Comparação de funding: Hyperliquid, Lighter, Binance e Bybit

163 mercados listados na Hyperliquid e na Lighter. Todas as taxas são convertidas para APR; a diferença é entre a taxa mais alta e a mais baixa.

Mercados nas duas DEX
163
Hyperliquid e Lighter
Maior diferença, APR
407.6%
SNDK (xyz): short na Hyperliquid, long na Binance
Diferença mediana, APR
20.1%
Mercados com $1M+ de volume diário nas duas DEX
BTC2.3%10.5%9.6%8.9%8.2%$3.39B / $162.48M
ETH4.7%4.4%4.8%-0.5%5.3%$2.48B / $75.83M
HYPE10.9%10.5%10.9%10.9%0.4%$1.57B / $14.99M
SOL10.9%-2.6%-2.0%10.9%13.6%$561.15M / $17.20M
ZEC10.9%10.5%6.5%10.9%4.5%$540.53M / $18.09M
SP500índice5.5%3.5%——2.0%$346.75M / $1.41M
NEAR-6.5%8.8%2.3%-5.8%15.3%$299.62M / $18.54M
GOLDcommodity5.5%3.5%0.0%39.9%39.9%$283.55M / $16.11M
XRP-3.6%-3.5%-4.4%-24.3%20.8%$223.77M / $2.62M
SKHYação300.8%277.7%-19.6%278.1%320.4%$189.18M / $1.07M
BRENTOILcommodity2.2%1.8%-3.9%—6.1%$184.61M / $2.16M
LIT10.9%-21.9%10.9%10.9%32.9%$130.82M / $33.65M
SILVERcommodity30.0%16.6%5.1%0.4%29.6%$159.89M / $4.31M
MUação251.8%215.5%-36.1%114.6%287.9%$157.92M / $1.90M
PUMP10.9%10.5%8.3%-10.5%21.5%$155.84M / $2.87M
CLcommodity-17.9%-3.5%-7.3%-7.2%14.4%$149.05M / $4.69M
SPCXação94.8%3.5%0.0%5.4%94.8%$125.83M / $3.23M
SNDKação289.2%247.0%-118.4%132.7%407.6%$125.19M / $3.77M
NVDAação23.0%11.4%0.0%0.0%23.0%$99.82M / $4.68M
GOOGLação9.6%3.5%0.0%0.0%9.6%$94.09M / $4.60M
DOGE10.9%10.5%-0.2%6.9%11.2%$94.46M / $732.9K
ENA10.9%-21.9%10.9%1.4%32.9%$89.64M / $2.92M
METAação14.6%3.5%0.0%0.0%14.6%$84.47M / $5.00M
DRAMação245.9%233.9%-13.0%202.5%258.9%$79.08M / $922.7K
CRCLação83.9%67.5%0.0%70.6%83.9%$76.07M / $1.43M
TSLAação65.1%42.0%0.0%1.3%65.1%$70.67M / $5.46M
ZRO10.9%10.5%10.9%10.9%0.4%$67.48M / $8.01M
XMR10.9%7.9%10.9%10.9%3.1%$70.64M / $2.41M
WLD10.9%2.6%-9.2%-5.2%20.1%$66.64M / $5.62M
UNI10.9%-15.8%-1.3%-9.7%26.7%$68.64M / $1.31M
INTCação171.2%154.2%0.0%140.6%171.2%$63.86M / $1.44M
VVV10.9%10.5%10.9%10.9%0.4%$62.41M / $1.46M
AAVE10.9%10.5%8.2%10.9%2.7%$59.38M / $4.35M
XPL10.9%10.5%10.9%10.9%0.4%$57.79M / $5.67M
LINK9.8%-1.8%8.7%4.9%11.5%$57.88M / $1.48M
SUI10.9%10.5%2.1%0.6%10.3%$57.50M / $1.13M
AAPLação-3.3%3.5%0.0%0.0%6.8%$49.54M / $4.39M
TAO10.9%-7.9%-11.6%-13.3%24.2%$49.68M / $606.8K
BNB0.8%10.5%3.2%4.2%9.7%$45.66M / $4.20M
MSTRação108.5%88.5%13.0%185.7%172.7%$46.51M / $2.64M
STRK10.9%10.5%10.9%10.9%0.4%$40.64M / $318.2K
NBISação264.7%237.4%-29.4%101.0%294.1%$36.16M / $865.1K
ADA-27.9%-6.1%-3.2%-15.1%24.7%$33.48M / $1.93M
ONDO-19.4%9.6%-4.4%8.9%29.0%$34.22M / $551.5K
FARTCOIN10.9%10.5%10.9%10.9%0.4%$34.37M / $345.2K
MON-25.2%10.5%-21.7%-35.0%45.5%$34.30M / $410.8K
SOXLação331.4%295.2%-31.7%224.2%363.1%$32.60M / $1.78M
AERO10.9%10.5%1.8%-14.1%25.1%$32.64M / $1.19M
CBRSação64.1%38.5%-94.3%0.0%158.4%$33.63M / $184.4K
GRASS10.9%10.5%10.9%10.9%0.4%$29.64M / $829.0K
GRAM-12.7%10.5%10.9%10.9%23.7%$27.36M / $1.97M
AMZNação5.5%3.5%0.0%0.0%5.5%$26.76M / $2.02M
CXMTação161.0%21.0%18.9%56.4%142.0%$27.79M / $50.5K
PONS10.9%-48.2%10.9%-8.4%59.1%$26.04M / $718.2K
LTC10.9%10.5%6.4%4.8%6.2%$25.44M / $978.5K
MSFTação-20.3%3.5%0.0%-10.9%23.8%$22.66M / $3.14M
kPEPE8.1%10.5%-30.7%-4.3%41.2%$24.43M / $380.9K
ASTER10.9%10.5%10.7%-5.2%16.2%$23.76M / $729.2K
PAXG8.3%10.5%-0.2%10.9%11.1%$22.54M / $1.78M
CASHCAT10.9%53.4%—10.9%42.5%$22.24M / $477.1K
AVAX-20.7%-21.0%-3.2%-24.7%21.5%$21.48M / $1.10M
CRWVação311.7%172.6%-80.7%135.5%392.3%$20.19M / $319.6K
HOODação77.7%60.4%0.0%33.4%77.7%$18.49M / $1.09M
CRV10.9%10.5%10.4%10.9%0.6%$18.59M / $351.0K
ORCLação11.8%3.5%0.0%0.0%11.8%$18.17M / $344.0K
ARB10.9%4.4%0.9%10.9%10.1%$17.43M / $606.3K
AMDação120.6%100.7%0.0%—120.6%$15.71M / $1.41M
UNITREEação44.0%3.5%0.0%0.0%44.0%$16.25M / $114.6K
ZHIPUação26.7%0.9%-48.9%0.0%75.6%$16.26M / $102.8K
COINação106.5%90.2%0.0%117.9%117.9%$14.89M / $667.9K
STRCação5.5%0.0%0.0%—5.5%$14.54M / $803.1K
HBAR10.9%10.5%3.9%1.8%9.1%$13.69M / $480.2K
TIA10.9%10.5%3.0%2.5%8.4%$13.12M / $452.3K
TRX10.9%10.5%9.3%-9.3%20.3%$13.14M / $273.9K
COPPERcommodity5.5%3.5%0.0%—5.5%$12.88M / $486.6K
PLTRação16.5%3.5%0.0%0.0%16.5%$12.69M / $357.0K
NATGAScommodity-8.9%3.5%0.0%—12.4%$11.45M / $1.25M
XLM1.0%10.5%-5.0%9.9%15.5%$12.47M / $147.2K
BABAação5.5%3.5%0.0%0.0%5.5%$11.93M / $334.9K
ETHFI10.9%10.5%10.9%-26.2%37.2%$11.13M / $906.1K
AVGOação62.2%3.5%-2.3%0.0%64.5%$11.57M / $0
DELLação64.7%7.9%-24.8%-68.5%133.3%$11.23M / $140.6K
FIL10.9%10.5%-3.0%-19.1%30.0%$11.21M / $69.9K
WLFI10.9%-40.3%10.9%10.9%51.2%$10.25M / $984.9K
LDO10.9%10.5%10.9%7.0%4.0%$10.07M / $877.0K
PENDLE10.9%10.5%1.1%10.9%9.9%$10.39M / $389.7K
PENGU-47.7%7.0%3.9%-11.0%54.7%$9.88M / $270.0K
JUP-4.7%10.5%-6.2%10.9%17.2%$9.59M / $506.0K
EWYação144.9%81.5%0.0%89.3%144.9%$9.94M / $130.7K
TRUMP10.9%10.5%1.5%10.9%9.5%$9.15M / $380.1K
TSMação33.4%3.5%0.0%41.2%41.2%$8.83M / $150.6K
USELESS10.9%10.5%10.9%10.9%0.4%$7.88M / $576.0K
BBação154.1%62.2%10.9%10.9%143.2%$8.25M / $184.2K
BCH10.9%10.5%-3.7%-1.3%14.6%$7.71M / $481.5K
MRVLação169.2%117.4%-16.2%42.1%185.4%$8.03M / $63.4K
CHIP-19.3%-54.3%-4.7%2.8%57.2%$7.88M / $146.6K
MEGA10.9%10.5%6.4%10.9%4.6%$7.89M / $112.3K
LITEação240.7%197.1%0.0%145.4%240.7%$7.61M / $308.9K
KORUação511.7%3.5%-72.5%338.7%584.2%$7.83M / $0
kBONK10.9%10.5%-3.2%10.9%14.2%$7.63M / $171.8K
KIOXIAação45.1%3.5%——41.6%$7.18M / $0
RKLBação151.7%76.2%-18.4%57.9%170.2%$7.02M / $102.9K
SYRUP10.9%10.5%10.9%10.9%0.4%$6.86M / $206.0K
VIRTUAL10.9%7.9%2.7%10.9%8.3%$6.47M / $469.7K
MORPHO10.9%10.5%-8.9%-37.2%48.1%$6.26M / $426.2K
APT6.1%-24.5%-2.2%10.9%35.5%$5.93M / $613.5K
ZK10.9%10.5%-6.8%10.9%17.7%$6.40M / $85.4K
CC-1.3%-82.3%-26.8%-19.2%81.0%$6.19M / $208.1K
POL10.9%10.5%-18.4%-17.9%29.3%$6.10M / $215.3K
DOT-6.0%0.9%-0.5%-46.1%47.0%$6.04M / $230.2K
SPX10.9%10.5%10.9%10.9%0.4%$5.57M / $171.3K
GMEação5.5%3.5%0.0%—5.5%$5.67M / $0
AAOIação484.0%142.8%-107.7%184.0%591.6%$5.29M / $0
MNT10.9%10.5%—10.9%0.4%$5.16M / $93.3K
WIF10.9%10.5%10.9%10.9%0.4%$5.05M / $72.6K
ARMação132.3%3.5%-78.3%0.0%210.6%$4.93M / $0
PLATINUMcommodity9.9%3.5%0.0%—9.9%$4.58M / $335.2K
OP10.9%10.5%-9.8%-3.8%20.8%$4.44M / $158.6K
PYTH10.9%-39.4%-1.1%-32.3%50.4%$4.30M / $125.4K
EIGEN10.9%10.5%2.8%-37.2%48.1%$3.75M / $502.7K
SEI10.9%10.5%0.1%10.9%10.9%$4.05M / $172.9K
ICP10.9%10.5%7.5%3.2%7.8%$3.94M / $202.7K
WDCação241.7%3.5%-19.7%56.4%261.4%$4.09M / $0
JTO10.9%10.5%3.9%-7.7%18.7%$3.89M / $152.3K
MET-47.6%3.5%-24.1%-35.5%51.1%$3.81M / $124.6K
SKY7.6%10.5%1.0%-23.3%33.8%$3.43M / $360.1K
BEação227.7%3.5%-87.2%44.5%314.9%$3.73M / $0
DASH10.9%10.5%7.7%10.9%3.2%$3.13M / $68.9K
PALLADIUMcommodity19.1%3.5%0.0%—19.1%$2.76M / $413.9K
ASMLação117.5%3.5%0.0%73.4%117.5%$3.11M / $43.5K
kSHIB-4.0%10.5%4.7%-1.3%14.5%$2.83M / $167.7K
MRNAação-115.2%-67.5%0.0%-84.6%115.2%$2.74M / $120.3K
LINEA10.9%10.5%-4.2%10.9%15.1%$2.70M / $104.8K
QCOMação85.7%3.5%0.0%0.0%85.7%$2.65M / $0
BMNRação211.3%3.5%-71.4%77.1%282.6%$2.08M / $510.3K
MINIMAXação52.3%3.5%0.0%41.4%52.3%$2.38M / $68.1K
BOTação182.0%3.5%-34.2%0.0%216.2%$2.38M / $31.6K
AZTEC10.9%10.5%10.9%10.9%0.4%$2.23M / $54.5K
0G10.9%10.5%10.9%10.9%0.4%$2.13M / $13.4K
POPCAT10.9%10.5%10.9%10.9%0.4%$1.97M / $40.2K
BERA-108.2%-18.4%-23.8%10.9%119.2%$1.94M / $54.5K
APEX10.9%10.5%—10.9%0.4%$1.89M / $47.1K
DYDX10.9%-15.8%7.6%10.9%26.7%$1.87M / $36.5K
KAITO10.9%10.5%10.9%10.9%0.4%$1.81M / $65.8K
IBMação9.1%3.5%0.0%-9.4%18.5%$1.59M / $196.7K
STBL19.4%10.5%10.9%10.9%8.8%$1.66M / $41.2K
NOWação5.5%3.5%0.0%0.0%5.5%$1.49M / $7.7K
GMX10.9%10.5%-0.7%-1.9%12.9%$1.36M / $77.3K
S0.6%10.5%-1.0%6.7%11.5%$1.25M / $117.5K
NOKação58.5%3.5%0.0%—58.5%$1.35M / $0
2Z-41.8%10.5%10.9%10.9%52.8%$1.13M / $20.9K
QNTação65.0%-2.6%-6.1%-16.4%81.4%$939.4K / $109.3K
STABLE10.9%10.5%10.9%10.9%0.4%$866.8K / $99.4K
ZORA10.9%10.5%-2.9%10.9%13.9%$918.4K / $13.6K
OURAação3.8%0.0%5.5%0.0%5.5%$791.8K / $92.6K
BIO10.9%10.5%10.9%10.9%0.4%$861.4K / $9.8K
SHEINação-16.0%3.5%—0.0%19.5%$834.4K / $7.0K
AVNT10.9%10.5%10.9%-16.5%27.4%$695.9K / $36.1K
AXS10.9%10.5%2.5%-15.1%26.1%$439.3K / $10.6K
SKR10.9%10.5%10.9%10.9%0.4%$410.8K / $7.0K
kFLOKI10.9%10.5%-5.4%10.9%16.4%$356.1K / $13.7K
GEVação22.9%3.5%0.0%0.0%22.9%$241.4K / $3.7K
PROVE10.9%10.5%6.2%10.9%4.7%$212.5K / $18.1K

Comparação de funding: perguntas e respostas

Por que o funding é diferente na Hyperliquid e na Lighter?

Cada exchange calcula o funding a partir do próprio prêmio — quanto o seu contrato se afasta do preço índice. Sem prêmio, a taxa base é de cerca de 11% ao ano na Hyperliquid e de 10,5% na Lighter; excesso de longs ou shorts numa exchange move a taxa dela independentemente da outra.

Como funciona a arbitragem de funding entre Hyperliquid e Lighter?

Abre-se um short na exchange com a taxa mais alta e um long do mesmo tamanho na de taxa mais baixa: o risco de preço se anula e você recebe a diferença de funding enquanto ela durar. Taxas de negociação, a diferença de preço entre exchanges e a mudança das taxas reduzem o lucro, e cada lado precisa de margem própria e pode ser liquidado.

Com que frequência o funding é pago em cada exchange?

Hyperliquid e Lighter pagam funding a cada hora; Binance e Bybit, a cada 4 ou 8 horas conforme o mercado. Para compará-las, a HyperScan converte cada taxa para uma hora e para APR.

Quais mercados têm agora a maior diferença de funding?

Entre os mercados com $1M+ de volume diário nas duas DEX: SNDK (xyz) — 407.6% APR (short na Hyperliquid, long na Binance); SOXL (xyz) — 363.1% APR (short na Hyperliquid, long na Binance); SKHY (xyz) — 320.4% APR (short na Hyperliquid, long na Binance). A tabela acima atualiza a cada minuto.