A delta-neutral position would go long on Hyperliquid (+5.48%) and short on Lighter (+28.03%), collecting roughly 22.6% APR before fees, slippage and margin costs.
Funding is shown both as the venue quotes it and annualised, so venues on different settlement intervals line up.
| Venue | Market | Mark | Funding APR | Per hour | Next | Open interest | 24h vol | Max lev |
|---|---|---|---|---|---|---|---|---|
| xyz:SHEIN | $5.21 | +5.48% | +0.0006% | 1h | $848K 162.6K SHEIN | $262K | 10× | |
Sampled continuously and bucketed to four hours.
| SHEIN |
| $5.21 |
| +28.03% |
| +0.0032% |
| 1h |
| $46.2K 8.9K SHEIN |
| $720K |
| 5× |