Funding you earn now, next payment 11:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.099%
Price spread now: Injective against Bybit+2.211%78s7-day average −0.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.694%−$69 on $10k
+Price spread, last 4 days (all we have)−2.796%−$280 · spread now +2.211%, 7d avg −0.096%
=The price spread pays, funding is against you. Injective is 2.306% dearer against Bybit than usual: you sell high and buy low (spread +2.211% now, against its 7-day average of −0.096%): +$231 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 days. The two prices were read 78 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 | Bybit HBARUSDT | 0.09454 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $33.4M | $37.8M | 75x |
| Short | Injective HBAR/USDC PERP | 0.09663 | −0.0072 | pay 0.0009% / 1h | 57m 59s | $5K | $101K | 12x |
Bybit HBARUSDT
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$36.06
- Price spread: +2.211% → −0.096%
- $230.64
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $183.56
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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 Bybit live order book, 4 min ago | 0.53 bp | 9.1 bp −$9 | 20.2 bp −$202 | 72.0 bp −$7,197 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0072% | 1h | 0.09462 | +0.085% | $153K | $702K | 50x | as long as short |
| Injective HBAR/USDC PERPshort | −0.0072% | 1h | 0.09663 | +2.211% | $5K | $101K | 12x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09472 | +0.190% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0067% | 1h | 0.09476 | +0.233% | $522K | $209K | 50x | as long as short |
| Gate HBAR_USDT | +0.0084% | 8h | 0.09467 | +0.138% | $2.5M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09468 | +0.148% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09469 | +0.159% | $575K | $545K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09470 | +0.168% | $8.7M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09466 | +0.129% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09457 | +0.037% | $35.7M | $114.6M | 75x | as long as short |
ApeX Omni HBARUSDT
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09454 | long leg | $33.4M | $37.8M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09460 | +0.063% | $6.6M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09457 | +0.032% | $27.3M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09466 | +0.127% | $7.2M | $7.2M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09465 | +0.116% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09459 | +0.053% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09465 | +0.116% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09449 | −0.050% | $1.0M | $137K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09464 | +0.102% | $379K | $3.7M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09463 | +0.095% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09480 | +0.275% | $72K | $64K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09466 | +0.127% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09453 | −0.009% | $50K | $307K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0192% | 1h | 0.09476 | +0.233% | $222K | $2.9M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09482 | +0.296% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09482 | +0.292% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0422% | 1h | 0.09475 | +0.221% | $1.4M | $3.6M | 50x | as long as short |
| dYdX HBAR-USD | +0.2420% | 1h | 0.09474 | +0.209% | $40K | $21K | 5x | as long as short |
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD