Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.013%
Price spread now: Lighter against Phemex+0.011%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.011%, 7d avg −0.050%
=Together, before fees−0.308%+ Points / potential airdropLighter: Season 3 · farm board−$31 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: Lighter is 0.061% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HBARUSDT | 0.09485 | 0.0100 | pay 0.0100% / 8h | 5m 06s | $2.3M | $2.6M | 50x |
| Short | Lighter HBAR | 0.09486 | 0.0096 | get 0.0012% / 1h | 5m 06s | $570K | $601K | 5x |
Phemex HBARUSDT
Lighter HBARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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: +0.011% → −0.050%
- $6.09
- Slippage, 4 orders
- −$57.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.38
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Lighter: live order book, 25 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 Phemex live order book, 3 min ago | 5.79 bp | 22.8 bp −$23 | 38.4 bp −$384 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 25 min ago | 6.40 bp | 12.2 bp −$12 | 62.2 bp −$622 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HBARUSD | −0.0143% | 1h | 0.09496 | +0.119% | $1.3M | $3.0M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09493 | +0.084% | $523K | $178K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09489 | +0.041% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.140% | $1K | $103K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09494 | +0.095% | $221K | $2.6M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09486 | +0.011% | $2K | $12K | 10x | as long as short |
| Lighter HBARshort | +0.0096% | 1h | 0.09486 | +0.011% | $570K | $601K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09499 | +0.147% | $8.8M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09489 | +0.044% | $204K | $323K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09484 | −0.013% | $35.4M | $113.1M | 75x | as long as short |
Kraken Futures PF_HBARUSD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Hyperliquid HBAR
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 | 0.09486 | +0.011% | $32.8M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09483 | −0.021% | $6.7M | $25.8M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09487 | +0.021% | $2.5M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09486 | +0.011% | $26.3M | $20.3M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09490 | +0.053% | $7.6M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09485 | 0.000% | $17.3M | $16.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09486 | +0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09489 | +0.042% | $40K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09492 | +0.076% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09476 | −0.096% | $384K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09480 | −0.053% | $154K | $700K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09487 | +0.021% | $440 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09500 | +0.158% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDTlong | +0.0100% | 8h | 0.09485 | long leg | $2.3M | $2.6M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09484 | −0.005% | $49K | $308K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09487 | +0.021% | $1.5M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0265% | 1h | 0.09488 | +0.031% | $86K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1765% | 1h | 0.09487 | +0.020% | $31K | $11K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD