MicroStrategy (MSTR) funding rate: Hyperliquid vs Lighter

Price 137.08 · 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
26.5%
0.0030% per hour
Bybit, APR
72.9%
0.0083% per hour
Max spread, APR
69.4%
Short on Bybit, long on Lighter

Average paid funding, APR

Exchange24 hours7 days30 days
Hyperliquid8.3%12.6%13.9%
Lighter7.2%5.7%9.2%

Hyperliquid funding by hour, 7 days

11/10, 03:00: 0.0007% (5.7% APR)11/10, 04:00: -0.0050% (-43.8% APR)11/10, 05:00: 0.0001% (1.0% APR)11/10, 06:00: 0.0016% (14.2% APR)11/10, 07:00: 0.0019% (16.6% 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: 0.0031% (26.7% APR)11/10, 13:00: 0.0038% (33.6% APR)11/10, 14:00: 0.0006% (5.5% APR)11/10, 15:00: 0.0006% (5.5% APR)11/10, 16:00: 0.0075% (65.6% APR)11/10, 17:00: 0.0235% (206.0% APR)11/10, 18:00: 0.0054% (47.0% APR)11/10, 19:00: -0.0069% (-60.1% APR)11/10, 20:00: -0.0027% (-23.9% APR)11/10, 21:00: -0.0030% (-26.3% APR)11/10, 22:00: -0.0082% (-72.1% APR)11/10, 23:00: 0.0044% (38.4% APR)12/10, 00:00: 0.0039% (34.3% APR)12/10, 01:00: 0.0006% (5.5% APR)12/10, 02:00: 0.0006% (5.5% APR)12/10, 03:00: 0.0019% (16.9% APR)12/10, 04:00: 0.0017% (15.0% APR)12/10, 05:00: 0.0015% (13.6% APR)12/10, 06:00: 0.0017% (14.9% APR)12/10, 07:00: 0.0015% (13.1% APR)12/10, 08:00: 0.0021% (18.2% APR)12/10, 09:00: 0.0006% (5.5% APR)12/10, 10:00: 0.0021% (18.8% APR)12/10, 11:00: 0.0016% (13.7% APR)12/10, 12:00: 0.0024% (20.8% APR)12/10, 13:00: 0.0021% (18.3% APR)12/10, 14:00: 0.0013% (11.0% APR)12/10, 15:00: 0.0016% (14.2% APR)12/10, 16:00: 0.0019% (17.1% APR)12/10, 17:00: 0.0021% (18.8% APR)12/10, 18:00: 0.0020% (17.6% APR)12/10, 19:00: 0.0022% (19.4% APR)12/10, 20:00: 0.0015% (12.8% APR)12/10, 21:00: 0.0012% (10.2% APR)12/10, 22:00: 0.0013% (11.6% APR)12/10, 23:00: 0.0006% (5.5% APR)13/10, 00:00: 0.0006% (5.5% APR)13/10, 01:00: 0.0012% (10.1% APR)13/10, 02:00: 0.0008% (7.2% APR)13/10, 03:00: 0.0024% (21.4% APR)13/10, 04:00: 0.0027% (23.6% APR)13/10, 05:00: 0.0043% (37.5% APR)13/10, 06:00: 0.0044% (38.2% APR)13/10, 07:00: 0.0044% (38.7% APR)13/10, 08:00: 0.0048% (41.8% APR)13/10, 09:00: 0.0034% (30.2% APR)13/10, 10:00: 0.0007% (5.9% APR)13/10, 11:00: 0.0018% (15.4% APR)13/10, 12:00: 0.0015% (13.1% APR)13/10, 13:00: 0.0018% (15.4% APR)13/10, 14:00: 0.0008% (7.2% APR)13/10, 15:00: 0.0013% (11.5% APR)13/10, 16:00: 0.0009% (7.9% APR)13/10, 17:00: 0.0009% (7.7% APR)13/10, 18:00: 0.0010% (8.6% APR)13/10, 19:00: 0.0009% (7.9% APR)13/10, 20:00: 0.0007% (6.2% APR)13/10, 21:00: 0.0015% (12.8% APR)13/10, 22:00: 0.0006% (5.5% APR)13/10, 23:00: 0.0011% (10.0% APR)14/10, 00:00: 0.0006% (5.5% APR)14/10, 01:00: 0.0006% (5.5% APR)14/10, 02:00: 0.0006% (5.5% APR)14/10, 03:00: 0.0006% (5.5% APR)14/10, 04:00: 0.0006% (5.5% APR)14/10, 05:00: 0.0006% (5.5% APR)14/10, 06:00: 0.0006% (5.5% APR)14/10, 07:00: 0.0006% (5.5% APR)14/10, 08:00: 0.0006% (5.5% APR)14/10, 09:00: 0.0006% (5.5% APR)14/10, 10:00: 0.0006% (5.5% APR)14/10, 11:00: 0.0006% (5.5% APR)14/10, 12:00: 0.0006% (5.5% APR)14/10, 13:00: 0.0021% (18.2% APR)14/10, 14:00: 0.0013% (11.3% APR)14/10, 15:00: 0.0014% (12.5% APR)14/10, 16:00: 0.0021% (18.8% APR)14/10, 17:00: 0.0022% (19.5% APR)14/10, 18:00: 0.0021% (18.5% APR)14/10, 19:00: 0.0015% (12.9% APR)14/10, 20:00: 0.0018% (16.0% APR)14/10, 21:00: 0.0011% (10.0% APR)14/10, 22:00: 0.0008% (6.9% APR)14/10, 23:00: 0.0011% (9.6% APR)15/10, 00:00: 0.0023% (20.2% APR)15/10, 01:00: 0.0028% (24.2% APR)15/10, 02:00: 0.0029% (25.4% APR)15/10, 03:00: 0.0025% (21.6% APR)15/10, 04:00: 0.0027% (23.3% APR)15/10, 05:00: 0.0028% (24.4% APR)15/10, 06:00: 0.0019% (16.7% APR)15/10, 07:00: 0.0013% (11.7% APR)15/10, 08:00: 0.0010% (9.2% APR)15/10, 09:00: 0.0020% (17.7% APR)15/10, 10:00: 0.0022% (18.9% APR)15/10, 11:00: 0.0006% (5.5% APR)15/10, 12:00: 0.0006% (5.5% APR)15/10, 13:00: 0.0007% (5.9% APR)15/10, 14:00: 0.0016% (13.7% APR)15/10, 15:00: 0.0015% (13.3% APR)15/10, 16:00: 0.0006% (5.5% APR)15/10, 17:00: 0.0006% (5.5% APR)15/10, 18:00: 0.0006% (5.5% APR)15/10, 19:00: 0.0006% (5.5% APR)15/10, 20:00: 0.0006% (5.5% APR)15/10, 21:00: 0.0006% (5.5% APR)15/10, 22:00: 0.0006% (5.5% APR)15/10, 23:00: 0.0016% (13.7% APR)16/10, 00:00: 0.0006% (5.5% APR)16/10, 01:00: 0.0022% (19.0% APR)16/10, 02:00: 0.0018% (16.1% APR)16/10, 03:00: 0.0019% (16.9% APR)16/10, 04:00: 0.0022% (18.9% APR)16/10, 05:00: 0.0022% (19.1% APR)16/10, 06:00: 0.0024% (20.7% APR)16/10, 07:00: 0.0022% (19.3% APR)16/10, 08:00: 0.0020% (17.5% APR)16/10, 09:00: 0.0011% (9.3% APR)16/10, 10:00: 0.0006% (5.5% APR)16/10, 11:00: 0.0006% (5.5% APR)16/10, 12:00: 0.0015% (13.1% APR)16/10, 13:00: 0.0014% (12.4% APR)16/10, 14:00: 0.0010% (8.3% APR)16/10, 15:00: 0.0017% (15.2% APR)16/10, 16:00: 0.0013% (11.3% APR)16/10, 17:00: 0.0015% (12.8% APR)16/10, 18:00: 0.0006% (5.5% APR)16/10, 19:00: 0.0015% (12.9% APR)16/10, 20:00: 0.0020% (17.1% APR)16/10, 21:00: 0.0016% (14.2% APR)16/10, 22:00: 0.0010% (8.8% APR)16/10, 23:00: 0.0053% (46.0% APR)17/10, 00:00: 0.0023% (20.0% APR)17/10, 01:00: 0.0006% (5.5% APR)17/10, 02:00: 0.0006% (5.5% APR)17/10, 03:00: 0.0006% (5.5% APR)17/10, 04:00: 0.0071% (62.0% APR)17/10, 05:00: 0.0006% (5.5% APR)17/10, 06:00: 0.0006% (5.5% APR)17/10, 07:00: 0.0020% (17.3% APR)17/10, 08:00: 0.0080% (69.9% APR)17/10, 09:00: 0.0009% (7.7% APR)17/10, 10:00: -0.0004% (-3.4% APR)17/10, 11:00: -0.0017% (-15.1% APR)17/10, 12:00: -0.0012% (-10.7% APR)17/10, 13:00: -0.0036% (-31.2% APR)17/10, 14:00: -0.0013% (-11.1% APR)17/10, 15:00: 0.0025% (21.8% APR)17/10, 16:00: -0.0062% (-54.3% APR)17/10, 17:00: -0.0110% (-96.4% APR)17/10, 18:00: -0.0035% (-30.6% APR)17/10, 19:00: 0.0071% (62.1% APR)17/10, 20:00: 0.0043% (37.5% APR)17/10, 21:00: 0.0018% (16.2% APR)17/10, 22:00: -0.0176% (-154.3% APR)17/10, 23:00: 0.0038% (33.3% APR)18/10, 00:00: 0.0064% (55.9% APR)18/10, 01:00: 0.0112% (98.3% APR)18/10, 02:00: 0.0123% (107.6% APR)+206% APR−206%12 Oct13 Oct14 Oct15 Oct16 Oct17 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: -0.0031% (-27.2% 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: 0.0010% (8.8% APR)11/10, 13:00: 0.0012% (10.5% APR)11/10, 14:00: 0.0004% (3.5% APR)11/10, 15:00: 0.0004% (3.5% APR)11/10, 16:00: 0.0055% (48.2% APR)11/10, 17:00: 0.0199% (174.3% APR)11/10, 18:00: 0.0028% (24.5% APR)11/10, 19:00: -0.0045% (-39.4% APR)11/10, 20:00: 0.0004% (3.5% APR)11/10, 21:00: 0.0000% (0.0% APR)11/10, 22:00: -0.0048% (-42.0% APR)11/10, 23:00: 0.0025% (21.9% APR)12/10, 00:00: 0.0023% (20.1% APR)12/10, 01:00: 0.0004% (3.5% APR)12/10, 02:00: 0.0004% (3.5% APR)12/10, 03:00: 0.0006% (5.3% APR)12/10, 04:00: 0.0005% (4.4% APR)12/10, 05:00: 0.0014% (12.3% APR)12/10, 06:00: 0.0004% (3.5% APR)12/10, 07:00: 0.0007% (6.1% APR)12/10, 08:00: 0.0017% (14.9% 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: 0.0004% (3.5% APR)12/10, 15:00: 0.0004% (3.5% 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: 0.0004% (3.5% APR)13/10, 01:00: 0.0004% (3.5% APR)13/10, 02:00: 0.0004% (3.5% APR)13/10, 03:00: 0.0004% (3.5% APR)13/10, 04:00: 0.0004% (3.5% APR)13/10, 05:00: 0.0012% (10.5% APR)13/10, 06:00: 0.0007% (6.1% APR)13/10, 07:00: 0.0004% (3.5% APR)13/10, 08:00: 0.0004% (3.5% 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: 0.0004% (3.5% 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: 0.0004% (3.5% 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: 0.0022% (19.3% 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: 0.0004% (3.5% APR)14/10, 03:00: 0.0004% (3.5% APR)14/10, 04:00: 0.0004% (3.5% APR)14/10, 05:00: 0.0004% (3.5% APR)14/10, 06:00: 0.0004% (3.5% APR)14/10, 07:00: 0.0004% (3.5% APR)14/10, 08:00: 0.0004% (3.5% APR)14/10, 09:00: 0.0004% (3.5% APR)14/10, 10:00: 0.0004% (3.5% APR)14/10, 11:00: 0.0004% (3.5% APR)14/10, 12:00: 0.0004% (3.5% APR)14/10, 13:00: 0.0005% (4.4% APR)14/10, 14:00: 0.0004% (3.5% APR)14/10, 15:00: 0.0007% (6.1% APR)14/10, 16:00: 0.0005% (4.4% APR)14/10, 17:00: 0.0018% (15.8% APR)14/10, 18:00: 0.0007% (6.1% 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: 0.0004% (3.5% APR)15/10, 00:00: 0.0004% (3.5% APR)15/10, 01:00: 0.0004% (3.5% APR)15/10, 02:00: 0.0004% (3.5% APR)15/10, 03:00: 0.0004% (3.5% APR)15/10, 04:00: 0.0004% (3.5% APR)15/10, 05:00: 0.0004% (3.5% APR)15/10, 06:00: 0.0004% (3.5% APR)15/10, 07:00: 0.0004% (3.5% APR)15/10, 08:00: 0.0004% (3.5% APR)15/10, 09:00: 0.0004% (3.5% APR)15/10, 10:00: 0.0004% (3.5% APR)15/10, 11:00: 0.0004% (3.5% APR)15/10, 12:00: 0.0004% (3.5% APR)15/10, 13:00: 0.0004% (3.5% APR)15/10, 14:00: 0.0004% (3.5% APR)15/10, 15:00: 0.0004% (3.5% APR)15/10, 16:00: 0.0004% (3.5% APR)15/10, 17:00: 0.0004% (3.5% APR)15/10, 18:00: 0.0004% (3.5% APR)15/10, 19:00: 0.0004% (3.5% APR)15/10, 20:00: 0.0004% (3.5% APR)15/10, 21:00: 0.0004% (3.5% APR)15/10, 22:00: 0.0004% (3.5% APR)15/10, 23:00: 0.0004% (3.5% APR)16/10, 00:00: 0.0004% (3.5% APR)16/10, 01:00: 0.0004% (3.5% APR)16/10, 02:00: 0.0004% (3.5% APR)16/10, 03:00: 0.0004% (3.5% APR)16/10, 04:00: 0.0004% (3.5% APR)16/10, 05:00: 0.0004% (3.5% APR)16/10, 06:00: 0.0004% (3.5% 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: 0.0004% (3.5% APR)16/10, 16:00: 0.0004% (3.5% APR)16/10, 17:00: 0.0004% (3.5% APR)16/10, 18:00: 0.0004% (3.5% APR)16/10, 19:00: 0.0004% (3.5% 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: 0.0041% (35.9% APR)17/10, 00:00: 0.0022% (19.3% 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: 0.0054% (47.3% APR)17/10, 05:00: 0.0004% (3.5% APR)17/10, 06:00: 0.0004% (3.5% APR)17/10, 07:00: 0.0008% (7.0% APR)17/10, 08:00: 0.0044% (38.5% 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: -0.0013% (-11.4% APR)17/10, 14:00: 0.0004% (3.5% APR)17/10, 15:00: 0.0006% (5.3% APR)17/10, 16:00: -0.0041% (-35.9% APR)17/10, 17:00: -0.0080% (-70.1% APR)17/10, 18:00: 0.0004% (3.5% APR)17/10, 19:00: 0.0062% (54.3% APR)17/10, 20:00: 0.0018% (15.8% APR)17/10, 21:00: 0.0004% (3.5% APR)17/10, 22:00: -0.0149% (-130.5% APR)17/10, 23:00: 0.0030% (26.3% APR)18/10, 00:00: 0.0038% (33.3% APR)18/10, 01:00: 0.0085% (74.5% APR)18/10, 02:00: 0.0096% (84.1% APR)+174% APR−174%12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct
Longs pay shortsShorts pay longs

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

MSTR (xyz) funding comparison: questions and answers

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

Bybit: 72.9%, Binance: 26.5%, Hyperliquid: 5.5%, Lighter: 3.5% APR. A positive rate means longs pay shorts.

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

Short MSTR (xyz) on Bybit and go long the same size on Lighter: the price risk is hedged, and the difference of 69.4% 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 MSTR (xyz) funding averaged on Hyperliquid and Lighter?

Hyperliquid: 8.3% over 24 hours and 12.6% over 7 days. Lighter: 7.2% over 24 hours and 5.7% over 7 days (APR).