Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.125%
Price spread now: Binance against Kraken Futures−0.017%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.017%, 7d avg −0.095%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.078% dearer against Kraken Futures than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.095%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09240 | 0.0069 | pay 0.0009% / 1h | 24m 12s | $1.4M | $2.4M | 50x |
| Short | Binance HBARUSDT | 0.09238 | 0.0075 | get 0.0075% / 8h | 6h 24m | $34.3M | $104.5M | 75x |
Kraken Futures PF_HBARUSD
Binance HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $1.22
- Price spread: −0.017% → −0.095%
- $7.78
- Slippage, 4 orders
- −$22.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$33.01
- Costs to cover
- 0.420%
- Break-even
- 195.8 days
Slippage from Kraken Futures: live order book, 4 min ago; Binance: 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 Kraken Futures live order book, 4 min ago | 6.49 bp | 13.5 bp −$13 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.54 bp | 7.5 bp −$8 | 19.7 bp −$197 | 59.7 bp −$5,965 | doesn't fit |
HBAR on 27 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 | −0.0066% | 8h | 0.09237 | −0.028% | $7.2M | $7.4M | 75x | as long as short |
| ApeX Omni HBARUSDT | −0.0059% | 1h | 0.09215 | −0.266% | $147K | $723K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09248 | +0.091% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09234 | −0.064% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.459% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0054% | 8h | 0.09233 | −0.071% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09239 | −0.006% | $218K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0066% | 8h | 0.09236 | −0.039% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0069% | 1h | 0.09240 | long leg | $1.4M | $2.4M | 50x | |
| Extended HBAR-USD | +0.0072% | 1h | 0.09228 | −0.126% | $47K | $278K | 10x | as long as short |
KuCoin HBARUSDTM
ApeX Omni HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Extended HBAR-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0073% | 8h | 0.09241 | +0.016% | $26.1M | $22.0M | 200x | as long as short |
| Binance HBARUSDTshort | +0.0075% | 8h | 0.09238 | −0.017% | $34.3M | $104.5M | 75x | |
| Orderly PERP_HBAR_USDC | +0.0075% | 8h | 0.09229 | −0.114% | $2K | $17K | 10x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0075% | 1h | 0.09237 | −0.028% | $509K | $153K | 50x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0088% | 8h | 0.09236 | −0.040% | $379K | $2.2M | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09234 | −0.060% | $561K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09243 | +0.036% | $8.8M | $2.7M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09234 | −0.064% | $211K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09238 | −0.017% | $32.8M | $34.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09241 | +0.016% | $6.7M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09239 | −0.006% | $17.1M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09232 | −0.082% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09247 | +0.080% | $32K | $120K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09232 | −0.082% | $429 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09252 | +0.135% | $71K | $66K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09231 | −0.093% | $2.1M | $2.2M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0487% / S −0.0549% | 1h | 0.09231 | −0.087% | $114K | — | 100x | as long as short |
MEXC HBAR_USDT
Orderly PERP_HBAR_USDC
Deribit HBAR_USDC-PERPETUAL
GRVT HBAR_USDT_Perp
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
GMX HBAR/USD [WBTC.b-USDC]