Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h +0.230%

Price spread now: dYdX against BloFin+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.041% dearer against BloFin than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HBAR-USDT	0.09536	0.0220	pay 0.0220% / 8h	7h 48m	$1.5M	$5.9M	90x
Short	dYdX HBAR-USD	0.09540	0.0008	get 0.0001% / 1h	48m 54s	$31K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee dYdXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$44.52
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$62.45
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.

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, 5 min ago	5.75 bp	13.0 bp −$13	19.7 bp −$197	44.5 bp −$4,449	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0008%	1h	0.09541	+0.050%	$11K	—	150x	as long as short
dYdX HBAR-USDshort	+0.0008%	1h	0.09540	+0.041%	$31K	$11K	5x
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	−2.664%	$1K	$96K	12x	as long as short
Deribit HBAR_USDC-PERPETUAL	+0.0064%	1h	0.09550	+0.147%	$526K	$177K	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0084%	8h	0.09536	0.000%	$2K	$12K	10x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0088%	1h	0.09542	+0.063%	$219K	$2.6M	50x	as long as short
Lighter HBAR	+0.0096%	1h	0.09541	+0.052%	$573K	$600K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09548	+0.128%	$8.9M	$3.8M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09547	+0.118%	$222K	$337K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09542	+0.063%	$35.9M	$113.8M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HBARUSDT	+0.0100%	8h	0.09544	+0.084%	$33.2M	$37.1M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09541	+0.052%	$6.8M	$26.5M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09536	0.000%	$2.5M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09540	+0.042%	$26.5M	$20.2M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09541	+0.052%	$7.6M	$7.5M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09538	+0.021%	$17.3M	$17.2M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09540	+0.042%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09542	+0.063%	$37K	$201K	15x	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09564	+0.293%	$1.1M	$179K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09573	+0.388%	$386K	$3.3M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09564	+0.294%	$155K	$698K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09541	+0.052%	$443	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09558	+0.231%	$73K	$74K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09537	+0.010%	$2.3M	$2.6M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09535	−0.009%	$50K	$308K	10x	as long as short
BloFin HBAR-USDTlong	+0.0220%	8h	0.09536	long leg	$1.5M	$5.9M	90x
Kraken Futures PF_HBARUSD	+0.0284%	1h	0.09548	+0.123%	$1.4M	$3.0M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0363% / S −0.0281%	1h	0.09541	+0.053%	$83K	—	100x	as long as short