Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%
Price spread now: Phemex against BingX−0.183%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.183%, 7d avg +0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.203% cheaper against BingX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HBAR-USDT | 0.09281 | 0.0100 | pay 0.0100% / 8h | 7h 38m | — | $5.9M | — |
| Short | Phemex HBARUSDT | 0.09264 | 0.0100 | get 0.0100% / 8h | 7h 38m | $2.2M | $2.1M | 50x |
BingX HBAR-USDT
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- Price spread: −0.183% → +0.020%
- −$20.29
- Slippage, 4 orders
- −$33.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.31
- Costs to cover
- 0.550%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Phemex: live order book, 5 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 BingX live order book, 7 min ago | 1.62 bp | 7.9 bp −$8 | 14.9 bp −$149 | 57.4 bp −$5,738 | 354.8 bp −$177.4K |
| Sell Phemex live order book, 5 min ago | 1.62 bp | 17.0 bp −$17 | 37.1 bp −$371 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT HBAR_USDT_Perp | −0.0097% | 8h | 0.09291 | +0.103% | $375K | $2.2M | 10x | as long as short |
| KuCoin HBARUSDTM | −0.0082% | 8h | 0.09268 | −0.140% | $7.3M | $7.8M | 75x | as long as short |
| ApeX Omni HBARUSDT | −0.0082% | 1h | 0.09287 | +0.065% | $149K | $718K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09268 | −0.145% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09270 | −0.119% | $510K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09276 | −0.051% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.151% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09274 | −0.075% | $228K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0058% | 1h | 0.09270 | −0.120% | $1.4M | $2.3M | 50x | as long as short |
| Binance HBARUSDT | +0.0070% | 8h | 0.09275 | −0.065% | $34.7M | $109.6M | 75x | as long as short |
GRVT HBAR_USDT_Perp
KuCoin HBARUSDTM
ApeX Omni HBARUSDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0071% | 8h | 0.09267 | −0.151% | $26.2M | $22.3M | 200x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09283 | +0.022% | $1.0M | $202K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09272 | −0.099% | $54K | $299K | 10x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09264 | −0.183% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09262 | −0.205% | $568K | $552K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09277 | −0.042% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09266 | −0.162% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09273 | −0.086% | $32.9M | $36.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09274 | −0.075% | $6.8M | $25.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09273 | −0.086% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09275 | −0.065% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDTlong | +0.0100% | 8h | 0.09281 | long leg | — | $5.9M | — | |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09269 | −0.129% | $36K | $103K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09262 | −0.205% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09283 | +0.022% | $73K | $60K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09264 | −0.183% | $2.2M | $2.1M | 50x | |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09260 | −0.226% | $1.4M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0493% / S −0.0529% | 1h | 0.09273 | −0.088% | $119K | — | 100x | as long as short |
MEXC HBAR_USDT
Variational Omni HBAR
Extended HBAR-USD
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]