Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: Coinbase International against Deribit−0.172%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.172%, 7d avg −0.052%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.119% cheaper against Deribit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09329 | 0.0072 | pay 0.0009% / 1h | 52m 40s | $514K | $166K | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09313 | 0.0064 | get 0.0008% / 1h | 52m 40s | $223K | $2.3M | 50x |
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$1.68
- Price spread: −0.172% → −0.052%
- −$11.95
- Slippage, 4 orders
- −$28.03
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$58.65
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 26 min ago; Coinbase International: live order book, 1 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, 26 min ago | 3.24 bp | 6.7 bp −$7 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 3.75 bp | 13.0 bp −$13 | 19.1 bp −$191 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0027% | 8h | 0.09315 | −0.150% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0001% | 8h | 0.09321 | −0.086% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09315 | −0.154% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09326 | −0.029% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0064% | 1h | 0.09313 | −0.172% | $223K | $2.3M | 50x | |
| Deribit HBAR_USDC-PERPETUALlong | +0.0072% | 1h | 0.09329 | long leg | $514K | $166K | 50x | |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09320 | −0.096% | $2K | $17K | 10x | as long as short |
| Variational Omni HBAR | +0.0084% | 8h | 0.09300 | −0.308% | $1.0M | $198K | — | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09311 | −0.193% | $571K | $591K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09326 | −0.029% | $8.9M | $2.8M | 5x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Orderly PERP_HBAR_USDC
Variational Omni HBAR
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 | 0.09323 | −0.061% | $213K | $429K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09310 | −0.204% | $34.9M | $110.2M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09313 | −0.172% | $33.1M | $36.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09309 | −0.214% | $6.9M | $25.2M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09316 | −0.139% | $26.0M | $22.1M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09313 | −0.172% | $17.2M | $15.0M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09320 | −0.096% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09323 | −0.064% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09307 | −0.236% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09301 | −0.300% | $149K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09321 | −0.086% | $433 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09335 | +0.064% | $73K | $54K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09319 | −0.107% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09316 | −0.139% | $51K | $218K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09303 | −0.279% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | −0.665% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0411% | 1h | 0.09330 | +0.010% | $1.4M | $2.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0449% / S −0.0478% | 1h | 0.09325 | −0.044% | $104K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
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
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]