A delta-neutral position would go long on Lighter (+28.03%) and short on Hyperliquid (+64.05%), collecting roughly 36.0% 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 | $4.56 | +64.05% | +0.0073% | 1h | $650K 142.5K SHEIN | $583K | 10× | |
Sampled continuously and bucketed to four hours.
| SHEIN |
| $4.56 |
| +28.03% |
| +0.0032% |
| 1h |
| $52.0K 11.4K SHEIN |
| $663K |
| 5× |