Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.009%
Price spread now: OKX against Coinbase International+0.345%55s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.345%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.397% dearer against Coinbase International than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HBAR-PERP-INTX | 0.09262 | 0.0064 | pay 0.0008% / 1h | 26m 24s | $228K | $2.1M | 50x |
| Short | OKX HBAR-USDT-SWAP | 0.09294 | 0.0100 | get 0.0100% / 8h | 4h 26m | $6.6M | $24.8M | 50x |
Coinbase International HBAR-PERP-INTX
OKX HBAR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.345% → −0.051%
- $39.67
- Slippage, 4 orders
- −$27.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$0.7
- Costs to cover
- 0.479%
- Break-even
- 7.6 days
Slippage from Coinbase International: live order book, 2 min ago; OKX: 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, 2 min ago | 2.69 bp | 13.9 bp −$14 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.54 bp | 11.8 bp −$12 | 22.4 bp −$224 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09273 | +0.120% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09281 | +0.203% | $8K | — | 150x | as long as short |
| KuCoin HBARUSDTM | +0.0020% | 8h | 0.09270 | +0.086% | $7.2M | $7.2M | 75x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.216% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0058% | 8h | 0.09270 | +0.086% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTXlong | +0.0064% | 1h | 0.09262 | long leg | $228K | $2.1M | 50x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0074% | 1h | 0.09273 | +0.119% | $511K | $175K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09290 | +0.302% | $2K | $14K | 10x | as long as short |
| Variational Omni HBAR | +0.0093% | 8h | 0.09251 | −0.120% | $1.0M | $187K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09269 | +0.076% | $562K | $598K | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
KuCoin HBARUSDTM
Injective HBAR/USDC PERP
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDC
Variational Omni HBAR
Lighter HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HBAR | +0.0100% | 1h | 0.09284 | +0.235% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09275 | +0.144% | $212K | $314K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09276 | +0.155% | $34.1M | $105.5M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09289 | +0.292% | $32.8M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAPshort | +0.0100% | 8h | 0.09294 | +0.345% | $6.6M | $24.8M | 50x | |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09273 | +0.119% | $25.8M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09272 | +0.108% | $17.1M | $15.1M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09284 | +0.238% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09278 | +0.173% | $38K | $200K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09255 | −0.076% | $376K | $2.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09278 | +0.173% | $148K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09271 | +0.097% | $430 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09294 | +0.345% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09279 | +0.184% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09269 | +0.080% | $52K | $278K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09273 | +0.119% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0347% / S −0.0242% | 1h | 0.09274 | +0.127% | $80K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0391% | 1h | 0.09275 | +0.143% | $1.4M | $2.6M | 50x | as long as short |
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD