0012% (10.5% APR)11/10, 14:00: 0.0012% (10.5% APR)11/10, 15:00: 0.0012% (10.5% APR)11/10, 16:00: 0.0012% (10.5% APR)11/10, 17:00: 0.0005% (4.4% APR)11/10, 18:00: -0.0044% (-38.5% APR)11/10, 19:00: 0.0012% (10.5% APR)11/10, 20:00: -0.0023% (-20.1% APR)11/10, 21:00: -0.0034% (-29.8% APR)11/10, 22:00: -0.0055% (-48.2% APR)11/10, 23:00: 0.0012% (10.5% APR)12/10, 00:00: 0.0012% (10.5% APR)12/10, 01:00: 0.0012% (10.5% APR)12/10, 02:00: 0.0012% (10.5% APR)12/10, 03:00: 0.0008% (7.0% APR)12/10, 04:00: 0.0012% (10.5% APR)12/10, 05:00: 0.0012% (10.5% APR)12/10, 06:00: 0.0010% (8.8% APR)12/10, 07:00: -0.0012% (-10.5% APR)12/10, 08:00: 0.0007% (6.1% 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: 0.0001% (0.9% APR)12/10, 13:00: 0.0012% (10.5% APR)12/10, 14:00: 0.0012% (10.5% APR)12/10, 15:00: 0.0012% (10.5% APR)12/10, 16:00: 0.0012% (10.5% APR)12/10, 17:00: 0.0012% (10.5% APR)12/10, 18:00: 0.0012% (10.5% APR)12/10, 19:00: 0.0012% (10.5% APR)12/10, 20:00: 0.0012% (10.5% APR)12/10, 21:00: 0.0012% (10.5% APR)12/10, 22:00: 0.0012% (10.5% APR)12/10, 23:00: 0.0012% (10.5% APR)13/10, 00:00: 0.0012% (10.5% APR)13/10, 01:00: 0.0012% (10.5% APR)13/10, 02:00: 0.0012% (10.5% APR)13/10, 03:00: 0.0012% (10.5% APR)13/10, 04:00: 0.0012% (10.5% APR)13/10, 05:00: 0.0012% (10.5% APR)13/10, 06:00: 0.0012% (10.5% APR)13/10, 07:00: 0.0012% (10.5% APR)13/10, 08:00: 0.0012% (10.5% APR)13/10, 09:00: 0.0012% (10.5% APR)13/10, 10:00: 0.0012% (10.5% APR)13/10, 11:00: 0.0012% (10.5% APR)13/10, 12:00: 0.0012% (10.5% APR)13/10, 13:00: 0.0012% (10.5% APR)13/10, 14:00: 0.0012% (10.5% APR)13/10, 15:00: 0.0012% (10.5% APR)13/10, 16:00: 0.0012% (10.5% APR)13/10, 17:00: 0.0012% (10.5% APR)13/10, 18:00: 0.0012% (10.5% APR)13/10, 19:00: 0.0012% (10.5% APR)13/10, 20:00: 0.0012% (10.5% APR)13/10, 21:00: 0.0012% (10.5% APR)13/10, 22:00: 0.0012% (10.5% APR)13/10, 23:00: 0.0006% (5.3% APR)14/10, 00:00: 0.0012% (10.5% APR)14/10, 01:00: 0.0012% (10.5% APR)14/10, 02:00: 0.0012% (10.5% APR)14/10, 03:00: 0.0012% (10.5% APR)14/10, 04:00: -0.0013% (-11.4% APR)14/10, 05:00: 0.0012% (10.5% APR)14/10, 06:00: 0.0012% (10.5% APR)14/10, 07:00: 0.0012% (10.5% 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: 0.0012% (10.5% APR)14/10, 22:00: 0.0012% (10.5% 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: 0.0012% (10.5% 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: 0.0012% (10.5% APR)15/10, 13:00: 0.0012% (10.5% APR)15/10, 14:00: 0.0012% (10.5% APR)15/10, 15:00: 0.0012% (10.5% 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: 0.0012% (10.5% APR)17/10, 10:00: 0.0012% (10.5% APR)17/10, 11:00: 0.0012% (10.5% APR)17/10, 12:00: 0.0012% (10.5% 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: -0.0009% (-7.9% APR)17/10, 20:00: 0.0012% (10.5% APR)17/10, 21:00: 0.0012% (10.5% APR)17/10, 22:00: -0.0042% (-36.8% APR)17/10, 23:00: -0.0012% (-10.5% APR)18/10, 00:00: -0.0004% (-3.5% APR)18/10, 01:00: 0.0012% (10.5% APR)+48% APR−48%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

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

MET funding comparison: questions and answers

Where is MET funding the highest right now?

Lighter: 10.5%, Binance: -34.9%, Hyperliquid: -55.0%, Bybit: -73.8% APR. A positive rate means longs pay shorts.

How can you earn the MET funding spread?

Short MET on Lighter and go long the same size on Bybit: the price risk is hedged, and the difference of 84.3% 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 MET funding averaged on Hyperliquid and Lighter?

Hyperliquid: — over 24 hours and -66.9% over 7 days. Lighter: 6.3% over 24 hours and 7.9% over 7 days (APR).