Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.027%
Price spread now: Bybit against Lighter+0.032%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.032%, 7d avg +0.028%
=Together, before fees+0.169%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09261 | 0.0096 | pay 0.0012% / 1h | 6m 31s | $568K | $591K | 5x |
| Short | Bybit HBARUSDT | 0.09264 | 0.0100 | get 0.0100% / 8h | 1h 06m | $33.0M | $37.0M | 75x |
Lighter HBAR
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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% → +0.028%
- $0.42
- Slippage, 4 orders
- −$27.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$37.09
- Costs to cover
- 0.384%
- Break-even
- 316.1 days
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 7 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, 4 min ago | 2.71 bp | 10.6 bp −$11 | 65.2 bp −$652 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 0.54 bp | 10.2 bp −$10 | 18.1 bp −$181 | 69.2 bp −$6,916 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | +0.065% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0026% | 8h | 0.09261 | 0.000% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09260 | −0.007% | $30K | $4K | 5x | as long as short |
| Gate HBAR_USDT | +0.0002% | 8h | 0.09262 | +0.011% | $2.4M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0013% | 1h | 0.09252 | −0.096% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09249 | −0.130% | $223K | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0074% | 1h | 0.09258 | −0.032% | $510K | $166K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09248 | −0.140% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0088% | 8h | 0.09234 | −0.289% | $1.0M | $198K | — | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09261 | long leg | $568K | $591K | 5x |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
dYdX HBAR-USD
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09278 | +0.186% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09263 | +0.022% | $211K | $429K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09267 | +0.065% | $34.7M | $110.5M | 75x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09264 | +0.032% | $33.0M | $37.0M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09266 | +0.054% | $6.8M | $25.2M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09263 | +0.022% | $25.5M | $22.8M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09269 | +0.086% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09262 | +0.011% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09254 | −0.076% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09241 | −0.212% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09248 | −0.140% | $148K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09249 | −0.130% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09262 | +0.011% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09250 | −0.119% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09262 | +0.016% | $51K | $218K | 10x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0194% | 1h | 0.09258 | −0.033% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09248 | −0.140% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0339% | 1h | 0.09252 | −0.093% | $116K | — | 100x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]