Funding you earn now, next payment 10:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.010%
Price spread now: Coinbase International against GRVT+0.130%76s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as 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−$480.476% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.130%, 7d avg 0.000%
=Together, before fees−0.044%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.130% dearer against GRVT than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of 0.000%. The two prices were read 76 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 | GRVT HBAR_USDT_Perp | 0.09464 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $379K | $3.7M | 10x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09476 | 0.0192 | get 0.0024% / 1h | 58m 10s | $222K | $2.9M | 50x |
GRVT HBAR_USDT_Perp
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against GRVT. 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: +0.130% → 0.000%
- $12.99
- Slippage, 4 orders
- −$28.64
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$15.33
- Costs to cover
- 0.476%
- Break-even
- 12.6 days
Slippage from GRVT: live order book, 4 min ago; Coinbase International: live order book, 4 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 GRVT live order book, 4 min ago | 1.06 bp | 11.9 bp −$12 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.11 bp | 10.1 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
HBAR on 28 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni HBARUSDT | −0.0072% | 1h | 0.09462 | −0.018% | $153K | $702K | 50x | as long as short |
| Injective HBAR/USDC PERP | −0.0072% | 1h | 0.09663 | +2.106% | $5K | $101K | 12x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09472 | +0.087% | $11K | — | 150x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0067% | 1h | 0.09476 | +0.130% | $522K | $209K | 50x | as long as short |
| Gate HBAR_USDT | +0.0084% | 8h | 0.09467 | +0.035% | $2.5M | $2.9M | 75x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0092% | 8h | 0.09468 | +0.046% | $1K | $9K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09469 | +0.056% | $575K | $545K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09470 | +0.066% | $8.7M | $4.3M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09472 | +0.086% | $202K | $375K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09463 | −0.007% | $35.8M | $114.6M | 75x | as long as short |
ApeX Omni HBARUSDT
Injective HBAR/USDC PERP
gTrade (Gains Network) HBAR/USD
Deribit HBAR_USDC-PERPETUAL
Gate HBAR_USDT
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09459 | −0.049% | $33.4M | $37.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09466 | +0.024% | $6.6M | $27.0M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09464 | +0.003% | $27.3M | $20.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09471 | +0.077% | $7.3M | $7.2M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09468 | +0.046% | $17.9M | $18.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09463 | −0.007% | — | $7.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09465 | +0.014% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09449 | −0.152% | $1.0M | $137K | — | as long as short |
| GRVT HBAR_USDT_Perplong | +0.0100% | 8h | 0.09464 | long leg | $379K | $3.7M | 10x | |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09463 | −0.007% | $439 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09480 | +0.172% | $72K | $64K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09466 | +0.024% | $2.5M | $3.3M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09466 | +0.025% | $50K | $307K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0192% | 1h | 0.09476 | +0.130% | $222K | $2.9M | 50x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09482 | +0.194% | $1.6M | $5.8M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0371% | 1h | 0.09482 | +0.189% | $77K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0422% | 1h | 0.09475 | +0.118% | $1.4M | $3.6M | 50x | as long as short |
| dYdX HBAR-USD | +0.2420% | 1h | 0.09474 | +0.106% | $40K | $21K | 5x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD