Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%
Price spread now: Lighter against GRVT+0.247%78s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 3 days (all we have)−0.352%−$35 · spread now +0.247%, 7d avg −0.011%
=Together, before fees−0.520%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$52 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 0.258% dearer against GRVT than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT HBAR_USDT_Perp | 0.09162 | 0.0100 | pay 0.0100% / 8h | 2h 02m | $373K | $2.1M | 10x |
| Short | Lighter HBAR | 0.09185 | 0.0096 | get 0.0012% / 1h | 2m 00s | $564K | $590K | 5x |
GRVT HBAR_USDT_Perp
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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: +0.247% → −0.011%
- $25.8
- Slippage, 4 orders
- −$40.36
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$24.4
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Lighter: live order book, 14 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 GRVT live order book, 2 min ago | 4.90 bp | 11.0 bp −$11 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0037% | 8h | 0.09185 | +0.247% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0017% | 8h | 0.09185 | +0.247% | $7.3M | $7.9M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09193 | +0.334% | $506K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09190 | +0.302% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0045% | 8h | 0.09171 | +0.095% | $1.0M | $197K | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0056% | 1h | 0.09188 | +0.279% | $31K | $103K | 15x | as long as short |
| MEXC HBAR_USDT | +0.0069% | 8h | 0.09183 | +0.225% | $24.2M | $22.9M | 200x | as long as short |
| Binance HBARUSDT | +0.0071% | 8h | 0.09183 | +0.220% | $34.5M | $110.6M | 75x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09182 | +0.212% | $51K | $220K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09160 | −0.026% | $223K | $2.2M | 50x | as long as short |
Gate HBAR_USDT
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Backpack HBAR_USDC_PERP
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09184 | +0.236% | $2K | $16K | 10x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09185 | +0.247% | $564K | $590K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09199 | +0.399% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09185 | +0.248% | $209K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09186 | +0.257% | $32.7M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09185 | +0.247% | $6.8M | $24.7M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09185 | +0.247% | $16.9M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09186 | +0.257% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0100% | 8h | 0.09162 | long leg | $373K | $2.1M | 10x | |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09169 | +0.072% | $147K | $710K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09184 | +0.236% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09195 | +0.356% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09186 | +0.257% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0189% | 8h | 0.09170 | +0.083% | $1.5M | $5.5M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09234 | +0.781% | $2K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09195 | +0.357% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09189 | +0.293% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3897% | 1h | 0.09184 | +0.232% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD