Funding you earn now, next payment 01:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.009%
Price spread now: BingX against Coinbase International−0.325%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)+0.318%+$32 · spread now −0.325%, 7d avg −0.033%
=Funding pays, the price is against you. BingX is 0.292% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.325% now, against its 7-day average of −0.033%). If the spread goes back, that is −$29 on $10k: about 27 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09242 | 0.0064 | pay 0.0008% / 1h | 5m 29s | $223K | $2.1M | 50x |
| Short | BingX HBAR-USDC | 0.09212 | 0.0100 | get 0.0100% / 8h | 6h 05m | — | $6.7M | — |
Coinbase International HBAR-PERP-INTX
BingX HBAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- $7.56
- Price spread: −0.325% → −0.033%
- −$29.19
- Slippage, 4 orders
- −$42.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$83.68
- Costs to cover
- 0.620%
- Break-even
- 84.5 days
Slippage from Coinbase International: live order book, 3 min ago; BingX: 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 Coinbase International live order book, 3 min ago | 3.25 bp | 13.5 bp −$13 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 1.08 bp | 20.0 bp −$20 | 72.1 bp −$721 | 774.3 bp −$77.4K | 1269.9 bp −$635.0K |
HBAR on 27 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 | −0.0059% | 8h | 0.09206 | −0.390% | $7.1M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09209 | −0.361% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09239 | −0.032% | $509K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09237 | −0.056% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.433% | $1K | $106K | 12x | as long as short |
| Variational Omni HBAR | +0.0063% | 8h | 0.09230 | −0.131% | $1.0M | $187K | — | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0064% | 1h | 0.09242 | long leg | $223K | $2.1M | 50x | |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09239 | −0.036% | $1.4M | $2.5M | 50x | as long as short |
| Gate HBAR_USDT | +0.0070% | 8h | 0.09212 | −0.325% | $2.4M | $3.0M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09233 | −0.097% | $2K | $17K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Variational Omni HBAR
Kraken Futures PF_HBARUSD
Gate HBAR_USDT
Orderly PERP_HBAR_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0080% | 1h | 0.09211 | −0.340% | $47K | $273K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0081% | 8h | 0.09212 | −0.325% | $26.0M | $22.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0081% | 8h | 0.09211 | −0.335% | $34.1M | $104.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09209 | −0.357% | $560K | $596K | 5x | as long as short |
| ApeX Omni HBARUSDT | +0.0099% | 1h | 0.09229 | −0.141% | $147K | $712K | 50x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09227 | −0.163% | $8.8M | $2.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09210 | −0.345% | $210K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09215 | −0.292% | $32.7M | $34.3M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09216 | −0.281% | $6.7M | $24.3M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09216 | −0.281% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDCshort | +0.0100% | 8h | 0.09212 | −0.325% | — | $6.7M | — | |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09228 | −0.151% | $32K | $120K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09205 | −0.401% | $376K | $2.3M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09231 | −0.119% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09255 | +0.141% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09231 | −0.119% | $2.1M | $2.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0462% | 1h | 0.09235 | −0.076% | $120K | — | 100x | as long as short |
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Lighter HBAR
ApeX Omni HBARUSDT
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]