Funding you earn now, next payment 03:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.120%
Price spread now: Kraken Futures against Binance+0.001%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 7 days+0.265%+$26 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.001%, 7d avg +0.094%
=Funding pays, the price is against you. Kraken Futures is 0.093% cheaper against Binance than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.094%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HBARUSDT | 0.09210 | 0.0099 | pay 0.0099% / 8h | 5h 36m | $33.9M | $104.1M | 75x |
| Short | Kraken Futures PF_HBARUSD | 0.09210 | 0.0205 | get 0.0026% / 1h | 36m 59s | $1.4M | $2.5M | 50x |
Binance HBARUSDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $22.33
- Price spread: +0.001% → +0.094%
- −$9.32
- Slippage, 4 orders
- −$21.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$28.14
- Costs to cover
- 0.411%
- Break-even
- 15.8 days
Slippage from Binance: live order book, 6 min ago; Kraken Futures: 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 Binance live order book, 6 min ago | 0.54 bp | 7.8 bp −$8 | 14.8 bp −$148 | 52.8 bp −$5,277 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 4.90 bp | 11.2 bp −$11 | 18.8 bp −$188 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0035% | 8h | 0.09205 | −0.056% | $7.1M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09200 | −0.114% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09211 | +0.004% | $8K | — | 150x | as long as short |
| Gate HBAR_USDT | +0.0042% | 8h | 0.09207 | −0.034% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09198 | −0.132% | $231K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0070% | 8h | 0.09184 | −0.287% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09204 | −0.067% | $2K | $17K | 10x | as long as short |
| Injective HBAR/USDC PERP | +0.0090% | 1h | 0.09282 | +0.780% | $1K | $106K | 12x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09204 | −0.067% | $560K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09207 | −0.030% | $51K | $277K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Injective HBAR/USDC PERP
Lighter HBAR
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0098% | 8h | 0.09212 | +0.020% | $26.1M | $19.6M | 200x | as long as short |
| Binance HBARUSDTlong | +0.0099% | 8h | 0.09210 | long leg | $33.9M | $104.1M | 75x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09227 | +0.185% | $8.7M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09203 | −0.075% | $210K | $318K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09205 | −0.056% | $32.6M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09207 | −0.034% | $6.7M | $24.3M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09210 | −0.001% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09209 | −0.012% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09215 | +0.053% | $67K | $144K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09182 | −0.305% | $373K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09184 | −0.284% | $147K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09204 | −0.067% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09223 | +0.140% | $70K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09213 | +0.031% | $2.1M | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0205% | 1h | 0.09210 | +0.001% | $1.4M | $2.5M | 50x | |
| BloFin HBAR-USDT | +0.0219% | 8h | 0.09202 | −0.088% | $1.4M | $5.4M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0293% | 1h | 0.09211 | +0.009% | $507K | $152K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0346% / S −0.0242% | 1h | 0.09211 | +0.007% | $79K | — | 100x | as long as short |
MEXC HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]