Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h +0.020%
Price spread now: Deribit against Lighter+0.127%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.127%, 7d avg +0.119%
=Together, before fees+0.145%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.119%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09472 | 0.0096 | pay 0.0012% / 1h | 45m 32s | $572K | $610K | 5x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09484 | 0 | get 0.0000% / 1h | 45m 32s | $522K | $190K | 50x |
Lighter HBAR
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: +0.127% → +0.119%
- $0.79
- Slippage, 4 orders
- −$29.18
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$55.55
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 65 min ago; Deribit: live order book, 8 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, 65 min ago | 2.74 bp | 8.6 bp −$9 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 8 min ago | 5.29 bp | 8.8 bp −$9 | 15.8 bp −$158 | 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 | 0.09480 | +0.081% | $31K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09484 | +0.127% | $522K | $190K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09478 | +0.058% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.006% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0070% | 8h | 0.09475 | +0.032% | $7.5M | $7.4M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09473 | +0.011% | $3K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09475 | +0.032% | $230K | $2.3M | 50x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09472 | long leg | $572K | $610K | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09478 | +0.061% | $216K | $324K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09475 | +0.032% | $35.1M | $108.7M | 75x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09474 | +0.021% | $33.5M | $34.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09476 | +0.042% | $6.7M | $25.8M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09473 | +0.011% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09469 | −0.032% | $26.3M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09476 | +0.042% | $17.4M | $15.2M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09472 | 0.000% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09479 | +0.074% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09472 | −0.002% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09443 | −0.308% | $384K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09477 | +0.053% | $153K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09477 | +0.053% | $440 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09498 | +0.274% | $72K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09478 | +0.063% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09465 | −0.069% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09470 | −0.021% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0235% | 1h | 0.09479 | +0.073% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0354% | 1h | 0.09482 | +0.102% | $1.4M | $2.9M | 50x | as long as short |
| Hyperliquid HBAR | +0.0722% | 1h | 0.09494 | +0.236% | $9.6M | $3.2M | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Hyperliquid HBAR