Funding you earn now, next payment 05:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h −0.023%
Price spread now: Lighter against Deribit−0.064%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.064%, 7d avg −0.119%
=Together, before fees−0.211%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.055% dearer against Deribit than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.119%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09425 | 0.0175 | pay 0.0022% / 1h | 57m 03s | $519K | $186K | 50x |
| Short | Lighter HBAR | 0.09419 | 0.0096 | get 0.0012% / 1h | 57m 03s | $569K | $599K | 5x |
Deribit HBAR_USDC-PERPETUAL
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- −$16.59
- Price spread: −0.064% → −0.119%
- $5.49
- Slippage, 4 orders
- −$28.36
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$46.46
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 62 min ago; Lighter: live order book, 53 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 Deribit live order book, 62 min ago | 4.88 bp | 8.4 bp −$8 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 min ago | 2.74 bp | 10.0 bp −$10 | 56.6 bp −$566 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09429 | +0.038% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09415 | −0.102% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.517% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0051% | 8h | 0.09428 | +0.032% | $7.2M | $7.3M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09419 | −0.064% | $234K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09411 | −0.149% | $2K | $14K | 10x | as long as short |
| Gate HBAR_USDT | +0.0090% | 8h | 0.09418 | −0.074% | $2.4M | $2.7M | 75x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09419 | −0.064% | $569K | $599K | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09418 | −0.071% | $215K | $328K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09425 | +0.004% | $34.9M | $107.9M | 75x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Gate HBAR_USDT
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09427 | +0.021% | $33.3M | $34.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09427 | +0.021% | $6.7M | $25.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09427 | +0.021% | $26.3M | $19.4M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09429 | +0.042% | $17.2M | $15.2M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09424 | −0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09422 | −0.032% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09412 | −0.139% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09399 | −0.275% | $383K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09400 | −0.265% | $152K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09419 | −0.064% | $437 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09420 | −0.053% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09421 | −0.042% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09422 | −0.027% | $50K | $277K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0175% | 1h | 0.09425 | long leg | $519K | $186K | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09422 | −0.032% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0350% / S −0.0243% | 1h | 0.09416 | −0.099% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0356% | 1h | 0.09426 | +0.015% | $1.3M | $2.8M | 50x | as long as short |
| Hyperliquid HBAR | +0.0663% | 1h | 0.09441 | +0.173% | $9.5M | $3.2M | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Hyperliquid HBAR