MINIMAX funding rate: Hyperliquid vs Lighter

Price 22.484 · every rate converted to APR · Hyperliquid and Lighter pay funding every hour

Hyperliquid, APR
5.5%
0.0006% per hour
Lighter, APR
3.5%
0.0004% per hour
Binance, APR
0.0%
0.0000% per hour
Bybit, APR
0.0%
0.0000% per hour
Max spread, APR
5.5%
Short on Hyperliquid, long on Bybit

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid—6.8%7.7%
Lighter-25.6%1.4%3.4%

Hyperliquid funding by hour, 7 days

11/10, 03:00: 0.0011% (9.4% APR)11/10, 04:00: -0.0008% (-7.4% APR)11/10, 05:00: 0.0006% (5.5% APR)11/10, 06:00: 0.0006% (5.5% APR)11/10, 07:00: 0.0006% (5.5% APR)11/10, 08:00: 0.0006% (5.5% APR)11/10, 09:00: 0.0006% (5.5% APR)11/10, 10:00: 0.0006% (5.5% APR)11/10, 11:00: 0.0006% (5.5% APR)11/10, 12:00: -0.0015% (-13.3% APR)11/10, 13:00: 0.0006% (5.5% APR)11/10, 14:00: 0.0006% (5.5% APR)11/10, 15:00: 0.0028% (24.7% APR)11/10, 16:00: 0.0088% (77.2% APR)11/10, 17:00: 0.0263% (230.0% APR)11/10, 18:00: 0.0167% (146.4% APR)11/10, 19:00: 0.0048% (42.3% APR)11/10, 20:00: 0.0110% (96.6% APR)11/10, 21:00: 0.0144% (125.8% APR)11/10, 22:00: 0.0006% (5.5% APR)11/10, 23:00: 0.0029% (25.0% APR)12/10, 00:00: -0.0054% (-47.5% APR)12/10, 01:00: -0.0043% (-37.8% APR)12/10, 02:00: -0.0091% (-79.9% APR)12/10, 03:00: 0.0037% (32.5% APR)12/10, 04:00: 0.0037% (32.7% APR)12/10, 05:00: 0.0075% (65.7% APR)12/10, 06:00: 0.0006% (5.5% APR)12/10, 07:00: 0.0035% (30.6% APR)12/10, 08:00: 0.0052% (45.8% APR)12/10, 09:00: -0.0069% (-60.4% APR)12/10, 10:00: 0.0003% (2.3% APR)12/10, 11:00: 0.0006% (5.5% APR)12/10, 12:00: -0.0021% (-18.5% APR)12/10, 13:00: -0.0038% (-33.1% APR)12/10, 14:00: -0.0132% (-116.0% APR)12/10, 15:00: -0.0176% (-154.5% APR)12/10, 16:00: -0.0057% (-49.6% APR)12/10, 17:00: 0.0006% (5.5% APR)12/10, 18:00: 0.0006% (5.5% APR)12/10, 19:00: 0.0006% (5.5% APR)12/10, 20:00: 0.0040% (35.1% APR)12/10, 21:00: 0.0036% (31.3% APR)12/10, 22:00: -0.0023% (-20.5% APR)12/10, 23:00: -0.0031% (-27.4% APR)13/10, 00:00: -0.0122% (-106.7% APR)13/10, 01:00: -0.0184% (-161.3% APR)13/10, 02:00: -0.0121% (-105.9% APR)13/10, 03:00: 0.0071% (62.4% APR)13/10, 04:00: 0.0094% (82.1% APR)13/10, 05:00: 0.0006% (5.5% APR)13/10, 06:00: 0.0077% (67.0% APR)13/10, 07:00: 0.0073% (63.9% APR)13/10, 08:00: 0.0068% (59.2% APR)13/10, 09:00: -0.0038% (-33.1% APR)13/10, 10:00: -0.0086% (-75.2% APR)13/10, 11:00: -0.0070% (-61.0% APR)13/10, 12:00: -0.0122% (-106.9% APR)13/10, 13:00: -0.0033% (-28.6% APR)13/10, 14:00: 0.0023% (20.3% APR)13/10, 15:00: 0.0014% (12.7% APR)13/10, 16:00: -0.0038% (-33.7% APR)13/10, 17:00: 0.0104% (90.9% APR)13/10, 18:00: 0.0006% (5.5% APR)13/10, 19:00: 0.0034% (29.6% APR)13/10, 20:00: 0.0050% (43.6% APR)13/10, 21:00: 0.0035% (30.4% APR)13/10, 22:00: 0.0027% (23.6% APR)13/10, 23:00: 0.0017% (14.7% APR)14/10, 00:00: -0.0039% (-34.0% APR)14/10, 01:00: 0.0028% (24.9% APR)14/10, 02:00: 0.0064% (55.7% APR)14/10, 03:00: 0.0078% (68.4% APR)14/10, 04:00: 0.0076% (66.5% APR)14/10, 05:00: 0.0006% (5.5% APR)14/10, 06:00: 0.0103% (89.8% APR)14/10, 07:00: 0.0148% (129.7% APR)14/10, 08:00: 0.0136% (119.0% APR)14/10, 09:00: -0.0062% (-54.6% APR)14/10, 10:00: -0.0100% (-88.0% APR)14/10, 11:00: -0.0038% (-33.5% APR)14/10, 12:00: -0.0008% (-7.3% APR)14/10, 13:00: -0.0066% (-58.1% APR)14/10, 14:00: -0.0211% (-184.6% APR)14/10, 15:00: -0.0088% (-77.1% APR)14/10, 16:00: -0.0003% (-2.3% APR)14/10, 17:00: -0.0105% (-92.3% APR)14/10, 18:00: -0.0059% (-51.8% APR)14/10, 19:00: -0.0030% (-26.3% APR)14/10, 20:00: 0.0010% (9.2% APR)14/10, 21:00: 0.0006% (5.5% APR)14/10, 22:00: -0.0022% (-18.9% APR)14/10, 23:00: -0.0148% (-129.9% APR)15/10, 00:00: -0.0153% (-133.7% APR)15/10, 01:00: -0.0240% (-210.2% APR)15/10, 02:00: -0.0205% (-179.5% APR)15/10, 03:00: 0.0042% (36.9% APR)15/10, 04:00: 0.0023% (19.8% APR)15/10, 05:00: 0.0056% (49.2% APR)15/10, 06:00: 0.0087% (75.8% APR)15/10, 07:00: 0.0126% (110.7% APR)15/10, 08:00: 0.0070% (61.5% APR)15/10, 09:00: 0.0035% (30.8% APR)15/10, 10:00: -0.0021% (-18.1% APR)15/10, 11:00: -0.0064% (-55.7% APR)15/10, 12:00: 0.0015% (13.5% APR)15/10, 13:00: -0.0020% (-17.5% APR)15/10, 14:00: -0.0239% (-209.8% APR)15/10, 15:00: 0.0191% (167.0% APR)15/10, 16:00: 0.0131% (114.7% APR)15/10, 17:00: 0.0006% (5.5% APR)15/10, 18:00: 0.0201% (175.9% APR)15/10, 19:00: 0.0181% (158.3% APR)15/10, 20:00: 0.0260% (227.6% APR)15/10, 21:00: 0.0081% (71.2% APR)15/10, 22:00: 0.0002% (1.7% APR)15/10, 23:00: 0.0093% (81.7% APR)16/10, 00:00: -0.0085% (-74.2% APR)16/10, 01:00: -0.0143% (-125.7% APR)16/10, 02:00: 0.0329% (288.6% APR)16/10, 03:00: 0.0042% (36.8% APR)16/10, 04:00: 0.0061% (53.1% APR)16/10, 05:00: 0.0158% (138.5% APR)16/10, 06:00: 0.0025% (21.9% APR)16/10, 07:00: 0.0006% (5.5% APR)16/10, 08:00: 0.0006% (5.5% APR)16/10, 09:00: 0.0006% (5.5% APR)16/10, 10:00: -0.0005% (-4.6% APR)16/10, 11:00: 0.0006% (5.5% APR)16/10, 12:00: -0.0002% (-1.5% APR)16/10, 13:00: 0.0006% (5.5% APR)16/10, 14:00: 0.0005% (4.8% APR)16/10, 15:00: 0.0080% (70.0% APR)16/10, 16:00: -0.0078% (-68.2% APR)16/10, 17:00: -0.0007% (-6.0% APR)16/10, 18:00: 0.0030% (26.7% APR)16/10, 19:00: 0.0006% (5.5% APR)16/10, 20:00: 0.0006% (5.5% APR)16/10, 21:00: -0.0005% (-4.2% APR)16/10, 22:00: 0.0023% (20.4% APR)16/10, 23:00: -0.0126% (-110.3% APR)17/10, 00:00: -0.0030% (-26.0% APR)17/10, 01:00: 0.0042% (36.9% APR)+289% APR−289%12 Oct13 Oct14 Oct15 Oct16 Oct
Longs pay shortsShorts pay longs

Lighter funding by hour, 7 days

11/10, 03:00: 0.0004% (3.5% APR)11/10, 04:00: 0.0004% (3.5% APR)11/10, 05:00: 0.0004% (3.5% APR)11/10, 06:00: 0.0004% (3.5% APR)11/10, 07:00: 0.0004% (3.5% APR)11/10, 08:00: 0.0004% (3.5% APR)11/10, 09:00: 0.0004% (3.5% APR)11/10, 10:00: 0.0004% (3.5% APR)11/10, 11:00: 0.0004% (3.5% APR)11/10, 12:00: -0.0303% (-265.4% APR)11/10, 13:00: -0.0286% (-250.5% APR)11/10, 14:00: -0.0288% (-252.3% APR)11/10, 15:00: -0.0218% (-191.0% APR)11/10, 16:00: 0.0004% (3.5% APR)11/10, 17:00: 0.0004% (3.5% APR)11/10, 18:00: 0.0004% (3.5% APR)11/10, 19:00: 0.0004% (3.5% APR)11/10, 20:00: 0.0004% (3.5% APR)11/10, 21:00: 0.0276% (241.8% APR)11/10, 22:00: 0.0203% (177.8% APR)11/10, 23:00: 0.0370% (324.1% APR)12/10, 00:00: 0.0141% (123.5% APR)12/10, 01:00: 0.0004% (3.5% APR)12/10, 02:00: -0.0052% (-45.6% APR)12/10, 03:00: 0.0024% (21.0% APR)12/10, 04:00: 0.0023% (20.1% APR)12/10, 05:00: 0.0014% (12.3% APR)12/10, 06:00: 0.0004% (3.5% APR)12/10, 07:00: 0.0004% (3.5% APR)12/10, 08:00: 0.0021% (18.4% APR)12/10, 09:00: 0.0004% (3.5% APR)12/10, 10:00: 0.0004% (3.5% APR)12/10, 11:00: 0.0004% (3.5% APR)12/10, 12:00: 0.0004% (3.5% APR)12/10, 13:00: 0.0004% (3.5% APR)12/10, 14:00: -0.0028% (-24.5% APR)12/10, 15:00: -0.0052% (-45.6% APR)12/10, 16:00: 0.0004% (3.5% APR)12/10, 17:00: 0.0004% (3.5% APR)12/10, 18:00: 0.0004% (3.5% APR)12/10, 19:00: 0.0004% (3.5% APR)12/10, 20:00: 0.0004% (3.5% APR)12/10, 21:00: 0.0004% (3.5% APR)12/10, 22:00: 0.0004% (3.5% APR)12/10, 23:00: 0.0004% (3.5% APR)13/10, 00:00: -0.0026% (-22.8% APR)13/10, 01:00: -0.0070% (-61.3% APR)13/10, 02:00: -0.0089% (-78.0% APR)13/10, 03:00: 0.0043% (37.7% APR)13/10, 04:00: 0.0091% (79.7% APR)13/10, 05:00: 0.0004% (3.5% APR)13/10, 06:00: 0.0049% (42.9% APR)13/10, 07:00: 0.0048% (42.0% APR)13/10, 08:00: 0.0039% (34.2% APR)13/10, 09:00: 0.0004% (3.5% APR)13/10, 10:00: 0.0004% (3.5% APR)13/10, 11:00: 0.0004% (3.5% APR)13/10, 12:00: -0.0023% (-20.1% APR)13/10, 13:00: 0.0004% (3.5% APR)13/10, 14:00: 0.0004% (3.5% APR)13/10, 15:00: 0.0004% (3.5% APR)13/10, 16:00: 0.0004% (3.5% APR)13/10, 17:00: 0.0017% (14.9% APR)13/10, 18:00: 0.0004% (3.5% APR)13/10, 19:00: 0.0004% (3.5% APR)13/10, 20:00: 0.0004% (3.5% APR)13/10, 21:00: 0.0004% (3.5% APR)13/10, 22:00: 0.0004% (3.5% APR)13/10, 23:00: 0.0004% (3.5% APR)14/10, 00:00: 0.0004% (3.5% APR)14/10, 01:00: 0.0004% (3.5% APR)14/10, 02:00: 0.0040% (35.0% APR)14/10, 03:00: 0.0058% (50.8% APR)14/10, 04:00: 0.0028% (24.5% APR)14/10, 05:00: 0.0004% (3.5% APR)14/10, 06:00: 0.0018% (15.8% APR)14/10, 07:00: 0.0110% (96.4% APR)14/10, 08:00: 0.0098% (85.8% APR)14/10, 09:00: 0.0004% (3.5% APR)14/10, 10:00: 0.0004% (3.5% APR)14/10, 11:00: -0.0017% (-14.9% APR)14/10, 12:00: 0.0004% (3.5% APR)14/10, 13:00: -0.0034% (-29.8% APR)14/10, 14:00: -0.0122% (-106.9% APR)14/10, 15:00: -0.0001% (-0.9% APR)14/10, 16:00: 0.0004% (3.5% APR)14/10, 17:00: -0.0046% (-40.3% APR)14/10, 18:00: -0.0009% (-7.9% APR)14/10, 19:00: 0.0004% (3.5% APR)14/10, 20:00: 0.0004% (3.5% APR)14/10, 21:00: 0.0004% (3.5% APR)14/10, 22:00: 0.0004% (3.5% APR)14/10, 23:00: -0.0078% (-68.3% APR)15/10, 00:00: -0.0053% (-46.4% APR)15/10, 01:00: -0.0142% (-124.4% APR)15/10, 02:00: -0.0146% (-127.9% APR)15/10, 03:00: 0.0043% (37.7% APR)15/10, 04:00: 0.0022% (19.3% APR)15/10, 05:00: 0.0004% (3.5% APR)15/10, 06:00: 0.0051% (44.7% APR)15/10, 07:00: 0.0125% (109.5% APR)15/10, 08:00: 0.0046% (40.3% APR)15/10, 09:00: 0.0010% (8.8% APR)15/10, 10:00: 0.0004% (3.5% APR)15/10, 11:00: -0.0001% (-0.9% APR)15/10, 12:00: 0.0004% (3.5% APR)15/10, 13:00: 0.0004% (3.5% APR)15/10, 14:00: -0.0151% (-132.3% APR)15/10, 15:00: 0.0117% (102.5% APR)15/10, 16:00: 0.0069% (60.4% APR)15/10, 17:00: 0.0004% (3.5% APR)15/10, 18:00: 0.0114% (99.9% APR)15/10, 19:00: 0.0103% (90.2% APR)15/10, 20:00: 0.0190% (166.4% APR)15/10, 21:00: 0.0004% (3.5% APR)15/10, 22:00: 0.0000% (0.0% APR)15/10, 23:00: 0.0015% (13.1% APR)16/10, 00:00: -0.0019% (-16.6% APR)16/10, 01:00: -0.0091% (-79.7% APR)16/10, 02:00: 0.0284% (248.8% APR)16/10, 03:00: 0.0018% (15.8% APR)16/10, 04:00: 0.0042% (36.8% APR)16/10, 05:00: 0.0110% (96.4% APR)16/10, 06:00: 0.0007% (6.1% APR)16/10, 07:00: 0.0004% (3.5% APR)16/10, 08:00: 0.0004% (3.5% APR)16/10, 09:00: 0.0004% (3.5% APR)16/10, 10:00: 0.0004% (3.5% APR)16/10, 11:00: 0.0004% (3.5% APR)16/10, 12:00: 0.0004% (3.5% APR)16/10, 13:00: 0.0004% (3.5% APR)16/10, 14:00: 0.0004% (3.5% APR)16/10, 15:00: 0.0008% (7.0% APR)16/10, 16:00: -0.0034% (-29.8% APR)16/10, 17:00: 0.0004% (3.5% APR)16/10, 18:00: 0.0009% (7.9% APR)16/10, 19:00: 0.0002% (1.8% APR)16/10, 20:00: 0.0004% (3.5% APR)16/10, 21:00: 0.0004% (3.5% APR)16/10, 22:00: 0.0004% (3.5% APR)16/10, 23:00: -0.0053% (-46.4% APR)17/10, 00:00: 0.0004% (3.5% APR)17/10, 01:00: 0.0004% (3.5% APR)17/10, 02:00: 0.0004% (3.5% APR)17/10, 03:00: 0.0004% (3.5% APR)17/10, 04:00: 0.0004% (3.5% APR)17/10, 05:00: 0.0004% (3.5% APR)17/10, 06:00: 0.0004% (3.5% APR)17/10, 07:00: 0.0004% (3.5% APR)17/10, 08:00: 0.0004% (3.5% APR)17/10, 09:00: 0.0004% (3.5% APR)17/10, 10:00: 0.0004% (3.5% APR)17/10, 11:00: 0.0004% (3.5% APR)17/10, 12:00: 0.0004% (3.5% APR)17/10, 13:00: -0.0018% (-15.8% APR)17/10, 14:00: 0.0004% (3.5% APR)17/10, 15:00: 0.0004% (3.5% APR)17/10, 16:00: -0.0022% (-19.3% APR)17/10, 17:00: 0.0004% (3.5% APR)17/10, 18:00: 0.0004% (3.5% APR)17/10, 19:00: 0.0004% (3.5% APR)17/10, 20:00: 0.0004% (3.5% APR)17/10, 21:00: 0.0004% (3.5% APR)17/10, 22:00: -0.0815% (-713.9% APR)17/10, 23:00: 0.0004% (3.5% APR)18/10, 00:00: 0.0073% (63.9% APR)18/10, 01:00: 0.0004% (3.5% APR)18/10, 02:00: 0.0004% (3.5% APR)+714% APR−714%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

MINIMAX (xyz) funding on Hyperliquid →MINIMAX (xyz): whale positions →All markets: funding comparison →

MINIMAX (xyz) funding comparison: questions and answers

Where is MINIMAX (xyz) funding the highest right now?

Hyperliquid: 5.5%, Lighter: 3.5%, Binance: 0.0%, Bybit: 0.0% APR. A positive rate means longs pay shorts.

How can you earn the MINIMAX (xyz) funding spread?

Short MINIMAX (xyz) on Hyperliquid and go long the same size on Bybit: the price risk is hedged, and the difference of 5.5% 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 MINIMAX (xyz) funding averaged on Hyperliquid and Lighter?

Hyperliquid: — over 24 hours and 6.8% over 7 days. Lighter: -25.6% over 24 hours and 1.4% over 7 days (APR).