Funding you earn now, next payment 01:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h +0.124%
Price spread now: Kraken Futures against Deribit−0.008%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.279%+$28 on $10k
+Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.008%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09344 | 0 | get 0.0000% / 1h | 6m 28s | $514K | $167K | 50x |
| Short | Kraken Futures PF_HBARUSD | 0.09343 | 0.0057 | get 0.0007% / 1h | 6m 28s | $1.4M | $2.4M | 50x |
Deribit HBAR_USDC-PERPETUAL
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $11.98
- Price spread: −0.008% → +0.008%
- −$1.57
- Slippage, 4 orders
- −$27.61
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$34.2
- Costs to cover
- 0.446%
- Break-even
- 27.0 days
Slippage from Deribit: live order book, 2 min ago; Kraken Futures: 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, 2 min ago | 4.28 bp | 8.8 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 6.42 bp | 14.7 bp −$15 | 20.3 bp −$203 | 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 | −0.0080% | 8h | 0.09321 | −0.246% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09329 | −0.158% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09344 | long leg | $514K | $167K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09314 | −0.322% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.824% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09345 | +0.011% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0057% | 1h | 0.09343 | −0.008% | $1.4M | $2.4M | 50x | |
| Variational Omni HBAR | +0.0068% | 8h | 0.09340 | −0.043% | $1.0M | $191K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09308 | −0.385% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09312 | −0.342% | $27.2M | $22.6M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0078% | 8h | 0.09307 | −0.396% | $35.0M | $106.0M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09314 | −0.319% | $53K | $277K | 10x | as long as short |
| Gate HBAR_USDT | +0.0093% | 8h | 0.09315 | −0.310% | $2.4M | $3.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09330 | −0.150% | $571K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09327 | −0.183% | $8.9M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09324 | −0.214% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09309 | −0.375% | $33.2M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09311 | −0.353% | $6.9M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09313 | −0.332% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09310 | −0.364% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09339 | −0.054% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09351 | +0.076% | $375K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09353 | +0.096% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09336 | −0.086% | $433 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09355 | +0.118% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09336 | −0.086% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0198% | 8h | 0.09339 | −0.054% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0562% | 1h | 0.09313 | −0.326% | $117K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Gate HBAR_USDT
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]