Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.010%
Price spread now: MEXC against Lighter−0.054%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.054%, 7d avg +0.044%
=Together, before fees+0.313%+ Points / potential airdropLighter: Season 3 · farm board+$31 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: MEXC is 0.098% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09295 | 0.0096 | pay 0.0012% / 1h | 28m 46s | $570K | $591K | 5x |
| Short | MEXC HBAR_USDT | 0.09290 | 0.0093 | get 0.0093% / 8h | 1h 28m | $26.0M | $22.6M | 200x |
Lighter HBAR
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.63
- Price spread: −0.054% → +0.044%
- −$9.81
- Slippage, 4 orders
- −$24.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$34.45
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 47 min ago; MEXC: live order book, 5 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, 47 min ago | 2.71 bp | 7.5 bp −$8 | 52.9 bp −$529 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.54 bp | 3.0 bp −$3 | 9.8 bp −$98 | 34.3 bp −$3,427 | 111.6 bp −$55.8K |
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 | −0.301% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0017% | 8h | 0.09288 | −0.075% | $7.4M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0012% | 8h | 0.09291 | −0.043% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09293 | −0.024% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09289 | −0.061% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09284 | −0.118% | $223K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0072% | 8h | 0.09264 | −0.330% | $1.0M | $197K | — | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0073% | 1h | 0.09295 | 0.000% | $512K | $151K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09284 | −0.118% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDTshort | +0.0093% | 8h | 0.09290 | −0.054% | $26.0M | $22.6M | 200x |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0094% | 8h | 0.09293 | −0.022% | $34.9M | $110.6M | 75x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09295 | long leg | $570K | $591K | 5x | |
| Extended HBAR-USD | +0.0096% | 1h | 0.09289 | −0.062% | $51K | $218K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09306 | +0.124% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09294 | −0.015% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09296 | +0.011% | $33.1M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09292 | −0.032% | $6.8M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09296 | +0.011% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09293 | −0.022% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09295 | 0.000% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09259 | −0.388% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09286 | −0.097% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09289 | −0.065% | $431 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09294 | −0.011% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09291 | −0.043% | $2.2M | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09297 | +0.021% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0214% | 8h | 0.09290 | −0.054% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09290 | −0.059% | $104K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
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]