Funding you earn now, next payment 23:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h +0.132%
Price spread now: Kraken Futures against Bybit−0.181%7-day average +0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.181%, 7d avg +0.104%
=Funding pays, the price is against you. Kraken Futures is 0.285% cheaper against Bybit than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of +0.104%). If the spread goes back, that is −$29 on $10k: about 10 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HBARUSDT | 0.09284 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $33.1M | $37.1M | 75x |
| Short | Kraken Futures PF_HBARUSD | 0.09267 | 0.0194 | get 0.0024% / 1h | 29m 24s | $1.4M | $2.2M | 50x |
Bybit HBARUSDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $19.65
- Price spread: −0.181% → +0.104%
- −$28.53
- Slippage, 4 orders
- −$29.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$59.83
- Costs to cover
- 0.510%
- Break-even
- 28.3 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 0.54 bp | 12.1 bp −$12 | 21.0 bp −$210 | 70.0 bp −$6,999 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 7.00 bp | 12.9 bp −$13 | 17.1 bp −$171 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.183% | $1K | $112K | 12x | as long as short |
| KuCoin HBARUSDTM | −0.0017% | 8h | 0.09281 | −0.032% | $7.4M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0012% | 8h | 0.09278 | −0.065% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09282 | −0.018% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09289 | +0.057% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09273 | −0.118% | $222K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0072% | 8h | 0.09264 | −0.212% | $1.0M | $197K | — | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0074% | 1h | 0.09264 | −0.215% | $510K | $151K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09256 | −0.302% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0093% | 8h | 0.09285 | +0.011% | $26.0M | $22.6M | 200x | as long as short |
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Deribit HBAR_USDC-PERPETUAL
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 | +0.0094% | 8h | 0.09282 | −0.022% | $34.8M | $110.6M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09278 | −0.065% | $569K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09279 | −0.051% | $51K | $218K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09296 | +0.134% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09280 | −0.044% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09284 | long leg | $33.1M | $37.1M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09281 | −0.032% | $6.8M | $25.2M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09283 | −0.011% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09282 | −0.022% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09261 | −0.248% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09259 | −0.270% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09286 | +0.022% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09259 | −0.269% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09293 | +0.097% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09264 | −0.215% | $2.2M | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0194% | 1h | 0.09267 | −0.181% | $1.4M | $2.2M | 50x | |
| BloFin HBAR-USDT | +0.0213% | 8h | 0.09249 | −0.377% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09259 | −0.269% | $104K | — | 100x | as long as short |
Binance HBARUSDT
Lighter HBAR
Extended HBAR-USD
Hyperliquid HBAR
Aster 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
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]