Funding arb · Price arb /

HBAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.412%

Price spread now: BloFin against dYdX−0.126%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.126% cheaper against dYdX than usual: you would sell low and buy high (spread −0.126% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 46 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HBAR-USD	0.09311	0	get 0.0000% / 1h	48m 13s	$30K	$4K	5x
Short	BloFin HBAR-USDT	0.09299	0.0220	get 0.0220% / 8h	48m 13s	$1.4M	$5.8M	90x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BloFinbpOrdersPrice spread, now −0.126%Rate

Funding earned: $46.2
Price spread: −0.126% → 0.000%: −$12.56
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.64
Costs to cover: 0.220%
Break-even: 5.2 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	12.36 bp	18.8 bp −$19	23.2 bp −$232	48.6 bp −$4,865	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.09299	−0.126%	$7.4M	$7.8M	75x	as long as short
Gate HBAR_USDT	−0.0002%	8h	0.09305	−0.061%	$2.4M	$3.6M	75x	as long as short
dYdX HBAR-USDlong	0.0000%	1h	0.09311	long leg	$30K	$4K	5x
Deribit HBAR_USDC-PERPETUAL	0.0000%	1h	0.09306	−0.050%	$512K	$166K	50x	as long as short
gTrade (Gains Network) HBAR/USD	L +0.0007% / S −0.0014%	1h	0.09304	−0.068%	$8K	—	150x	as long as short
Coinbase International HBAR-PERP-INTX	+0.0064%	1h	0.09300	−0.115%	$223K	$2.2M	50x	as long as short
Orderly PERP_HBAR_USDC	+0.0080%	8h	0.09297	−0.147%	$2K	$17K	10x	as long as short
Variational Omni HBAR	+0.0086%	8h	0.09319	+0.093%	$1.0M	$198K	—	as long as short
Lighter HBAR	+0.0096%	1h	0.09298	−0.136%	$570K	$591K	5x	as long as short
Hyperliquid HBAR	+0.0100%	1h	0.09309	−0.018%	$8.9M	$2.8M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HBARUSDT	+0.0100%	8h	0.09304	−0.069%	$212K	$429K	50x	as long as short
Binance HBARUSDT	+0.0100%	8h	0.09296	−0.158%	$34.9M	$110.1M	75x	as long as short
Bybit HBARUSDT	+0.0100%	8h	0.09298	−0.136%	$33.1M	$36.9M	75x	as long as short
OKX HBAR-USDT-SWAP	+0.0100%	8h	0.09299	−0.126%	$6.9M	$25.2M	50x	as long as short
MEXC HBAR_USDT	+0.0100%	8h	0.09298	−0.136%	$25.9M	$22.1M	200x	as long as short
Bitget HBARUSDT	+0.0100%	8h	0.09298	−0.136%	$17.2M	$14.9M	75x	as long as short
BingX HBAR-USDT	+0.0100%	8h	0.09300	−0.115%	—	$6.0M	—	as long as short
Backpack HBAR_USDC_PERP	+0.0100%	1h	0.09302	−0.093%	$34K	$102K	15x	as long as short
GRVT HBAR_USDT_Perp	+0.0100%	8h	0.09320	+0.100%	$379K	$2.1M	10x	as long as short
ApeX Omni HBARUSDT	+0.0100%	1h	0.09324	+0.143%	$149K	$707K	50x	as long as short
SoDEX HBAR-USD	+0.0100%	1h	0.09299	−0.126%	$432	$6K	5x	as long as short
HTX HBAR-USDT	+0.0100%	8h	0.09324	+0.143%	$73K	$54K	20x	as long as short
Phemex HBARUSDT	+0.0100%	8h	0.09298	−0.136%	$2.2M	$2.2M	50x	as long as short
Extended HBAR-USD	+0.0104%	1h	0.09298	−0.139%	$51K	$218K	10x	as long as short
BloFin HBAR-USDTshort	+0.0220%	8h	0.09299	−0.126%	$1.4M	$5.8M	90x
Injective HBAR/USDC PERP	+0.0242%	1h	0.09267	−0.469%	$1K	$112K	12x	as long as short
Kraken Futures PF_HBARUSD	+0.0412%	1h	0.09305	−0.057%	$1.4M	$2.2M	50x	as long as short
GMX HBAR/USD [WBTC.b-USDC]	L +0.0448% / S −0.0478%	1h	0.09301	−0.101%	$104K	—	100x	as long as short