Funding you earn now, next payment 21:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.023%
Price spread now: Coinbase International against Gate+0.251%50s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−0.402%−$40 · spread now +0.251%, 7d avg +0.018%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.232% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HBAR_USDT | 0.09178 | −0.0020 | get 0.0020% / 8h | 2h 52m | $2.4M | $3.5M | 75x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09201 | 0.0072 | get 0.0009% / 1h | 52m 17s | $221K | $2.2M | 50x |
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $19.32
- Price spread: +0.251% → +0.018%
- $23.23
- Slippage, 4 orders
- −$36.03
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.48
- Costs to cover
- 0.610%
- Break-even
- 13.7 days
Slippage from Gate: live order book, 6 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 Gate live order book, 6 min ago | 2.72 bp | 16.6 bp −$17 | 42.7 bp −$427 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 2.72 bp | 14.0 bp −$14 | 17.8 bp −$178 | 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 | −0.0028% | 8h | 0.09170 | −0.087% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDTlong | −0.0020% | 8h | 0.09178 | long leg | $2.4M | $3.5M | 75x | |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09198 | +0.218% | $506K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09185 | +0.080% | $8K | — | 150x | as long as short |
| Extended HBAR-USD | +0.0048% | 1h | 0.09176 | −0.021% | $51K | $210K | 10x | as long as short |
| Variational Omni HBAR | +0.0051% | 8h | 0.09200 | +0.245% | $1.0M | $201K | — | as long as short |
| MEXC HBAR_USDT | +0.0051% | 8h | 0.09179 | +0.011% | $24.1M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0052% | 8h | 0.09181 | +0.033% | $34.6M | $111.5M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0072% | 1h | 0.09201 | +0.251% | $221K | $2.2M | 50x | |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09179 | +0.011% | $3K | $17K | 10x | as long as short |
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Extended HBAR-USD
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
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 | 0.09178 | 0.000% | $564K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09190 | +0.133% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09178 | 0.000% | $215K | $451K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09182 | +0.044% | $32.9M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09182 | +0.044% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09177 | −0.011% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09182 | +0.044% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09191 | +0.142% | $31K | $101K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09208 | +0.324% | $373K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09192 | +0.153% | $147K | $702K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09187 | +0.098% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09203 | +0.272% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09191 | +0.142% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0172% | 8h | 0.09186 | +0.087% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.360% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0384% | 1h | 0.09197 | +0.204% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09186 | +0.082% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.5130% | 1h | 0.09181 | +0.038% | $30K | $4K | 5x | as long as short |
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
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD