Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.013%
Price spread now: Deribit against Lighter+0.042%7-day average +0.117% · 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−$50as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.042%, 7d avg +0.117%
=Together, before fees+0.256%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.075% cheaper against Lighter than usual: you would sell low and buy high (spread +0.042% now, against its 7-day average of +0.117%). If the spread goes back, that is −$8 on $10k: about 3.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09479 | 0.0096 | pay 0.0012% / 1h | 17m 05s | $571K | $600K | 5x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09483 | 0.0172 | get 0.0022% / 1h | 17m 05s | $522K | $178K | 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
- $15.96
- Price spread: +0.042% → +0.117%
- −$7.52
- Slippage, 4 orders
- −$35.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$33.96
- Costs to cover
- 0.424%
- Break-even
- 21.9 days
Slippage from Lighter: live order book, 13 min ago; Deribit: live order book, 22 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, 13 min ago | 6.40 bp | 10.4 bp −$10 | 72.9 bp −$729 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 22 min ago | 5.87 bp | 9.4 bp −$9 | 14.9 bp −$149 | 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 | 0.09484 | +0.054% | $1.3M | $2.9M | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09481 | +0.018% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.078% | $1K | $103K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09477 | −0.021% | $2K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09485 | +0.063% | $214K | $2.4M | 50x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09479 | long leg | $571K | $600K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09494 | +0.153% | $8.8M | $3.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09479 | +0.004% | $204K | $323K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09475 | −0.037% | $35.2M | $112.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09474 | −0.053% | $32.7M | $36.1M | 75x | as long as short |
Kraken Futures PF_HBARUSD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09473 | −0.063% | $6.7M | $25.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09480 | +0.011% | $2.5M | $2.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09482 | +0.032% | $26.3M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09484 | +0.053% | $7.6M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09478 | −0.011% | $17.5M | $16.2M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09480 | +0.011% | — | $7.3M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09483 | +0.042% | $36K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09429 | −0.529% | $1.0M | $178K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09500 | +0.222% | $385K | $3.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09497 | +0.190% | $154K | $701K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09479 | 0.000% | $440 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09496 | +0.179% | $72K | $71K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09482 | +0.032% | $2.4M | $2.4M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09479 | +0.004% | $49K | $307K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0172% | 1h | 0.09483 | +0.042% | $522K | $178K | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09486 | +0.074% | $1.5M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0364% / S −0.0262% | 1h | 0.09481 | +0.021% | $85K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2074% | 1h | 0.09477 | −0.020% | $31K | $9K | 5x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
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]
dYdX HBAR-USD