Funding arb · Price arb /

HBAR

all HBAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.004%

Price spread now: Bybit against Coinbase International−0.129%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.129%, 7d avg −0.035%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.095% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of −0.035%). If the spread goes back, that is −$9 on $10k: about 16 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	0.09268	0.0080	pay 0.0010% / 1h	42m 40s	$211K	$2.3M	50x
Short	Bybit HBARUSDT	0.09256	0.0100	get 0.0100% / 8h	1h 42m	$31.7M	$36.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.129%Rate

Funding earned: $4.2
Price spread: −0.129% → −0.035%: −$9.49
Slippage, 4 orders: −$23.34
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.63
Costs to cover: 0.443%
Break-even: 89.7 days

Slippage from Coinbase International: live order book, 6 min ago; Bybit: 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 Coinbase International live order book, 6 min ago	2.16 bp	10.9 bp −$11	17.1 bp −$171	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.54 bp	9.9 bp −$10	21.3 bp −$213	76.6 bp −$7,655	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
Backpack HBAR_USDC_PERP	−0.0667%	1h	0.09266	−0.022%	$33K	$202K	15x	as long as short
Kraken Futures PF_HBARUSD	−0.0267%	1h	0.09270	+0.017%	$1.3M	$3.0M	50x	as long as short
dYdX HBAR-USD	0.0000%	1h	0.09267	−0.013%	$30K	$4K	5x	as long as short
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09275	+0.076%	$511K	$178K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0011%	1h	0.09275	+0.077%	$9K	—	150x	as long as short
Injective HBAR/USDC PERP	+0.0033%	1h	0.09282	+0.151%	$1K	$103K	12x	as long as short
Orderly PERP_HBAR_USDC	+0.0077%	8h	0.09269	+0.011%	$4K	$16K	10x	as long as short
Coinbase International HBAR-PERP-INTXlong	+0.0080%	1h	0.09268	long leg	$211K	$2.3M	50x
Lighter HBAR	+0.0096%	1h	0.09255	−0.140%	$557K	$600K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09265	−0.029%	$8.6M	$3.7M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HBARUSDT	+0.0100%	8h	0.09263	−0.050%	$199K	$333K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09254	−0.151%	$34.1M	$112.1M	75x	as long as short
Bybit HBARUSDTshort	+0.0100%	8h	0.09256	−0.129%	$31.7M	$36.0M	75x
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09254	−0.151%	$6.5M	$25.4M	50x	as long as short
Gate HBAR_USDT	+0.0100%	8h	0.09261	−0.076%	$2.4M	$2.7M	75x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09253	−0.162%	$24.9M	$19.7M	200x	as long as short
KuCoin HBARUSDTM	+0.0100%	8h	0.09262	−0.065%	$7.4M	$7.5M	75x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09256	−0.129%	$17.2M	$16.0M	75x	as long as short
BingX HBAR-USDC	+0.0100%	8h	0.09258	−0.108%	—	$6.7M	—	as long as short
Variational Omni HBAR	+0.0100%	8h	0.09256	−0.131%	$1.0M	$187K	—	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09264	−0.048%	$373K	$3.0M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09267	−0.011%	$150K	$704K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09266	−0.022%	$430	$5K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09273	+0.054%	$70K	$70K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09270	+0.022%	$2.1M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09258	−0.107%	$60K	$238K	10x	as long as short
BloFin HBAR-USDT	+0.0220%	8h	0.09264	−0.043%	$1.5M	$5.7M	90x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0360% / S −0.0261%	1h	0.09275	+0.076%	$83K	—	100x	as long as short