Funding you earn now, next payment 01:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.009%
Price spread now: MEXC against Lighter−0.162%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.162%, 7d avg +0.043%
=Together, before fees+0.367%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.205% cheaper against Lighter than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.162%, 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 | 0.09267 | 0.0096 | pay 0.0012% / 1h | 2m 22s | $567K | $553K | 5x |
| Short | MEXC HBAR_USDT | 0.09252 | 0.0075 | get 0.0075% / 8h | 7h 02m | $26.9M | $22.6M | 200x |
Lighter HBAR
MEXC HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$4.41
- Price spread: −0.162% → +0.043%
- −$20.48
- Slippage, 4 orders
- −$21.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$46.66
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 63 min ago; MEXC: live order book, 1 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, 63 min ago | 2.69 bp | 3.7 bp −$4 | 68.8 bp −$688 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.54 bp | 2.5 bp −$2 | 16.4 bp −$164 | 60.5 bp −$6,051 | 144.9 bp −$72.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0077% | 8h | 0.09260 | −0.076% | $7.3M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09274 | +0.075% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09253 | −0.151% | $509K | $152K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09252 | −0.163% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | 0.000% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0039% | 8h | 0.09251 | −0.173% | $2.4M | $3.4M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09252 | −0.162% | $225K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0058% | 1h | 0.09246 | −0.221% | $1.4M | $2.3M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09307 | +0.429% | $1.0M | $191K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09242 | −0.271% | $53K | $275K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDTshort | +0.0075% | 8h | 0.09252 | −0.162% | $26.9M | $22.6M | 200x | |
| Binance HBARUSDT | +0.0076% | 8h | 0.09246 | −0.227% | $34.8M | $104.7M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09246 | −0.227% | $2K | $17K | 10x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0079% | 8h | 0.09308 | +0.442% | $374K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0092% | 1h | 0.09314 | +0.507% | $149K | $723K | 50x | as long as short |
| Lighter HBARlong | +0.0096% | 1h | 0.09267 | long leg | $567K | $553K | 5x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09271 | +0.041% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09263 | −0.041% | $211K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09245 | −0.237% | $33.0M | $35.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09245 | −0.237% | $6.8M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09243 | −0.259% | $17.2M | $14.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09246 | −0.227% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09264 | −0.032% | $34K | $109K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09240 | −0.291% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09306 | +0.421% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09251 | −0.173% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09267 | 0.000% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0562% | 1h | 0.09251 | −0.174% | $117K | — | 100x | as long as short |
Binance HBARUSDT
Orderly PERP_HBAR_USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]