Spread before costs (cost unknown: a leg has no order-book sample)+0.115%
7d average+0.093%if it closes, per $10,000$12funding while held, a day+$11.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HBAR | 0.09106 | 0.0096 | pay 0.0012% / 1h | 11m 13s | $557K | $595K | 5x |
| Short | GMX HBAR/USD [WBTC.b-USDC] | 0.09116 | L +0.0442% / S −0.0472% | get 0.0059% / 1h | 11m 13s | $101K | — | 100x |
Lighter HBAR
GMX HBAR/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $11.53
- Funding while held
- $11.28
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $10.81
- Spread needed to break even
- 0.120%
Slippage unknown: Lighter: live order book, 25 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0376%
- Per $10,000 a day
- +$11.28
- Average in range /8h
- —
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, 25 min ago | 2.74 bp | 12.6 bp −$13 | 61.6 bp −$616 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HBAR price on every exchange
against the cheapest. Click to use as the short leg.Lighter0.09106cheapest
Gate0.09106cheapestSoDEX0.09106cheapestBinance0.09106+0.002%Bybit0.09107+0.011%Extended0.09107+0.014%BingX0.09108+0.022%Backpack0.09108+0.022%MEXC0.09110+0.044%BloFin0.09110+0.044%Orderly0.09111+0.055%Phemex0.09111+0.055%OKX0.09113+0.077%Bitget0.09113+0.077%KuCoin0.09115+0.099%
Gate
SoDEX
Binance
Bybit
Extended
BingX
Backpack
MEXC
BloFin
Orderly
Phemex
OKX
Bitget
KuCoinGMX0.09116+0.115%
gTrade (Gains Network)0.09117+0.121%Deribit0.09117+0.121%Kraken Futures0.09118+0.130%Hyperliquid0.09118+0.134%Aster0.09118+0.136%Injective0.09134+0.307%Coinbase International0.09137+0.340%ApeX Omni0.09138+0.351%HTX0.09139+0.362%dYdX0.09145+0.431%Variational Omni0.09160+0.596%
gTrade (Gains Network)
Deribit
Kraken Futures
Hyperliquid
Aster
Injective
Coinbase International
ApeX Omni
HTX
dYdX
Variational OmniHBAR on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter HBARlong | 0.000% | +0.0096% | 1h | $557K | $595K | 5x | |
| Gate HBAR_USDT | 0.000% | +0.0015% | 8h | $2.4M | $3.7M | 75x | as long as short |
| SoDEX HBAR-USD | 0.000% | +0.0100% | 1h | $423 | $6K | 5x | as long as short |
| Binance HBARUSDT | +0.002% | −0.0016% | 8h | $34.9M | $112.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.011% | +0.0100% | 8h | $32.8M | $38.1M | 75x | as long as short |
| Extended HBAR-USD | +0.014% | −0.0016% | 1h | $46K | $212K | 10x | as long as short |
| BingX HBAR-USDT | +0.022% | −0.0015% | 8h | — | $6.0M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.022% | −0.0002% | 1h | $29K | $143K | 15x | as long as short |
| MEXC HBAR_USDT | +0.044% | −0.0015% | 8h | $33.3M | $24.8M | 200x | as long as short |
| BloFin HBAR-USDT | +0.044% | +0.0104% | 8h | $1.5M | $7.4M | 90x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.055% | +0.0054% | 8h | $3K | $18K | 10x | as long as short |
| Phemex HBARUSDT | +0.055% | +0.0100% | 8h | $2.2M | $2.2M | 50x | as long as short |
| OKX HBAR-USDT-SWAP | +0.077% | +0.0100% | 8h | $6.8M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.077% | +0.0100% | 8h | $16.8M | $14.2M | 75x | as long as short |
| KuCoin HBARUSDTM | +0.099% | +0.0082% | 8h | $7.3M | $8.6M | 75x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC]short | +0.115% | L +0.0442% / S −0.0472% | 1h | $101K | — | 100x | |
| gTrade (Gains Network) HBAR/USD | +0.121% | L +0.0007% / S −0.0014% | 1h | $8K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.121% | +0.0408% | 1h | $502K | $152K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.130% | +0.0233% | 1h | $1.4M | $2.4M | 50x | as long as short |
| Hyperliquid HBAR | +0.134% | +0.0100% | 1h | $8.8M | $3.0M | 5x | as long as short |
| Aster HBARUSDT | +0.136% | +0.0100% | 8h | $213K | $466K | 50x | as long as short |
| Injective HBAR/USDC PERP | +0.307% | −0.0243% | 1h | $5K | $65K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.340% | +0.0096% | 1h | $205K | $2.4M | 50x | as long as short |
| ApeX Omni HBARUSDT | +0.351% | +0.0100% | 1h | $168K | $698K | 50x | as long as short |
| HTX HBAR-USDT | +0.362% | +0.0100% | 8h | $72K | $53K | 20x | as long as short |
| dYdX HBAR-USD | +0.431% | 0.0000% | 1h | $30K | $4K | 5x | as long as short |
| Variational Omni HBAR | +0.596% | −0.0005% | 8h | $1.0M | $201K | — | as long as short |