Funding you earn now, next payment 22:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.012%
Price spread now: Deribit against Coinbase International+0.075%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.075%, 7d avg +0.052%
=The price spread pays, funding is against you. Deribit is 0.023% dearer against Coinbase International than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.052%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.029% in total) that is about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09311 | 0.0064 | pay 0.0008% / 1h | 38m 05s | $223K | $2.2M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09318 | 0 | get 0.0000% / 1h | 38m 05s | $513K | $151K | 50x |
Coinbase International HBAR-PERP-INTX
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$13.44
- Price spread: +0.075% → +0.052%
- $2.32
- Slippage, 4 orders
- −$22.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$50.32
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Deribit: live order book, 46 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, 1 min ago | 1.61 bp | 14.0 bp −$14 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 46 min ago | 3.24 bp | 6.7 bp −$7 | 15.3 bp −$153 | 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 | −0.473% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0025% | 8h | 0.09300 | −0.118% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0013% | 8h | 0.09305 | −0.064% | $7.4M | $7.8M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09308 | −0.032% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09318 | +0.075% | $513K | $151K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09315 | +0.046% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0063% | 8h | 0.09319 | +0.091% | $1.0M | $197K | — | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0064% | 1h | 0.09311 | long leg | $223K | $2.2M | 50x | |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09309 | −0.021% | $2K | $16K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0087% | 8h | 0.09303 | −0.086% | $26.2M | $22.6M | 200x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0088% | 1h | 0.09309 | −0.019% | $51K | $218K | 10x | as long as short |
| Binance HBARUSDT | +0.0090% | 8h | 0.09296 | −0.161% | $34.9M | $110.5M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09303 | −0.086% | $571K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09309 | −0.025% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09302 | −0.092% | $212K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09295 | −0.172% | $33.1M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09293 | −0.193% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09301 | −0.107% | $17.2M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09300 | −0.118% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09304 | −0.075% | $34K | $104K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09317 | +0.059% | $379K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09316 | +0.054% | $149K | $708K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09306 | −0.054% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09339 | +0.301% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09299 | −0.129% | $2.2M | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0193% | 1h | 0.09312 | +0.012% | $1.4M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0208% | 8h | 0.09307 | −0.043% | $1.4M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09317 | +0.064% | $104K | — | 100x | as long as short |
Extended HBAR-USD
Binance HBARUSDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Kraken Futures PF_HBARUSD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]