Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.028%
Price spread now: Binance against BloFin−0.469%91s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$390.389% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)+0.463%+$46 · spread now −0.469%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.448% cheaper against BloFin than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 91 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 | BloFin HBAR-USDT | 0.09345 | 0.0220 | pay 0.0220% / 8h | 3h 09m | $1.5M | $5.6M | 90x |
| Short | Binance HBARUSDT | 0.09301 | 0.0100 | get 0.0100% / 8h | 3h 09m | $34.3M | $110.9M | 75x |
BloFin HBAR-USDT
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.469% → −0.020%
- −$44.84
- Slippage, 4 orders
- −$16.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$108.95
- Costs to cover
- 0.389%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Binance: 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 BloFin live order book, 4 min ago | 4.81 bp | 12.8 bp −$13 | 15.8 bp −$158 | 28.4 bp −$2,837 | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.54 bp | 8.8 bp −$9 | 19.3 bp −$193 | 54.5 bp −$5,454 | 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 | 0.09303 | −0.446% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09313 | −0.342% | $513K | $190K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09309 | −0.389% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.674% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09320 | −0.268% | $230K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09309 | −0.385% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09306 | −0.417% | $561K | $619K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09306 | −0.412% | $200K | $335K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09301 | −0.469% | $34.3M | $110.9M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09300 | −0.482% | $32.8M | $35.4M | 75x | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09302 | −0.460% | $6.6M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09302 | −0.460% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09304 | −0.439% | $25.6M | $19.9M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09307 | −0.407% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09302 | −0.460% | $17.0M | $15.7M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09303 | −0.449% | — | $6.5M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09307 | −0.407% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09341 | −0.045% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09356 | +0.121% | $384K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09362 | +0.182% | $151K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09311 | −0.364% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09326 | −0.203% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09315 | −0.321% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09298 | −0.499% | $48K | $246K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09345 | long leg | $1.5M | $5.6M | 90x | |
| Kraken Futures PF_HBARUSD | +0.0361% | 1h | 0.09314 | −0.337% | $1.3M | $3.0M | 50x | as long as short |
| Hyperliquid HBAR | +0.0596% | 1h | 0.09320 | −0.271% | $9.4M | $3.2M | 5x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0620% / S −0.0663% | 1h | 0.09308 | −0.398% | $158K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Kraken Futures PF_HBARUSD
Hyperliquid HBAR
GMX HBAR/USD [WBTC.b-USDC]