Funding you earn now, next payment 00:00 UTC+0.0131%/8h= +14.3% APRnext payment +$1.31 per $10,000 · paid last 24h +0.002%
Price spread now: Phemex against Gate−0.064%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$690.687% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.064%, 7d avg +0.004%
=Funding pays, the price is against you. Phemex is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.004%). If the spread goes back, that is −$7 on $10k: about 41 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.034% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HBAR_USDT | 0.09329 | −0.0031 | get 0.0031% / 8h | 3m 11s | $2.4M | $3.6M | 75x |
| Short | Phemex HBARUSDT | 0.09323 | 0.0100 | get 0.0100% / 8h | 3m 11s | $2.2M | $2.2M | 50x |
Gate HBAR_USDT
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $27.51
- Price spread: −0.064% → +0.004%
- −$6.79
- Slippage, 4 orders
- −$41.75
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$48.03
- Costs to cover
- 0.687%
- Break-even
- 19.2 days
Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago | 2.16 bp | 16.1 bp −$16 | 43.1 bp −$431 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.69 bp | 18.9 bp −$19 | doesn't fit | 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 | −0.0074% | 8h | 0.09328 | −0.011% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDTlong | −0.0031% | 8h | 0.09329 | long leg | $2.4M | $3.6M | 75x | |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09328 | −0.007% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09333 | +0.043% | $514K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09329 | +0.004% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09326 | −0.032% | $222K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0076% | 8h | 0.09262 | −0.716% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09323 | −0.064% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0086% | 8h | 0.09331 | +0.021% | $26.1M | $22.5M | 200x | as long as short |
| Binance HBARUSDT | +0.0088% | 8h | 0.09331 | +0.017% | $35.1M | $109.6M | 75x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HBAR-USD | +0.0088% | 1h | 0.09323 | −0.063% | $51K | $218K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09332 | +0.032% | $572K | $592K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09346 | +0.183% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09336 | +0.070% | $213K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09332 | +0.032% | $33.2M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09335 | +0.064% | $6.9M | $25.3M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09334 | +0.054% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09332 | +0.032% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09336 | +0.075% | $34K | $101K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09274 | −0.590% | $381K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09282 | −0.504% | $149K | $709K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09325 | −0.043% | $433 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09344 | +0.161% | $74K | $55K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09323 | −0.064% | $2.2M | $2.2M | 50x | |
| BloFin HBAR-USDT | +0.0208% | 8h | 0.09333 | +0.043% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | −0.665% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0410% | 1h | 0.09333 | +0.046% | $1.4M | $2.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0449% / S −0.0478% | 1h | 0.09329 | +0.002% | $105K | — | 100x | as long as short |
Extended HBAR-USD
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
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]