S funding rate: Hyperliquid vs Lighter

Price 0.052436 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR
0.4%
0.0000% per hour
Lighter, APR
10.5%
0.0012% per hour
Binance, APR
-10.4%
-0.0012% per hour
Bybit, APR
-5.1%
-0.0006% per hour
Max spread, APR
20.9%
Short on Lighter, long on Binance

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid—-12.8%-0.7%
Lighter10.5%8.9%6.4%

Hyperliquid funding by hour, 7 days

11/10, 02:00: 0.0013% (10.9% APR)11/10, 03:00: 0.0013% (10.9% APR)11/10, 04:00: 0.0013% (10.9% APR)11/10, 05:00: 0.0013% (10.9% APR)11/10, 06:00: 0.0013% (10.9% APR)11/10, 07:00: 0.0013% (10.9% APR)11/10, 08:00: 0.0013% (10.9% APR)11/10, 09:00: 0.0013% (10.9% APR)11/10, 10:00: 0.0013% (10.9% APR)11/10, 11:00: 0.0013% (10.9% APR)11/10, 12:00: 0.0013% (10.9% APR)11/10, 13:00: 0.0005% (4.8% APR)11/10, 14:00: -0.0033% (-28.8% APR)11/10, 15:00: -0.0023% (-20.3% APR)11/10, 16:00: 0.0009% (7.5% APR)11/10, 17:00: -0.0038% (-33.6% APR)11/10, 18:00: -0.0061% (-53.0% APR)11/10, 19:00: 0.0013% (10.9% APR)11/10, 20:00: 0.0013% (10.9% APR)11/10, 21:00: 0.0013% (10.9% APR)11/10, 22:00: 0.0013% (10.9% APR)11/10, 23:00: 0.0013% (10.9% APR)12/10, 00:00: 0.0013% (10.9% APR)12/10, 01:00: 0.0013% (10.9% APR)12/10, 02:00: 0.0013% (10.9% APR)12/10, 03:00: 0.0013% (10.9% APR)12/10, 04:00: 0.0013% (10.9% APR)12/10, 05:00: 0.0013% (10.9% APR)12/10, 06:00: -0.0014% (-12.0% APR)12/10, 07:00: -0.0013% (-11.5% APR)12/10, 08:00: 0.0013% (10.9% APR)12/10, 09:00: 0.0013% (10.9% 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: 0.0012% (10.8% APR)12/10, 14:00: 0.0013% (10.9% APR)12/10, 15:00: 0.0013% (10.9% APR)12/10, 16:00: 0.0013% (10.9% APR)12/10, 17:00: 0.0013% (10.9% APR)12/10, 18:00: 0.0013% (10.9% APR)12/10, 19:00: 0.0013% (10.9% APR)12/10, 20:00: -0.0031% (-27.2% APR)12/10, 21:00: -0.0054% (-47.0% APR)12/10, 22:00: -0.0058% (-50.4% APR)12/10, 23:00: -0.0054% (-47.6% APR)13/10, 00:00: -0.0045% (-39.1% APR)13/10, 01:00: -0.0041% (-36.0% APR)13/10, 02:00: 0.0013% (10.9% APR)13/10, 03:00: 0.0007% (5.7% APR)13/10, 04:00: 0.0013% (10.9% APR)13/10, 05:00: 0.0013% (10.9% APR)13/10, 06:00: 0.0004% (3.8% APR)13/10, 07:00: 0.0013% (10.9% APR)13/10, 08:00: 0.0013% (10.9% APR)13/10, 09:00: 0.0013% (10.9% APR)13/10, 10:00: -0.0037% (-32.2% APR)13/10, 11:00: -0.0008% (-7.2% APR)13/10, 12:00: -0.0015% (-13.4% APR)13/10, 13:00: -0.0018% (-15.8% APR)13/10, 14:00: -0.0030% (-26.2% APR)13/10, 15:00: -0.0022% (-19.7% APR)13/10, 16:00: -0.0042% (-37.1% APR)13/10, 17:00: -0.0054% (-47.4% APR)13/10, 18:00: -0.0008% (-7.4% APR)13/10, 19:00: -0.0011% (-9.9% APR)13/10, 20:00: 0.0002% (1.4% APR)13/10, 21:00: -0.0007% (-5.7% APR)13/10, 22:00: -0.0005% (-4.7% APR)13/10, 23:00: -0.0010% (-8.8% APR)14/10, 00:00: -0.0029% (-25.2% APR)14/10, 01:00: -0.0014% (-12.1% APR)14/10, 02:00: -0.0010% (-8.5% APR)14/10, 03:00: 0.0010% (8.8% APR)14/10, 04:00: -0.0004% (-3.9% APR)14/10, 05:00: -0.0012% (-10.2% APR)14/10, 06:00: 0.0002% (1.4% APR)14/10, 07:00: 0.0001% (1.2% APR)14/10, 08:00: 0.0007% (6.3% APR)14/10, 09:00: 0.0012% (10.1% APR)14/10, 10:00: 0.0000% (0.1% APR)14/10, 11:00: -0.0009% (-8.2% APR)14/10, 12:00: -0.0025% (-21.5% APR)14/10, 13:00: 0.0013% (10.9% APR)14/10, 14:00: -0.0016% (-14.1% APR)14/10, 15:00: 0.0013% (10.9% APR)14/10, 16:00: -0.0005% (-4.4% APR)14/10, 17:00: 0.0005% (4.2% APR)14/10, 18:00: -0.0043% (-38.1% APR)14/10, 19:00: -0.0092% (-80.6% APR)14/10, 20:00: -0.0102% (-89.6% APR)14/10, 21:00: -0.0078% (-68.0% APR)14/10, 22:00: -0.0084% (-73.2% APR)14/10, 23:00: -0.0111% (-97.2% APR)15/10, 00:00: -0.0120% (-105.0% APR)15/10, 01:00: -0.0049% (-43.2% APR)15/10, 02:00: -0.0029% (-25.6% APR)15/10, 03:00: -0.0065% (-56.8% APR)15/10, 04:00: -0.0086% (-75.5% APR)15/10, 05:00: -0.0035% (-30.7% APR)15/10, 06:00: -0.0022% (-19.2% APR)15/10, 07:00: -0.0055% (-48.5% APR)15/10, 08:00: -0.0068% (-59.6% APR)15/10, 09:00: -0.0020% (-17.8% APR)15/10, 10:00: -0.0032% (-28.0% APR)15/10, 11:00: -0.0034% (-29.9% APR)15/10, 12:00: -0.0033% (-28.7% APR)15/10, 13:00: -0.0021% (-18.7% APR)15/10, 14:00: -0.0012% (-10.4% APR)15/10, 15:00: -0.0033% (-28.5% APR)15/10, 16:00: -0.0053% (-46.0% APR)15/10, 17:00: -0.0043% (-37.4% APR)15/10, 18:00: -0.0087% (-76.6% APR)15/10, 19:00: -0.0031% (-26.8% APR)15/10, 20:00: 0.0013% (10.9% APR)15/10, 21:00: -0.0006% (-5.1% APR)15/10, 22:00: -0.0023% (-20.2% APR)15/10, 23:00: -0.0011% (-9.8% APR)16/10, 00:00: 0.0013% (10.9% APR)16/10, 01:00: -0.0011% (-9.8% APR)16/10, 02:00: -0.0041% (-35.8% APR)16/10, 03:00: -0.0058% (-50.8% APR)16/10, 04:00: -0.0053% (-46.6% APR)16/10, 05:00: 0.0010% (8.9% APR)16/10, 06:00: -0.0026% (-23.1% APR)16/10, 07:00: -0.0002% (-1.7% APR)16/10, 08:00: -0.0008% (-7.3% APR)16/10, 09:00: 0.0001% (0.7% APR)16/10, 10:00: -0.0003% (-3.0% APR)16/10, 11:00: -0.0020% (-17.8% APR)16/10, 12:00: -0.0035% (-30.8% APR)16/10, 13:00: -0.0001% (-1.2% APR)16/10, 14:00: -0.0010% (-8.5% APR)16/10, 15:00: -0.0004% (-3.5% APR)16/10, 16:00: -0.0017% (-14.9% APR)16/10, 17:00: 0.0013% (10.9% APR)+105% APR−105%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: 0.0012% (10.5% APR)11/10, 05:00: 0.0012% (10.5% APR)11/10, 06:00: 0.0012% (10.5% APR)11/10, 07:00: 0.0012% (10.5% APR)11/10, 08:00: 0.0012% (10.5% 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: -0.0081% (-71.0% 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: -0.0039% (-34.2% APR)11/10, 18:00: -0.0038% (-33.3% APR)11/10, 19:00: 0.0012% (10.5% APR)11/10, 20:00: -0.0024% (-21.0% APR)11/10, 21:00: 0.0012% (10.5% APR)11/10, 22:00: 0.0012% (10.5% 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: 0.0012% (10.5% APR)12/10, 04:00: 0.0012% (10.5% APR)12/10, 05:00: 0.0012% (10.5% APR)12/10, 06:00: 0.0012% (10.5% APR)12/10, 07:00: 0.0012% (10.5% 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: 0.0012% (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: -0.0002% (-1.8% APR)13/10, 14:00: 0.0012% (10.5% APR)13/10, 15:00: 0.0012% (10.5% APR)13/10, 16:00: -0.0020% (-17.5% APR)13/10, 17:00: -0.0029% (-25.4% 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: 0.0012% (10.5% 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: 0.0012% (10.5% 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: 0.0012% (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)18/10, 01:00: 0.0012% (10.5% APR)+71% APR−71%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

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

S funding comparison: questions and answers

Where is S funding the highest right now?

Lighter: 10.5%, Hyperliquid: 0.4%, Bybit: -5.1%, Binance: -10.4% APR. A positive rate means longs pay shorts.

How can you earn the S funding spread?

Short S on Lighter and go long the same size on Binance: the price risk is hedged, and the difference of 20.9% 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 S funding averaged on Hyperliquid and Lighter?

Hyperliquid: — over 24 hours and -12.8% over 7 days. Lighter: 10.5% over 24 hours and 8.9% over 7 days (APR).