Funding you earn now, next payment 21:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.026%
Price spread now: Coinbase International against Bitget−0.043%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.043%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.071% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HBARUSDT | 0.09198 | 0.0100 | pay 0.0100% / 8h | 2h 55m | $17.0M | $14.9M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09194 | 0.0072 | get 0.0009% / 1h | 55m 40s | $220K | $2.2M | 50x |
Bitget HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- −$5.88
- Price spread: −0.043% → +0.027%
- −$7.08
- Slippage, 4 orders
- −$24.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$59.77
- Costs to cover
- 0.468%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Coinbase International: live order book, 3 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 Bitget live order book, 3 min ago | 0.54 bp | 9.9 bp −$10 | 17.7 bp −$177 | 44.8 bp −$4,484 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.63 bp | 13.3 bp −$13 | 17.6 bp −$176 | 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 | −0.0026% | 8h | 0.09194 | −0.043% | $7.4M | $8.0M | 75x | as long as short |
| Gate HBAR_USDT | −0.0018% | 8h | 0.09197 | −0.011% | $2.4M | $3.5M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09199 | +0.011% | $8K | — | 150x | as long as short |
| Extended HBAR-USD | +0.0048% | 1h | 0.09195 | −0.030% | $51K | $210K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0050% | 8h | 0.09196 | −0.022% | $24.2M | $22.6M | 200x | as long as short |
| Variational Omni HBAR | +0.0051% | 8h | 0.09200 | +0.027% | $1.0M | $201K | — | as long as short |
| Binance HBARUSDT | +0.0051% | 8h | 0.09200 | +0.022% | $34.6M | $111.4M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0072% | 1h | 0.09194 | −0.043% | $220K | $2.2M | 50x | |
| Orderly PERP_HBAR_USDC | +0.0075% | 8h | 0.09197 | −0.011% | $3K | $17K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0076% | 1h | 0.09209 | +0.120% | $507K | $151K | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Extended HBAR-USD
MEXC HBAR_USDT
Variational Omni HBAR
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Deribit HBAR_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09197 | −0.011% | $565K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09208 | +0.110% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09195 | −0.031% | $215K | $451K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09199 | +0.011% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09200 | +0.022% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDTlong | +0.0100% | 8h | 0.09198 | long leg | $17.0M | $14.9M | 75x | |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09196 | −0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09204 | +0.065% | $30K | $100K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09189 | −0.100% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09192 | −0.065% | $147K | $702K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09200 | +0.022% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09212 | +0.152% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09202 | +0.043% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0170% | 8h | 0.09189 | −0.098% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.141% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0383% | 1h | 0.09210 | +0.132% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09200 | +0.018% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.5599% | 1h | 0.09200 | +0.021% | $30K | $4K | 5x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
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
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD