Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.042%
Price spread now: Hyperliquid against Lighter+0.005%7-day average +0.151% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.257%+$26 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now +0.005%, 7d avg +0.151%
=Together, before fees+0.390%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$39 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: Hyperliquid is 0.146% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.151%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09207 | 0.0096 | pay 0.0012% / 1h | 3m 04s | $560K | $596K | 5x |
| Short | Hyperliquid HBAR | 0.09208 | 0.0100 | get 0.0013% / 1h | 3m 04s | $8.8M | $2.6M | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.005% → +0.151%
- −$14.6
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$22.76
- Costs to cover
- 0.090%
- Break-even
- 196.7 days
Slippage unknown: Lighter: live order book, 57 min ago; Hyperliquid: live order book, 9 min ago. Net counts fees only.
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, 57 min ago | 2.71 bp | 17.0 bp −$17 | 78.6 bp −$786 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.54 bp | 11.2 bp −$11 | doesn't fit | 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 | −0.0054% | 8h | 0.09206 | −0.011% | $7.1M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09231 | +0.262% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09212 | +0.054% | $507K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09209 | +0.019% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.815% | $1K | $106K | 12x | as long as short |
| Variational Omni HBAR | +0.0063% | 8h | 0.09230 | +0.249% | $1.0M | $187K | — | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09214 | +0.076% | $223K | $2.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0067% | 8h | 0.09203 | −0.043% | $2.4M | $3.0M | 75x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09214 | +0.075% | $1.4M | $2.5M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09209 | +0.022% | $2K | $17K | 10x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0080% | 1h | 0.09205 | −0.017% | $47K | $273K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0081% | 8h | 0.09205 | −0.022% | $25.9M | $22.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0083% | 8h | 0.09197 | −0.109% | $34.1M | $104.3M | 75x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09207 | long leg | $560K | $596K | 5x | |
| ApeX Omni HBARUSDT | +0.0099% | 1h | 0.09229 | +0.239% | $147K | $712K | 50x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09208 | +0.005% | $8.8M | $2.6M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09208 | +0.014% | $210K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09198 | −0.098% | $32.6M | $34.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09199 | −0.087% | $6.7M | $24.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09199 | −0.087% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09200 | −0.076% | — | $6.1M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09199 | −0.087% | $32K | $120K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09213 | +0.065% | $371K | $2.3M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09210 | +0.033% | $428 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09228 | +0.228% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09207 | 0.000% | $2.1M | $2.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0462% | 1h | 0.09205 | −0.017% | $120K | — | 100x | as long as short |
Lighter HBAR
Hyperliquid HBAR
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Variational Omni HBAR
Coinbase International HBAR-PERP-INTX
Gate HBAR_USDT
Kraken Futures PF_HBARUSD
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
ApeX Omni HBARUSDT
Aster HBARUSDT
Bybit 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
GMX HBAR/USD [WBTC.b-USDC]