Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.014%
Price spread now: Lighter against Coinbase International+0.011%7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.011%, 7d avg −0.072%
=Together, before fees−0.232%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.082% dearer against Coinbase International than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.072%. Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09228 | 0.0064 | pay 0.0008% / 1h | 10m 06s | $223K | $2.2M | 50x |
| Short | Lighter HBAR | 0.09229 | 0.0096 | get 0.0012% / 1h | 10m 06s | $566K | $591K | 5x |
Coinbase International HBAR-PERP-INTX
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $6.72
- Price spread: +0.011% → −0.072%
- $8.24
- Slippage, 4 orders
- −$34.72
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.76
- Costs to cover
- 0.447%
- Break-even
- 38.0 days
Slippage from Coinbase International: live order book, 4 min ago; Lighter: live order book, 65 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 Coinbase International live order book, 4 min ago | 2.71 bp | 13.5 bp −$14 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 65 min ago | 2.71 bp | 11.7 bp −$12 | 67.5 bp −$675 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | +0.423% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0024% | 8h | 0.09228 | 0.000% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0001% | 8h | 0.09229 | +0.011% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09232 | +0.046% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09232 | +0.043% | $508K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0013% | 1h | 0.09229 | +0.013% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0064% | 1h | 0.09228 | long leg | $223K | $2.2M | 50x | |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09223 | −0.054% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0088% | 8h | 0.09234 | +0.068% | $1.0M | $198K | — | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09229 | +0.011% | $566K | $591K | 5x |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0096% | 1h | 0.09223 | −0.054% | $51K | $218K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0098% | 8h | 0.09227 | −0.011% | $25.7M | $22.8M | 200x | as long as short |
| Binance HBARUSDT | +0.0098% | 8h | 0.09229 | +0.013% | $34.6M | $110.5M | 75x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09245 | +0.181% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09228 | +0.001% | $210K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09227 | −0.011% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09228 | 0.000% | $6.8M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09231 | +0.033% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09229 | +0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09233 | +0.054% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09234 | +0.068% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09233 | +0.054% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09225 | −0.033% | $428 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09243 | +0.163% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09227 | −0.011% | $2.2M | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0194% | 1h | 0.09231 | +0.038% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0218% | 8h | 0.09230 | +0.022% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0447% / S −0.0339% | 1h | 0.09228 | −0.004% | $116K | — | 100x | as long as short |
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]