Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.017%
Price spread now: Lighter against Phemex−0.022%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.022%, 7d avg −0.050%
=Together, before fees−0.280%+ Points / potential airdropLighter: Season 3 · farm board−$28 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: Lighter is 0.028% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09206 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $2.1M | $2.2M | 50x |
| Short | Lighter HBAR | 0.09204 | 0.0096 | get 0.0012% / 1h | 35m 57s | $555K | $611K | 5x |
Phemex HBARUSDT
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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: −0.022% → −0.050%
- $2.79
- Slippage, 4 orders
- −$44.22
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$54.27
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Lighter: live order book, 4 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 Phemex live order book, 2 min ago | 2.71 bp | 18.8 bp −$19 | 32.7 bp −$327 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.17 bp | 13.7 bp −$14 | 64.5 bp −$645 | 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 | −0.0160% | 1h | 0.09211 | +0.054% | $33K | $203K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09215 | +0.098% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09209 | +0.033% | $507K | $192K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09205 | −0.011% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.826% | $1K | $103K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.0034% | 1h | 0.09194 | −0.130% | $149K | $708K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09198 | −0.087% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09215 | +0.098% | $220K | $2.3M | 50x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09204 | −0.022% | $555K | $611K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09219 | +0.140% | $8.6M | $3.6M | 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 | 0.09217 | +0.116% | $198K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09213 | +0.076% | $33.9M | $111.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09220 | +0.152% | $32.2M | $35.4M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09220 | +0.152% | $6.5M | $25.3M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09207 | +0.011% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09224 | +0.196% | $25.2M | $19.4M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09220 | +0.152% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09221 | +0.163% | $17.0M | $15.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09211 | +0.054% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09199 | −0.075% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09197 | −0.098% | $371K | $2.8M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09202 | −0.043% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09221 | +0.163% | $70K | $69K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09206 | long leg | $2.1M | $2.2M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09216 | +0.104% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09205 | −0.011% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0247% | 1h | 0.09207 | +0.012% | $1.3M | $3.0M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0616% / S −0.0663% | 1h | 0.09202 | −0.041% | $156K | — | 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-USDT
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]