Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.027%
Price spread now: Phemex against Binance−0.176%52s7-day average +0.022% · 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−$490.491% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.176%, 7d avg +0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.198% cheaper against Binance than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 52 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 | 0.09243 | 0.0099 | pay 0.0099% / 8h | 1h 09m | $34.6M | $110.5M | 75x |
| Short | Phemex HBARUSDT | 0.09227 | 0.0100 | get 0.0100% / 8h | 1h 09m | $2.2M | $2.2M | 50x |
Binance HBARUSDT
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0.25
- Price spread: −0.176% → +0.022%
- −$19.82
- Slippage, 4 orders
- −$27.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$68.65
- Costs to cover
- 0.491%
- Break-even
- 1914.0 days
Slippage from Binance: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago | 0.54 bp | 7.1 bp −$7 | 14.8 bp −$148 | 58.4 bp −$5,844 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.71 bp | 17.1 bp −$17 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | +0.257% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0024% | 8h | 0.09239 | −0.046% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09241 | −0.026% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09249 | +0.062% | $509K | $166K | 50x | as long as short |
| Gate HBAR_USDT | +0.0001% | 8h | 0.09240 | −0.035% | $2.4M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0013% | 1h | 0.09246 | +0.032% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09228 | −0.165% | $223K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09242 | −0.014% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0088% | 8h | 0.09234 | −0.098% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09238 | −0.057% | $567K | $591K | 5x | as long as short |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0096% | 1h | 0.09236 | −0.077% | $51K | $218K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0098% | 8h | 0.09246 | +0.029% | $25.7M | $22.8M | 200x | as long as short |
| Binance HBARUSDTlong | +0.0099% | 8h | 0.09243 | long leg | $34.6M | $110.5M | 75x | |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09255 | +0.125% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09244 | +0.007% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09240 | −0.035% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09242 | −0.014% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09246 | +0.029% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09240 | −0.035% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09233 | −0.111% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09234 | −0.097% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09233 | −0.111% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09242 | −0.014% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09243 | −0.003% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09227 | −0.176% | $2.2M | $2.2M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0194% | 1h | 0.09231 | −0.128% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0218% | 8h | 0.09230 | −0.144% | $1.4M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0447% / S −0.0339% | 1h | 0.09245 | +0.019% | $116K | — | 100x | as long as short |
Extended HBAR-USD
MEXC HBAR_USDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]