Settings8H · net · $10k
Funding arb · Price arb /

HBAR

all HBAR markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HBAR0.092070.0096pay 0.0012% / 1h3m 04s$560K$596K5x
ShortHyperliquid HBAR0.092080.0100get 0.0013% / 1h3m 04s$8.8M$2.6M5x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 57 min ago2.71 bp17.0 bp −$1778.6 bp −$786doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.54 bp11.2 bp −$11doesn't fitdoesn't fitdoesn't fit

HBAR on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HBARUSDTM−0.0054%8h0.09206−0.011%$7.1M$7.3M75xas long as short
dYdX HBAR-USD0.0000%1h0.09231+0.262%$30K$4K5xas long as short
Deribit HBAR_USDC-PERPETUAL0.0000%1h0.09212+0.054%$507K$151K50xas long as short
gTrade (Gains Network) HBAR/USDL +0.0007% / S −0.0014%1h0.09209+0.019%$8K150xas long as short
Injective HBAR/USDC PERP+0.0033%1h0.09282+0.815%$1K$106K12xas long as short
Variational Omni HBAR+0.0063%8h0.09230+0.249%$1.0M$187Kas long as short
Coinbase International HBAR-PERP-INTX+0.0064%1h0.09214+0.076%$223K$2.1M50xas long as short
Gate HBAR_USDT+0.0067%8h0.09203−0.043%$2.4M$3.0M75xas long as short
Kraken Futures PF_HBARUSD+0.0069%1h0.09214+0.075%$1.4M$2.5M50xas long as short
Orderly PERP_HBAR_USDC+0.0078%8h0.09209+0.022%$2K$17K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended HBAR-USD+0.0080%1h0.09205−0.017%$47K$273K10xas long as short
MEXC HBAR_USDT+0.0081%8h0.09205−0.022%$25.9M$22.0M200xas long as short
Binance HBARUSDT+0.0083%8h0.09197−0.109%$34.1M$104.3M75xas long as short
Lighter HBARlong+0.0096%1h0.09207long leg$560K$596K5x
ApeX Omni HBARUSDT+0.0099%1h0.09229+0.239%$147K$712K50xas long as short
Hyperliquid HBARshort+0.0100%1h0.09208+0.005%$8.8M$2.6M5x
Aster HBARUSDT+0.0100%8h0.09208+0.014%$210K$322K50xas long as short
Bybit HBARUSDT+0.0100%8h0.09198−0.098%$32.6M$34.1M75xas long as short
OKX HBAR-USDT-SWAP+0.0100%8h0.09199−0.087%$6.7M$24.2M50xas long as short
Bitget HBARUSDT+0.0100%8h0.09199−0.087%$17.0M$14.8M75xas long as short
BingX HBAR-USDT+0.0100%8h0.09200−0.076%$6.1Mas long as short
Backpack HBAR_USDC_PERP+0.0100%1h0.09199−0.087%$32K$120K15xas long as short
GRVT HBAR_USDT_Perp+0.0100%8h0.09213+0.065%$371K$2.3M10xas long as short
SoDEX HBAR-USD+0.0100%1h0.09210+0.033%$428$5K5xas long as short
HTX HBAR-USDT+0.0100%8h0.09228+0.228%$70K$66K20xas long as short
Phemex HBARUSDT+0.0100%8h0.092070.000%$2.1M$2.1M50xas long as short
GMX HBAR/USD [WBTC.b-USDC]L +0.0487% / S −0.0462%1h0.09205−0.017%$120K100xas long as short