Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h +0.001%
Price spread now: Bybit against Deribit−0.011%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.011%, 7d avg −0.094%
=The price spread pays, funding is against you. Bybit is 0.083% dearer against Deribit than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.094%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.004% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09190 | 0.0185 | pay 0.0023% / 1h | 36m 01s | $506K | $150K | 50x |
| Short | Bybit HBARUSDT | 0.09189 | 0.0100 | get 0.0100% / 8h | 2h 36m | $32.9M | $37.0M | 75x |
Deribit HBAR_USDC-PERPETUAL
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$17.85
- Price spread: −0.011% → −0.094%
- $8.27
- Slippage, 4 orders
- −$15.01
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.59
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 52 min ago; Bybit: live order book, 3 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, 52 min ago | 2.72 bp | 7.3 bp −$7 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.55 bp | 9.4 bp −$9 | 24.0 bp −$240 | 76.9 bp −$7,689 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0041% | 8h | 0.09183 | −0.076% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0037% | 8h | 0.09186 | −0.044% | $2.4M | $3.5M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09184 | −0.063% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0031% | 1h | 0.09192 | +0.022% | $31K | $101K | 15x | as long as short |
| Variational Omni HBAR | +0.0046% | 8h | 0.09187 | −0.038% | $1.0M | $198K | — | as long as short |
| MEXC HBAR_USDT | +0.0052% | 8h | 0.09186 | −0.044% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0053% | 8h | 0.09188 | −0.027% | $34.6M | $110.5M | 75x | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09179 | −0.118% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09187 | −0.033% | $221K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09179 | −0.120% | $2K | $18K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter HBAR | +0.0096% | 1h | 0.09186 | −0.044% | $564K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09201 | +0.116% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09181 | −0.098% | $210K | $428K | 50x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09189 | −0.011% | $32.9M | $37.0M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09189 | −0.011% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09190 | 0.000% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09188 | −0.022% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09194 | +0.048% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09195 | +0.054% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09180 | −0.109% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09186 | −0.044% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09187 | −0.033% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0172% | 8h | 0.09173 | −0.185% | $1.5M | $5.6M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0185% | 1h | 0.09190 | long leg | $506K | $150K | 50x | |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.229% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09189 | −0.011% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0366% | 1h | 0.09184 | −0.063% | $112K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3422% | 1h | 0.09180 | −0.112% | $30K | $4K | 5x | as long as short |
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD