Funding you earn now, next payment 08:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.98 per $10,000 · paid last 24h −0.007%
Price spread now: Phemex against BloFin−0.032%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.032%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.023% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HBAR-USDT | 0.09339 | 0.0198 | pay 0.0198% / 8h | 7h 06m | $1.5M | $5.4M | 90x |
| Short | Phemex HBARUSDT | 0.09336 | 0.0100 | get 0.0100% / 8h | 7h 06m | $2.2M | $2.1M | 50x |
BloFin HBAR-USDT
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$20.54
- Price spread: −0.032% → −0.009%
- −$2.32
- Slippage, 4 orders
- −$30.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$77.45
- Costs to cover
- 0.546%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago | 0.54 bp | 9.7 bp −$10 | 14.4 bp −$144 | 35.7 bp −$3,571 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.14 bp | 18.9 bp −$19 | 35.4 bp −$354 | 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 | −0.0080% | 8h | 0.09331 | −0.086% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09329 | −0.105% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09344 | +0.054% | $514K | $167K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09342 | +0.031% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.771% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09345 | +0.064% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09343 | +0.046% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0068% | 8h | 0.09340 | +0.010% | $1.0M | $191K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09335 | −0.043% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09319 | −0.214% | $27.2M | $22.6M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0078% | 8h | 0.09310 | −0.307% | $35.0M | $106.0M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09314 | −0.266% | $53K | $277K | 10x | as long as short |
| Gate HBAR_USDT | +0.0093% | 8h | 0.09321 | −0.193% | $2.4M | $3.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09330 | −0.096% | $571K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09343 | +0.044% | $9.0M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09339 | +0.003% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09313 | −0.278% | $33.2M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09314 | −0.268% | $6.9M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09315 | −0.257% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09318 | −0.225% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09339 | 0.000% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09351 | +0.130% | $375K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09353 | +0.150% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09336 | −0.032% | $433 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09355 | +0.171% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09336 | −0.032% | $2.2M | $2.1M | 50x | |
| BloFin HBAR-USDTlong | +0.0198% | 8h | 0.09339 | long leg | $1.5M | $5.4M | 90x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09339 | +0.004% | $118K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Gate HBAR_USDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]