Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.017%
Price spread now: Lighter against Bybit−0.119%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.119%, 7d avg −0.025%
=Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 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 0.094% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HBARUSDT | 0.09246 | 0.0100 | pay 0.0100% / 8h | 6h 19m | $32.8M | $34.6M | 75x |
| Short | Lighter HBAR | 0.09235 | 0.0096 | get 0.0012% / 1h | 19m 08s | $562K | $596K | 5x |
Bybit HBARUSDT
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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: −0.119% → −0.025%
- −$9.43
- Slippage, 4 orders
- −$36.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$57.37
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 41 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 Bybit live order book, 5 min ago | 0.54 bp | 11.3 bp −$11 | 20.0 bp −$200 | 67.3 bp −$6,735 | doesn't fit |
| Sell Lighter live order book, 41 min ago | 2.71 bp | 10.3 bp −$10 | 69.0 bp −$690 | doesn't fit | doesn't fit |
HBAR on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0066% | 8h | 0.09240 | −0.065% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09235 | −0.123% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09237 | −0.099% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.389% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0035% | 8h | 0.09240 | −0.065% | $2.4M | $3.0M | 75x | as long as short |
| ApeX Omni HBARUSDT | +0.0036% | 1h | 0.09243 | −0.032% | $147K | $714K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09219 | −0.292% | $218K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0066% | 8h | 0.09240 | −0.067% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09241 | −0.050% | $1.4M | $2.4M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09235 | −0.114% | $47K | $278K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
ApeX Omni HBARUSDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Kraken Futures PF_HBARUSD
Extended HBAR-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0075% | 8h | 0.09237 | −0.097% | $26.1M | $22.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0075% | 8h | 0.09249 | +0.032% | $34.3M | $104.6M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09233 | −0.141% | $2K | $17K | 10x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09235 | −0.119% | $562K | $596K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09255 | +0.092% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09235 | −0.114% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09246 | long leg | $32.8M | $34.6M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09248 | +0.022% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09246 | 0.000% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09243 | −0.032% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09245 | −0.011% | $32K | $120K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09248 | +0.022% | $379K | $2.2M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09237 | −0.097% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09256 | +0.108% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09235 | −0.119% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0291% | 1h | 0.09244 | −0.022% | $509K | $151K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09236 | −0.114% | $114K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]