Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.012%
Price spread now: GRVT against Lighter−0.741%48s7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as 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−$420.422% of the position
Funding, last 7 days+0.186%+$19 on $10k
+Price spread, last 4 days (all we have)+0.822%+$82 · spread now −0.741%, 7d avg +0.068%
=Together, before fees+1.008%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$101 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: GRVT is 0.809% cheaper against Lighter than usual: you would sell low and buy high, −$81 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 48 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 | Lighter HBAR | 0.09215 | 0.0096 | pay 0.0012% / 1h | 20m 34s | $557K | $614K | 5x |
| Short | GRVT HBAR_USDT_Perp | 0.09147 | 0.0100 | get 0.0100% / 8h | 2h 20m | $369K | $2.9M | 10x |
Lighter HBAR
GRVT HBAR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter. 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: −0.741% → +0.068%
- −$80.92
- Slippage, 4 orders
- −$33.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$122.25
- Costs to cover
- 0.422%
- Break-even
- 1025.8 days
Slippage from Lighter: live order book, 20 min ago; GRVT: live order book, 3 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 Lighter live order book, 20 min ago | 2.17 bp | 5.3 bp −$5 | 63.7 bp −$637 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 1.64 bp | 15.0 bp −$15 | 33.0 bp −$330 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0348% | 1h | 0.09199 | −0.174% | $33K | $201K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09213 | −0.025% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09197 | −0.195% | $506K | $177K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09199 | −0.179% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.727% | $1K | $103K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.0038% | 1h | 0.09148 | −0.727% | $149K | $708K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09188 | −0.293% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09194 | −0.228% | $218K | $2.3M | 50x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09215 | long leg | $557K | $614K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09225 | +0.113% | $8.6M | $3.7M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09225 | +0.103% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09218 | +0.033% | $33.8M | $111.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09219 | +0.043% | $31.9M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09216 | +0.011% | $6.5M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09222 | +0.076% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09221 | +0.065% | $24.6M | $19.6M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09215 | 0.000% | $7.3M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09225 | +0.109% | $17.0M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09225 | +0.109% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09195 | −0.218% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perpshort | +0.0100% | 8h | 0.09147 | −0.741% | $369K | $2.9M | 10x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09192 | −0.250% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09212 | −0.033% | $70K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09193 | −0.239% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09214 | −0.006% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09188 | −0.293% | $1.4M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0247% | 1h | 0.09198 | −0.185% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0354% / S −0.0254% | 1h | 0.09197 | −0.195% | $81K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]