Funding you earn now, next payment 01:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.127%
Price spread now: Kraken Futures against Gate+0.173%51s7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as 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−$570.574% of the position
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.173%, 7d avg +0.080%
=The price spread pays, funding is against you. Kraken Futures is 0.093% dearer against Gate than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.080%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.222%, so the current rate has only just turned against you. The two prices were read 51 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 | 0.09343 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $2.4M | $3.4M | 75x |
| Short | Kraken Futures PF_HBARUSD | 0.09359 | 0.0057 | get 0.0007% / 1h | 11m 23s | $1.4M | $2.4M | 50x |
Gate HBAR_USDT
Kraken Futures PF_HBARUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$9.04
- Price spread: +0.173% → +0.080%
- $9.32
- Slippage, 4 orders
- −$32.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$57.16
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Gate: 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 Gate live order book, 2 min ago | 3.74 bp | 14.3 bp −$14 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 4.80 bp | 10.6 bp −$11 | 17.7 bp −$177 | 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 | −0.0081% | 8h | 0.09346 | +0.032% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09357 | +0.147% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09362 | +0.203% | $515K | $168K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09346 | +0.032% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.813% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09369 | +0.278% | $229K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0057% | 1h | 0.09359 | +0.173% | $1.4M | $2.4M | 50x | |
| Variational Omni HBAR | +0.0068% | 8h | 0.09340 | −0.033% | $1.0M | $191K | — | as long as short |
| ApeX Omni HBARUSDT | +0.0074% | 1h | 0.09344 | +0.011% | $149K | $727K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09337 | −0.064% | $2K | $17K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
ApeX Omni HBARUSDT
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09344 | +0.011% | $27.3M | $22.6M | 200x | as long as short |
| Binance HBARUSDT | +0.0077% | 8h | 0.09342 | −0.009% | $35.1M | $106.1M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09340 | −0.029% | $53K | $277K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09348 | +0.054% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09356 | +0.142% | $9.0M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09353 | +0.111% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09339 | −0.043% | $33.3M | $35.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09340 | −0.032% | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDTlong | +0.0100% | 8h | 0.09343 | long leg | $2.4M | $3.4M | 75x | |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09338 | −0.054% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09343 | 0.000% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09352 | +0.096% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09370 | +0.294% | $376K | $2.2M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09353 | +0.107% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09380 | +0.396% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09351 | +0.086% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0196% | 8h | 0.09357 | +0.150% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09345 | +0.016% | $118K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]