Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%
Price spread now: Phemex against Lighter+0.032%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.032%, 7d avg +0.051%
=Together, before fees+0.255%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09246 | 0.0096 | pay 0.0012% / 1h | 2m 16s | $558K | $619K | 5x |
| Short | Phemex HBARUSDT | 0.09249 | 0.0100 | get 0.0100% / 8h | 3h 02m | $2.1M | $2.2M | 50x |
Lighter HBAR
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.032% → +0.051%
- −$1.83
- Slippage, 4 orders
- −$50.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$63.3
- Costs to cover
- 0.623%
- Break-even
- 534.5 days
Slippage from Lighter: live order book, 43 min ago; Phemex: live order book, 1 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, 43 min ago | 3.69 bp | 13.6 bp −$14 | 81.8 bp −$818 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.70 bp | 19.6 bp −$20 | 39.1 bp −$391 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09256 | +0.106% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09248 | +0.021% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.389% | $1K | $105K | 12x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0074% | 1h | 0.09252 | +0.065% | $510K | $192K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09245 | −0.011% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09249 | +0.032% | $220K | $2.4M | 50x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09246 | long leg | $558K | $619K | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09251 | +0.050% | $199K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09243 | −0.032% | $34.1M | $111.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09245 | −0.011% | $32.4M | $35.6M | 75x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09247 | +0.011% | $6.5M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09244 | −0.022% | $2.4M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09247 | +0.011% | $25.6M | $19.9M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09246 | 0.000% | $7.4M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09245 | −0.011% | $16.9M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09247 | +0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09256 | +0.108% | $33K | $202K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09293 | +0.507% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09276 | +0.324% | $380K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09272 | +0.281% | $150K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09243 | −0.032% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09263 | +0.184% | $70K | $68K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09249 | +0.032% | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09241 | −0.050% | $47K | $231K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09256 | +0.108% | $1.5M | $5.5M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0363% | 1h | 0.09249 | +0.031% | $1.3M | $3.0M | 50x | as long as short |
| Hyperliquid HBAR | +0.0527% | 1h | 0.09262 | +0.175% | $8.7M | $3.7M | 5x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0617% / S −0.0663% | 1h | 0.09249 | +0.028% | $157K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
Hyperliquid HBAR
GMX HBAR/USD [WBTC.b-USDC]