Funding you earn now, next payment 04:00 UTC+0.0297%/8h= +32.6% APRpaid last 24h +0.090%
Price spread now: Kraken Futures against Bitget−0.056%7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.056%, 7d avg +0.085%
=Funding pays, the price is against you. Kraken Futures is 0.141% cheaper against Bitget than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.085%). If the spread goes back, that is −$14 on $10k: about 38 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.200% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.200% in total (about 10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HBARUSDT | 0.09129 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $16.8M | $15.1M | 75x |
| Short | Kraken Futures PF_HBARUSD | 0.09124 | 0.0397 | get 0.0050% / 1h | 47m 52s | $1.4M | $2.6M | 50x |
Bitget HBARUSDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $62.44
- Price spread: −0.056% → +0.085%
- −$14.08
- Slippage, 4 orders
- −$27.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.77
- Costs to cover
- 0.491%
- Break-even
- 7.1 days
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: 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 Bitget live order book, 1 min ago | 0.55 bp | 11.0 bp −$11 | 21.9 bp −$219 | 72.7 bp −$7,273 | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 6.57 bp | 13.9 bp −$14 | 23.9 bp −$239 | 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 | 0.09117 | −0.127% | $29K | $4K | 5x | as long as short |
| KuCoin HBARUSDTM | +0.0001% | 8h | 0.09129 | 0.000% | $7.1M | $7.2M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09125 | −0.047% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.676% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0043% | 8h | 0.09124 | −0.055% | $2.4M | $2.8M | 75x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0061% | 1h | 0.09127 | −0.022% | $36K | $168K | 15x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09114 | −0.164% | $218K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0079% | 8h | 0.09143 | +0.152% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09119 | −0.110% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09118 | −0.120% | $553K | $595K | 5x | as long as short |
dYdX HBAR-USD
KuCoin HBARUSDTM
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Backpack HBAR_USDC_PERP
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09131 | +0.022% | $209K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09132 | +0.033% | $33.6M | $105.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09130 | +0.011% | $32.3M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09128 | −0.011% | $6.5M | $24.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09127 | −0.022% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDTlong | +0.0100% | 8h | 0.09129 | long leg | $16.8M | $15.1M | 75x | |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09128 | −0.011% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09208 | +0.869% | $369K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09144 | +0.164% | $146K | $715K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09119 | −0.110% | $423 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09141 | +0.131% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09120 | −0.099% | $2.1M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09125 | −0.049% | $52K | $278K | 10x | as long as short |
| Hyperliquid HBAR | +0.0107% | 1h | 0.09140 | +0.120% | $8.6M | $2.7M | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0189% | 1h | 0.09126 | −0.033% | $503K | $168K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09109 | −0.219% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0345% / S −0.0242% | 1h | 0.09123 | −0.066% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0397% | 1h | 0.09124 | −0.056% | $1.4M | $2.6M | 50x |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Hyperliquid HBAR
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]