Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.006%
Price spread now: Coinbase International against Lighter+0.161%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.161%, 7d avg +0.064%
=Together, before fees+0.033%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.097% dearer against Lighter than usual: you sell high and buy low (spread +0.161% now, against its 7-day average of +0.064%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.176%, 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 | 0.09302 | 0.0096 | pay 0.0012% / 1h | 16m 17s | $564K | $598K | 5x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09317 | 0.0064 | get 0.0008% / 1h | 16m 17s | $227K | $2.1M | 50x |
Lighter HBAR
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$6.72
- Price spread: +0.161% → +0.064%
- $9.7
- Slippage, 4 orders
- −$33.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$41
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 34 min ago; Coinbase International: live order book, 2 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, 34 min ago | 2.74 bp | 8.6 bp −$9 | 71.8 bp −$718 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 1.08 bp | 14.0 bp −$14 | 19.4 bp −$194 | 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 | 0.09308 | +0.068% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09313 | +0.114% | $9K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0025% | 8h | 0.09312 | +0.108% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.215% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0064% | 1h | 0.09317 | +0.161% | $227K | $2.1M | 50x | |
| Gate HBAR_USDT | +0.0070% | 8h | 0.09311 | +0.097% | $2.4M | $2.8M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0072% | 1h | 0.09315 | +0.140% | $513K | $179K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09308 | +0.065% | $2K | $14K | 10x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09302 | long leg | $564K | $598K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09327 | +0.266% | $8.8M | $2.7M | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09311 | +0.097% | $213K | $314K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09311 | +0.094% | $34.2M | $105.7M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09312 | +0.108% | $32.8M | $34.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09310 | +0.086% | $6.6M | $24.9M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09313 | +0.118% | $26.1M | $19.7M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09310 | +0.086% | $17.0M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09311 | +0.097% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09319 | +0.183% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09286 | −0.174% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09287 | −0.166% | $373K | $2.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09291 | −0.118% | $148K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09306 | +0.043% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09321 | +0.204% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09304 | +0.022% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09306 | +0.047% | $52K | $274K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09314 | +0.129% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0348% / S −0.0234% | 1h | 0.09312 | +0.110% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0389% | 1h | 0.09312 | +0.108% | $1.4M | $2.6M | 50x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
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
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD