Funding you earn now, next payment 04:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.001%
Price spread now: Bitget against Deribit−0.096%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.096%, 7d avg −0.078%
=The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09392 | 0.0283 | pay 0.0035% / 1h | 3m 51s | $517K | $186K | 50x |
| Short | Bitget HBARUSDT | 0.09383 | 0.0100 | get 0.0100% / 8h | 4h 03m | $17.1M | $15.3M | 75x |
Deribit HBAR_USDC-PERPETUAL
Bitget HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$38.43
- Price spread: −0.096% → −0.078%
- −$1.82
- Slippage, 4 orders
- −$22.67
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$81.92
- Costs to cover
- 0.417%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 55 min ago; Bitget: live order book, 5 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, 55 min ago | 4.88 bp | 8.4 bp −$8 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.06 bp | 10.1 bp −$10 | 14.3 bp −$143 | 57.6 bp −$5,759 | 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 | 0.09392 | +0.001% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09385 | −0.070% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.171% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0040% | 8h | 0.09379 | −0.138% | $7.1M | $7.3M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09394 | +0.021% | $233K | $2.2M | 50x | as long as short |
| Gate HBAR_USDT | +0.0076% | 8h | 0.09383 | −0.096% | $2.4M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09384 | −0.085% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09389 | −0.032% | $569K | $599K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09401 | +0.092% | $9.5M | $3.2M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09385 | −0.072% | $214K | $328K | 50x | 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 HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09392 | +0.001% | $34.7M | $108.4M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09384 | −0.085% | $33.1M | $34.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09400 | +0.085% | $6.7M | $25.5M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09381 | −0.117% | $26.1M | $19.9M | 200x | as long as short |
| Bitget HBARUSDTshort | +0.0100% | 8h | 0.09383 | −0.096% | $17.1M | $15.3M | 75x | |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09381 | −0.117% | — | $6.4M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09394 | +0.021% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09372 | −0.214% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09426 | +0.360% | $379K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09428 | +0.383% | $153K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09389 | −0.032% | $436 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09389 | −0.032% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09393 | +0.011% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09378 | −0.148% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09395 | +0.032% | $1.5M | $5.5M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0283% | 1h | 0.09392 | long leg | $517K | $186K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09386 | −0.065% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0386% | 1h | 0.09397 | +0.055% | $1.3M | $2.8M | 50x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
BingX HBAR-USDT
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