Funding you earn now, next payment 02:00 UTC−0.0141%/8h= −15.4% APRpaid last 24h −0.005%
Price spread now: Gate against Deribit−0.174%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.174%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.105% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09195 | 0.0185 | pay 0.0023% / 1h | 31m 00s | $506K | $154K | 50x |
| Short | Gate HBAR_USDT | 0.09179 | 0.0044 | get 0.0044% / 8h | 6h 31m | $2.4M | $3.0M | 75x |
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$29.61
- Price spread: −0.174% → −0.069%
- −$10.46
- Slippage, 4 orders
- −$28.37
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$90.44
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 38 min ago; Gate: live order book, 2 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, 38 min ago | 4.28 bp | 8.8 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.80 bp | 20.0 bp −$20 | 62.4 bp −$624 | doesn't fit | doesn't fit |
HBAR on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0102% | 1h | 0.09212 | +0.185% | $147K | $723K | 50x | as long as short |
| KuCoin HBARUSDTM | −0.0070% | 8h | 0.09187 | −0.087% | $7.1M | $7.4M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09199 | +0.045% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09191 | −0.048% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.946% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDTshort | +0.0044% | 8h | 0.09179 | −0.174% | $2.4M | $3.0M | 75x | |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09193 | −0.022% | $222K | $2.1M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0069% | 1h | 0.09193 | −0.023% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0071% | 8h | 0.09192 | −0.032% | $1.0M | $186K | — | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09185 | −0.113% | $47K | $278K | 10x | as long as short |
ApeX Omni HBARUSDT
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Extended HBAR-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09187 | −0.087% | $26.1M | $21.9M | 200x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0072% | 8h | 0.09191 | −0.042% | $368K | $2.2M | 10x | as long as short |
| Binance HBARUSDT | +0.0073% | 8h | 0.09188 | −0.076% | $34.2M | $104.7M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0074% | 8h | 0.09186 | −0.098% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09186 | −0.098% | $559K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09193 | −0.017% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09187 | −0.088% | $210K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09187 | −0.087% | $32.6M | $34.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09190 | −0.054% | $6.7M | $24.4M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09182 | −0.141% | $17.0M | $15.0M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09184 | −0.120% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09185 | −0.109% | $32K | $123K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09187 | −0.087% | $426 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09215 | +0.218% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09189 | −0.065% | $2.1M | $2.2M | 50x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0185% | 1h | 0.09195 | long leg | $506K | $154K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0486% / S −0.0549% | 1h | 0.09191 | −0.048% | $114K | — | 100x | as long as short |
MEXC HBAR_USDT
GRVT HBAR_USDT_Perp
Binance HBARUSDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]