Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.013%
Price spread now: Orderly against Lighter−0.159%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.159% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09426 | 0.0096 | pay 0.0012% / 1h | 56m 39s | $569K | $599K | 5x |
| Short | Orderly PERP_HBAR_USDC | 0.09411 | 0.0080 | get 0.0080% / 8h | 3h 56m | $2K | $14K | 10x |
Lighter HBAR
Orderly PERP_HBAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$3.28
- Price spread: −0.159% → 0.000%
- −$15.91
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$25.19
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 54 min ago; Orderly: no order-book sample. Net counts fees only.
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, 54 min ago | 2.74 bp | 8.6 bp −$9 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.09434 | +0.085% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09415 | −0.113% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.528% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0054% | 8h | 0.09433 | +0.074% | $7.2M | $7.3M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09419 | −0.074% | $234K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDCshort | +0.0080% | 8h | 0.09411 | −0.159% | $2K | $14K | 10x | |
| Lighter HBARlong | +0.0096% | 1h | 0.09426 | long leg | $569K | $599K | 5x | |
| Gate HBAR_USDT | +0.0097% | 8h | 0.09430 | +0.042% | $2.4M | $2.7M | 75x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09434 | +0.080% | $215K | $328K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09428 | +0.021% | $35.0M | $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
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 | 0.09430 | +0.042% | $33.3M | $34.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09432 | +0.064% | $6.7M | $25.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09429 | +0.032% | $26.3M | $19.4M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09431 | +0.053% | $17.2M | $15.2M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09431 | +0.053% | — | $6.4M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09422 | −0.042% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09412 | −0.150% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09399 | −0.285% | $383K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09400 | −0.276% | $152K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09419 | −0.074% | $437 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09420 | −0.064% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09421 | −0.053% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09430 | +0.046% | $50K | $277K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0175% | 1h | 0.09425 | −0.011% | $519K | $186K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09422 | −0.042% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0350% / S −0.0243% | 1h | 0.09416 | −0.109% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0356% | 1h | 0.09426 | +0.004% | $1.3M | $2.8M | 50x | as long as short |
| Hyperliquid HBAR | +0.0645% | 1h | 0.09448 | +0.238% | $9.5M | $3.2M | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
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
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Hyperliquid HBAR