Funding you earn now, next payment 02:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.131%
Price spread now: Lighter against Kraken Futures−0.074%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$510.515% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.074%, 7d avg −0.126%
=Together, before fees−0.476%+ Points / potential airdropLighter: Season 3 · farm board−$48 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 0.053% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.126%. Mind the row above: over the last 7 days funding on this pair cost −0.427%, 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 | Kraken Futures PF_HBARUSD | 0.09243 | 0.0069 | pay 0.0009% / 1h | 21m 13s | $1.4M | $2.4M | 50x |
| Short | Lighter HBAR | 0.09236 | 0.0096 | get 0.0012% / 1h | 21m 13s | $562K | $596K | 5x |
Kraken Futures PF_HBARUSD
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $5.69
- Price spread: −0.074% → −0.126%
- $5.26
- Slippage, 4 orders
- −$41.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.51
- Costs to cover
- 0.515%
- Break-even
- 56.9 days
Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 39 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 Kraken Futures live order book, 2 min ago | 4.87 bp | 13.2 bp −$13 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 2.71 bp | 10.3 bp −$10 | 69.0 bp −$690 | doesn't fit | doesn't fit |
HBAR on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0064% | 8h | 0.09248 | +0.056% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09251 | +0.085% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09248 | +0.052% | $8K | — | 150x | as long as short |
| ApeX Omni HBARUSDT | +0.0010% | 1h | 0.09250 | +0.078% | $148K | $713K | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.424% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0054% | 8h | 0.09248 | +0.056% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09245 | +0.024% | $219K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0066% | 8h | 0.09236 | −0.074% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0069% | 1h | 0.09243 | long leg | $1.4M | $2.4M | 50x | |
| Extended HBAR-USD | +0.0072% | 1h | 0.09240 | −0.030% | $47K | $278K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
ApeX Omni HBARUSDT
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Extended HBAR-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0075% | 8h | 0.09235 | −0.084% | $26.1M | $22.0M | 200x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0075% | 8h | 0.09242 | −0.009% | $2K | $17K | 10x | as long as short |
| Binance HBARUSDT | +0.0076% | 8h | 0.09235 | −0.085% | $34.3M | $104.6M | 75x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09236 | −0.074% | $562K | $596K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09257 | +0.156% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09248 | +0.060% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09233 | −0.106% | $32.7M | $34.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09233 | −0.106% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09232 | −0.117% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09234 | −0.095% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09234 | −0.095% | $32K | $120K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09248 | +0.056% | $379K | $2.2M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09239 | −0.041% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09264 | +0.229% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09241 | −0.019% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0291% | 1h | 0.09250 | +0.078% | $509K | $151K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09246 | +0.039% | $115K | — | 100x | as long as short |
MEXC HBAR_USDT
Orderly PERP_HBAR_USDC
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
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]