Funding you earn now, next payment 02:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter against Deribit−0.022%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now −0.022%, 7d avg −0.118%
=Together, before fees−0.261%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.097% dearer against Deribit than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.118%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09234 | 0.0183 | pay 0.0023% / 1h | 19m 28s | $508K | $151K | 50x |
| Short | Lighter HBAR | 0.09232 | 0.0096 | get 0.0012% / 1h | 19m 28s | $561K | $596K | 5x |
Deribit HBAR_USDC-PERPETUAL
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- −$18.27
- Price spread: −0.022% → −0.118%
- $9.67
- Slippage, 4 orders
- −$36.87
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$52.47
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 49 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 Deribit live order book, 49 min ago | 4.28 bp | 8.8 bp −$9 | 15.1 bp −$151 | doesn't fit | 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 | 0.09228 | −0.065% | $7.2M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09235 | +0.007% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09237 | +0.031% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.520% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0035% | 8h | 0.09229 | −0.054% | $2.4M | $3.0M | 75x | as long as short |
| ApeX Omni HBARUSDT | +0.0036% | 1h | 0.09243 | +0.097% | $147K | $714K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09219 | −0.162% | $218K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0066% | 8h | 0.09240 | +0.063% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09230 | −0.041% | $1.4M | $2.4M | 50x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09227 | −0.080% | $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 | 0.09233 | −0.011% | $26.1M | $22.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0075% | 8h | 0.09234 | 0.000% | $34.3M | $104.6M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09233 | −0.011% | $2K | $17K | 10x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09232 | −0.022% | $561K | $596K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09244 | +0.110% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09228 | −0.068% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09234 | 0.000% | $32.7M | $34.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09235 | +0.011% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09236 | +0.022% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09233 | −0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09236 | +0.022% | $32K | $119K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09248 | +0.152% | $379K | $2.2M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09226 | −0.087% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09237 | +0.032% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09227 | −0.076% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0183% | 1h | 0.09234 | long leg | $508K | $151K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09228 | −0.061% | $114K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]