Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.001%
Price spread now: Phemex against Deribit−0.033%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.033%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.035% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09129 | 0.0079 | pay 0.0010% / 1h | 47m 12s | $503K | $169K | 50x |
| Short | Phemex HBARUSDT | 0.09126 | 0.0100 | get 0.0100% / 8h | 4h 47m | $2.1M | $2.1M | 50x |
Deribit HBAR_USDC-PERPETUAL
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $4.41
- Price spread: −0.033% → −0.068%
- $3.55
- Slippage, 4 orders
- −$39.48
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$50.53
- Costs to cover
- 0.585%
- Break-even
- 87.2 days
Slippage from Deribit: live order book, 12 min ago; Phemex: 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, 12 min ago | 4.88 bp | 8.4 bp −$8 | 222.4 bp −$2,224 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 4.93 bp | 22.6 bp −$23 | 38.9 bp −$389 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09139 | +0.106% | $30K | $4K | 5x | as long as short |
| KuCoin HBARUSDTM | +0.0003% | 8h | 0.09128 | −0.011% | $7.1M | $7.2M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09132 | +0.028% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.676% | $1K | $105K | 12x | as long as short |
| Gate HBAR_USDT | +0.0047% | 8h | 0.09130 | +0.011% | $2.4M | $2.8M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09132 | +0.033% | $218K | $2.1M | 50x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0068% | 1h | 0.09132 | +0.033% | $36K | $168K | 15x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | +0.0079% | 1h | 0.09129 | long leg | $503K | $169K | 50x | |
| Variational Omni HBAR | +0.0079% | 8h | 0.09143 | +0.152% | $1.0M | $187K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09121 | −0.088% | $2K | $14K | 10x | as long as short |
dYdX HBAR-USD
KuCoin HBARUSDTM
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Backpack HBAR_USDC_PERP
Variational Omni HBAR
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 | 0.09124 | −0.055% | $554K | $595K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09139 | +0.112% | $209K | $318K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09130 | +0.011% | $33.6M | $105.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09131 | +0.022% | $32.3M | $33.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09133 | +0.044% | $6.5M | $24.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09131 | +0.022% | $25.5M | $19.5M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09131 | +0.022% | $16.8M | $15.1M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09136 | +0.077% | — | $6.2M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09113 | −0.178% | $365K | $2.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09119 | −0.110% | $145K | $716K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09126 | −0.033% | $424 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09149 | +0.219% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09126 | −0.033% | $2.1M | $2.1M | 50x | |
| Extended HBAR-USD | +0.0104% | 1h | 0.09126 | −0.029% | $52K | $278K | 10x | as long as short |
| Hyperliquid HBAR | +0.0105% | 1h | 0.09145 | +0.180% | $8.6M | $2.7M | 5x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09133 | +0.044% | $1.4M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0345% / S −0.0242% | 1h | 0.09131 | +0.027% | $79K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0397% | 1h | 0.09131 | +0.024% | $1.4M | $2.6M | 50x | as long as short |
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Hyperliquid HBAR
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD