Pricing

Hyperliquid vs Lighter: arbitrage spreads

Live arbitrage routes between Hyperliquid and Lighter, both ways: the spread at the best prices and the funding over 24 hours.

Widest spreads now

AssetRouteSpread (BBO)Funding 24h
GRAMHyperliquid perp→Lighter perp+0.182%+0.165%Open in scanner
HYPEHyperliquid perp→Lighter perp+0.140%-0.001%Open in scanner
MNTLighter perp→Hyperliquid perp+0.136%+0.001%Open in scanner
VVVLighter perp→Hyperliquid perp+0.086%+0.001%Open in scanner
NEARLighter perp→Hyperliquid perp+0.086%-0.044%Open in scanner
ZROHyperliquid perp→Lighter perp+0.085%-0.001%Open in scanner
TIALighter perp→Hyperliquid perp+0.084%+0.085%Open in scanner
APTLighter perp→Hyperliquid perp+0.077%+0.011%Open in scanner
GRASSHyperliquid perp→Lighter perp+0.073%-0.001%Open in scanner
SKRLighter perp→Hyperliquid perp+0.062%+0.001%Open in scanner
PENGULighter perp→Hyperliquid perp+0.053%+0.044%Open in scanner
SPXHyperliquid perp→Lighter perp+0.051%-0.001%Open in scanner
ADALighter perp→Hyperliquid perp+0.042%+0.044%Open in scanner
SUILighter perp→Hyperliquid perp+0.041%+0.030%Open in scanner
MONLighter perp→Hyperliquid perp+0.039%+0.001%Open in scanner
CCLighter perp→Hyperliquid perp+0.038%+0.068%Open in scanner
ARBLighter perp→Hyperliquid perp+0.032%+0.001%Open in scanner
ZECHyperliquid perp→Lighter perp+0.029%-0.001%Open in scanner
POLLighter perp→Hyperliquid perp+0.028%+0.001%Open in scanner
VIRTUALLighter perp→Hyperliquid perp+0.027%+0.001%Open in scanner

Spread (BBO): the best bid on one venue against the best ask on the other, before fees and without a position size — what your size actually gets is the scanner’s, through the order book.

Largest funding over 24 hours

AssetRouteSpread (BBO)Funding 24h
CASHCATLighter perp→Hyperliquid perp-0.125%+0.203%Open in scanner
GRAMHyperliquid perp→Lighter perp+0.182%+0.165%Open in scanner
BERAHyperliquid perp→Lighter perp-0.043%+0.142%Open in scanner
PONSLighter perp→Hyperliquid perp0.000%+0.133%Open in scanner
PYTHLighter perp→Hyperliquid perp+0.015%+0.112%Open in scanner
METHyperliquid perp→Lighter perp-0.012%+0.110%Open in scanner
TIALighter perp→Hyperliquid perp+0.084%+0.085%Open in scanner
BONKHyperliquid perp→Lighter perp-0.034%+0.082%Open in scanner
SHyperliquid perp→Lighter perp-0.086%+0.069%Open in scanner
CCLighter perp→Hyperliquid perp+0.038%+0.068%Open in scanner
SEIHyperliquid perp→Lighter perp-0.066%+0.066%Open in scanner
LDOHyperliquid perp→Lighter perp0.000%+0.052%Open in scanner
TRUMPHyperliquid perp→Lighter perp-0.047%+0.051%Open in scanner
PAXGLighter perp→Hyperliquid perp+0.022%+0.048%Open in scanner
FILHyperliquid perp→Lighter perp-0.109%+0.047%Open in scanner
PENGULighter perp→Hyperliquid perp+0.053%+0.044%Open in scanner
NEARHyperliquid perp→Lighter perp-0.095%+0.044%Open in scanner
ADALighter perp→Hyperliquid perp+0.042%+0.044%Open in scanner
ETHLighter perp→Hyperliquid perp+0.006%+0.033%Open in scanner
SOLLighter perp→Hyperliquid perp-0.001%+0.033%Open in scanner

See every pairing live

The scanner ranks every route by net spread through the order book, after both legs’ fees, with alerts to Telegram and a trade journal. The first week is free.

Open the scanner