Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h +0.018%

Price spread now: BloFin against Coinbase International−0.076%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.076%, 7d avg −0.007%

Together, before fees+0.317%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.069% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.007%). If the spread goes back, that is −$7 on $10k: about 35 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HBAR-PERP-INTX	0.09247	0.0064	pay 0.0008% / 1h	8m 44s	$224K	$2.2M	50x
Short	BloFin HBAR-USDT	0.09240	0.0219	get 0.0219% / 8h	1h 08m	$1.4M	$5.5M	90x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.076%Rate

Funding earned: $32.51
Price spread: −0.076% → −0.007%: −$6.85
Slippage, 4 orders: −$24.29
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.63
Costs to cover: 0.463%
Break-even: 11.4 days

Slippage from Coinbase International: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	2.71 bp	13.5 bp −$14	20.1 bp −$201	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.17 bp	9.4 bp −$9	12.5 bp −$125	30.5 bp −$3,049	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	+0.216%	$1K	$112K	12x	as long as short
KuCoin HBARUSDTM	−0.0024%	8h	0.09245	−0.022%	$7.4M	$7.8M	75x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09249	+0.024%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09249	+0.022%	$509K	$166K	50x	as long as short
Gate HBAR_USDT	+0.0002%	8h	0.09244	−0.032%	$2.4M	$3.6M	75x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0013%	1h	0.09246	−0.008%	$8K	—	150x	as long as short
Coinbase International HBAR-PERP-INTXlong	+0.0064%	1h	0.09247	long leg	$224K	$2.2M	50x
Orderly PERP_HBAR_USDC	+0.0077%	8h	0.09242	−0.054%	$2K	$17K	10x	as long as short
Variational Omni HBAR	+0.0088%	8h	0.09234	−0.138%	$1.0M	$198K	—	as long as short
Lighter HBAR	+0.0096%	1h	0.09248	+0.011%	$567K	$591K	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended HBAR-USD	+0.0096%	1h	0.09247	−0.003%	$51K	$218K	10x	as long as short
MEXC HBAR_USDT	+0.0098%	8h	0.09247	0.000%	$25.7M	$22.8M	200x	as long as short
Binance HBARUSDT	+0.0099%	8h	0.09249	+0.018%	$34.7M	$110.5M	75x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09258	+0.120%	$8.8M	$2.9M	5x	as long as short
Aster HBARUSDT	+0.0100%	8h	0.09251	+0.038%	$211K	$429K	50x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09245	−0.022%	$32.9M	$37.0M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09249	+0.022%	$6.8M	$25.1M	50x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09249	+0.022%	$17.1M	$14.8M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09243	−0.043%	—	$6.7M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09247	0.000%	$34K	$102K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09234	−0.137%	$376K	$2.1M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09233	−0.151%	$148K	$707K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09242	−0.054%	$429	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09261	+0.151%	$73K	$53K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09242	−0.054%	$2.2M	$2.2M	50x	as long as short
Kraken Futures PF_HBARUSD	+0.0194%	1h	0.09250	+0.031%	$1.4M	$2.2M	50x	as long as short
BloFin HBAR-USDTshort	+0.0219%	8h	0.09240	−0.076%	$1.4M	$5.5M	90x
GMX HBAR/USD [WBTC.b-USDC]	L +0.0447% / S −0.0339%	1h	0.09245	−0.022%	$116K	—	100x	as long as short