Funding you earn now, next payment 04:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.083%
Price spread now: Kraken Futures against BloFin−0.030%57s7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as 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−$440.443% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.030%, 7d avg +0.074%
=Funding pays, the price is against you. Kraken Futures is 0.105% cheaper against BloFin than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.074%). If the spread goes back, that is −$10 on $10k: about 2.0 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.041% in total) that is about 18 days. The two prices were read 57 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 | 0.09293 | 0.0220 | pay 0.0220% / 8h | 4h 24m | $1.4M | $5.4M | 90x |
| Short | Kraken Futures PF_HBARUSD | 0.09290 | 0.0390 | get 0.0049% / 1h | 24m 11s | $1.4M | $2.6M | 50x |
BloFin HBAR-USDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $35.75
- Price spread: −0.030% → +0.074%
- −$10.46
- Slippage, 4 orders
- −$22.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$18.97
- Costs to cover
- 0.443%
- Break-even
- 10.7 days
Slippage from BloFin: live order book, 9 min ago; Kraken Futures: live order book, 4 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, 9 min ago | 2.71 bp | 8.7 bp −$9 | 11.4 bp −$114 | 24.7 bp −$2,475 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 5.92 bp | 11.8 bp −$12 | 22.2 bp −$222 | 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 | 0.09290 | −0.034% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09287 | −0.065% | $511K | $175K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09286 | −0.079% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0022% | 8h | 0.09285 | −0.086% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.118% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0061% | 8h | 0.09288 | −0.054% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09286 | −0.075% | $228K | $2.1M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09282 | −0.118% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09284 | −0.097% | $563K | $598K | 5x | as long as short |
| Variational Omni HBAR | +0.0099% | 8h | 0.09290 | −0.035% | $1.0M | $187K | — | as long as short |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Variational Omni HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09301 | +0.084% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09293 | +0.005% | $213K | $314K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09288 | −0.054% | $34.1M | $105.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09287 | −0.065% | $32.7M | $34.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09288 | −0.054% | $6.6M | $24.8M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09286 | −0.075% | $25.9M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09285 | −0.086% | $17.1M | $15.1M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09285 | −0.086% | — | $6.4M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09291 | −0.022% | $38K | $200K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09264 | −0.308% | $379K | $2.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09265 | −0.301% | $148K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09287 | −0.065% | $431 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09304 | +0.118% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09283 | −0.108% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09280 | −0.136% | $52K | $278K | 10x | as long as short |
| BloFin HBAR-USDTlong | +0.0220% | 8h | 0.09293 | long leg | $1.4M | $5.4M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0348% / S −0.0242% | 1h | 0.09284 | −0.095% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0390% | 1h | 0.09290 | −0.030% | $1.4M | $2.6M | 50x |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
GMX HBAR/USD [WBTC.b-USDC]