Funding you earn now, next payment 21:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.015%
Price spread now: Coinbase International against Bybit+0.207%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.207%, 7d avg +0.042%
=The price spread pays, funding is against you. Coinbase International is 0.164% dearer against Bybit than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of +0.042%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HBARUSDT | 0.09180 | 0.0100 | pay 0.0100% / 8h | 2h 33m | $32.8M | $37.1M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09199 | 0.0072 | get 0.0009% / 1h | 33m 01s | $220K | $2.2M | 50x |
Bybit HBARUSDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- −$5.88
- Price spread: +0.207% → +0.042%
- $16.45
- Slippage, 4 orders
- −$26.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$36.48
- Costs to cover
- 0.470%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Coinbase International: 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 Bybit live order book, 1 min ago | 0.54 bp | 8.0 bp −$8 | 20.9 bp −$209 | 75.8 bp −$7,577 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 2.18 bp | 12.4 bp −$12 | 16.9 bp −$169 | 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 | −0.0041% | 8h | 0.09183 | +0.033% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0033% | 8h | 0.09183 | +0.033% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09192 | +0.131% | $506K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09190 | +0.109% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0038% | 1h | 0.09186 | +0.065% | $31K | $102K | 15x | as long as short |
| Variational Omni HBAR | +0.0049% | 8h | 0.09169 | −0.118% | $1.0M | $197K | — | as long as short |
| MEXC HBAR_USDT | +0.0054% | 8h | 0.09182 | +0.022% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0054% | 8h | 0.09181 | +0.011% | $34.6M | $110.7M | 75x | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09180 | −0.002% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0072% | 1h | 0.09199 | +0.207% | $220K | $2.2M | 50x |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09183 | +0.033% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09185 | +0.054% | $564K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09197 | +0.185% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09186 | +0.066% | $210K | $428K | 50x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09180 | long leg | $32.8M | $37.1M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09180 | 0.000% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09184 | +0.044% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09186 | +0.065% | — | $5.8M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09199 | +0.208% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09178 | −0.022% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09186 | +0.065% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09215 | +0.381% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09186 | +0.065% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0174% | 8h | 0.09186 | +0.065% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.338% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09193 | +0.143% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09188 | +0.084% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3640% | 1h | 0.09190 | +0.110% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD