Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.010%
Price spread now: BingX against Deribit−0.032%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.032%, 7d avg −0.085%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.054% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09430 | 0.0068 | pay 0.0008% / 1h | 1m 51s | $519K | $186K | 50x |
| Short | BingX HBAR-USDT | 0.09427 | 0.0100 | get 0.0100% / 8h | 4h 01m | — | $6.4M | — |
Deribit HBAR_USDC-PERPETUAL
BingX HBAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $6.72
- Price spread: −0.032% → −0.085%
- $5.35
- Slippage, 4 orders
- −$14.99
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$19.92
- Costs to cover
- 0.320%
- Break-even
- 27.8 days
Slippage from Deribit: live order book, 57 min ago; BingX: live order book, 8 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, 57 min ago | 4.88 bp | 8.4 bp −$8 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 1.60 bp | 7.9 bp −$8 | 15.5 bp −$155 | 48.1 bp −$4,806 | 270.0 bp −$135.0K |
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 | 0.09420 | −0.104% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09424 | −0.069% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.569% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0044% | 8h | 0.09419 | −0.117% | $7.2M | $7.3M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09428 | −0.021% | $234K | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0068% | 1h | 0.09430 | long leg | $519K | $186K | 50x | |
| Gate HBAR_USDT | +0.0080% | 8h | 0.09419 | −0.117% | $2.4M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09422 | −0.085% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09421 | −0.095% | $571K | $599K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09444 | +0.151% | $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
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
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 | 0.09422 | −0.087% | $215K | $328K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09424 | −0.063% | $34.9M | $108.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09429 | −0.011% | $33.3M | $34.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09428 | −0.021% | $6.7M | $25.6M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09418 | −0.127% | $26.2M | $19.9M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09428 | −0.021% | $17.2M | $15.3M | 75x | as long as short |
| BingX HBAR-USDTshort | +0.0100% | 8h | 0.09427 | −0.032% | — | $6.4M | — | |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09425 | −0.053% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09372 | −0.617% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09426 | −0.044% | $379K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09393 | −0.392% | $152K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09425 | −0.053% | $438 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09437 | +0.074% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09422 | −0.085% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09415 | −0.156% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09408 | −0.233% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09425 | −0.050% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09431 | +0.014% | $1.3M | $2.8M | 50x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
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