Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.027%
Price spread now: Lighter against Backpack−0.119%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.119%, 7d avg −0.068%
=Together, before fees+0.157%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.051% cheaper against Backpack than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack HBAR_USDC_PERP | 0.09230 | 0.0100 | pay 0.0013% / 1h | 54m 01s | $38K | $117K | 15x |
| Short | Lighter HBAR | 0.09219 | 0.0096 | get 0.0012% / 1h | 54m 01s | $559K | $582K | 5x |
Backpack HBAR_USDC_PERP
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.119% → −0.068%
- −$5.15
- Slippage, 4 orders
- −$33.85
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.84
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 14 min ago; Lighter: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 14 min ago | 1.07 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.71 bp | 10.3 bp −$10 | 69.0 bp −$690 | doesn't fit | doesn't fit |
HBAR on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.1501% | 1h | 0.09224 | −0.065% | $147K | $724K | 50x | as long as short |
| KuCoin HBARUSDTM | −0.0074% | 8h | 0.09229 | −0.011% | $7.3M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09202 | −0.301% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09214 | −0.173% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09182 | −0.520% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0046% | 8h | 0.09226 | −0.043% | $2.4M | $3.0M | 75x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0061% | 8h | 0.09216 | −0.147% | $379K | $2.2M | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09210 | −0.217% | $224K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09231 | +0.007% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0069% | 8h | 0.09196 | −0.368% | $1.0M | $186K | — | as long as short |
ApeX Omni HBARUSDT
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
GRVT HBAR_USDT_Perp
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0070% | 8h | 0.09227 | −0.033% | $34.5M | $104.5M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09228 | −0.021% | $47K | $281K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09232 | +0.022% | $26.4M | $21.7M | 200x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0075% | 8h | 0.09218 | −0.130% | $2K | $17K | 10x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09219 | −0.119% | $559K | $582K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09237 | +0.073% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09227 | −0.036% | $210K | $346K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09232 | +0.022% | $32.8M | $35.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09232 | +0.022% | $6.8M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09235 | +0.054% | $17.1M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09227 | −0.033% | — | $6.3M | — | as long as short |
| Backpack HBAR_USDC_PERPlong | +0.0100% | 1h | 0.09230 | long leg | $38K | $117K | 15x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09224 | −0.065% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09227 | −0.033% | $73K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09222 | −0.087% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0192% | 8h | 0.09194 | −0.390% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0493% / S −0.0562% | 1h | 0.09213 | −0.187% | $116K | — | 100x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0834% | 1h | 0.09235 | +0.054% | $508K | $154K | 50x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
MEXC HBAR_USDT
Orderly PERP_HBAR_USDC
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Deribit HBAR_USDC-PERPETUAL