Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.003%
Price spread now: Coinbase International against Binance−0.361%53s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.288%+$29 · spread now −0.361%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.394% cheaper against Binance than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HBARUSDT | 0.09425 | 0.0100 | pay 0.0100% / 8h | 4h 02m | $34.9M | $108.6M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09391 | 0.0064 | get 0.0008% / 1h | 2m 18s | $233K | $2.2M | 50x |
Binance HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$7.56
- Price spread: −0.361% → +0.033%
- −$39.42
- Slippage, 4 orders
- −$23.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$90.03
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Coinbase International: 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 Binance live order book, 11 min ago | 0.54 bp | 6.7 bp −$7 | 15.4 bp −$154 | 59.5 bp −$5,949 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 5.32 bp | 14.4 bp −$14 | 18.1 bp −$181 | 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 | 0.09420 | −0.051% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09424 | −0.015% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.517% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0044% | 8h | 0.09422 | −0.032% | $7.2M | $7.3M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0064% | 1h | 0.09391 | −0.361% | $233K | $2.2M | 50x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0068% | 1h | 0.09430 | +0.053% | $519K | $186K | 50x | as long as short |
| Gate HBAR_USDT | +0.0080% | 8h | 0.09419 | −0.064% | $2.4M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09422 | −0.032% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09420 | −0.053% | $571K | $599K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09438 | +0.135% | $9.5M | $3.2M | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09426 | +0.014% | $215K | $328K | 50x | as long as short |
| Binance HBARUSDTlong | +0.0100% | 8h | 0.09425 | long leg | $34.9M | $108.6M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09428 | +0.032% | $33.3M | $34.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09426 | +0.011% | $6.7M | $25.6M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09422 | −0.032% | $26.2M | $19.9M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09423 | −0.021% | $17.2M | $15.3M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09425 | 0.000% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09413 | −0.127% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09372 | −0.564% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09426 | +0.009% | $379K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09393 | −0.340% | $152K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09425 | 0.000% | $438 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09395 | −0.318% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09405 | −0.212% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09422 | −0.029% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09408 | −0.180% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09425 | +0.003% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09431 | +0.067% | $1.3M | $2.8M | 50x | as long as short |
Aster 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