Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.020%
Price spread now: Binance against Deribit−0.043%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.043%, 7d avg −0.088%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.045% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09407 | 0 | get 0.0000% / 1h | 1m 13s | $518K | $186K | 50x |
| Short | Binance HBARUSDT | 0.09403 | 0.0100 | get 0.0100% / 8h | 4h 01m | $34.8M | $108.7M | 75x |
Deribit HBAR_USDC-PERPETUAL
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $21
- Price spread: −0.043% → −0.088%
- $4.52
- Slippage, 4 orders
- −$14.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$5.5
- Costs to cover
- 0.310%
- Break-even
- 8.8 days
Slippage from Deribit: live order book, 58 min ago; Binance: live order book, 12 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 Deribit live order book, 58 min ago | 4.88 bp | 8.4 bp −$8 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.54 bp | 7.6 bp −$8 | 15.3 bp −$153 | 59.2 bp −$5,921 | 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 | 0.09428 | +0.221% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09407 | long leg | $518K | $186K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09405 | −0.016% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.329% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0044% | 8h | 0.09415 | +0.085% | $7.2M | $7.3M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09409 | +0.021% | $234K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09401 | −0.064% | $2K | $14K | 10x | as long as short |
| Gate HBAR_USDT | +0.0084% | 8h | 0.09405 | −0.021% | $2.4M | $2.9M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09402 | −0.053% | $568K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09426 | +0.199% | $9.5M | $3.2M | 5x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Gate HBAR_USDT
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09414 | +0.073% | $215K | $328K | 50x | as long as short |
| Binance HBARUSDTshort | +0.0100% | 8h | 0.09403 | −0.043% | $34.8M | $108.7M | 75x | |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09405 | −0.021% | $33.2M | $34.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09404 | −0.032% | $6.7M | $25.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09408 | +0.011% | $26.2M | $19.9M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09403 | −0.043% | $17.2M | $15.3M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09406 | −0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09425 | +0.191% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09372 | −0.374% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09415 | +0.081% | $378K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09415 | +0.085% | $152K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09403 | −0.043% | $436 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09438 | +0.330% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09403 | −0.043% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09400 | −0.072% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09404 | −0.032% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09403 | −0.039% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0385% | 1h | 0.09409 | +0.019% | $1.3M | $2.8M | 50x | as long as short |
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
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