Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.133%
Price spread now: BingX against Kraken Futures−0.163%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$600.595% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 3 days (all we have)+0.165%+$16 · spread now −0.163%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.067% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.095%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09279 | 0.0193 | pay 0.0024% / 1h | 32m 08s | $1.4M | $2.2M | 50x |
| Short | BingX HBAR-USDC | 0.09264 | 0.0100 | get 0.0100% / 8h | 1h 32m | — | $6.7M | — |
Kraken Futures PF_HBARUSD
BingX HBAR-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$19.59
- Price spread: −0.163% → −0.095%
- −$6.71
- Slippage, 4 orders
- −$39.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$85.81
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; BingX: 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 Kraken Futures live order book, 1 min ago | 7.00 bp | 15.4 bp −$15 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 1.08 bp | 17.8 bp −$18 | 69.9 bp −$699 | 457.0 bp −$45.7K | 987.5 bp −$493.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0153% | 1h | 0.09267 | −0.130% | $1K | $112K | 12x | as long as short |
| Gate HBAR_USDT | −0.0018% | 8h | 0.09269 | −0.109% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0013% | 8h | 0.09266 | −0.141% | $7.4M | $7.9M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09282 | +0.035% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09274 | −0.055% | $511K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09272 | −0.082% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09273 | −0.066% | $222K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0064% | 8h | 0.09290 | +0.122% | $1.0M | $197K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09266 | −0.141% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0092% | 8h | 0.09271 | −0.087% | $26.0M | $22.6M | 200x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
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_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0093% | 8h | 0.09268 | −0.117% | $34.8M | $110.6M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09268 | −0.119% | $569K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09265 | −0.150% | $51K | $218K | 10x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09278 | −0.013% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09270 | −0.093% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09269 | −0.109% | $33.0M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09258 | −0.227% | $6.8M | $25.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09260 | −0.206% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDCshort | +0.0100% | 8h | 0.09264 | −0.163% | — | $6.7M | — | |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09266 | −0.141% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09294 | +0.158% | $376K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09298 | +0.204% | $149K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09268 | −0.119% | $430 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09294 | +0.161% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09271 | −0.087% | $2.2M | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0193% | 1h | 0.09279 | long leg | $1.4M | $2.2M | 50x | |
| BloFin HBAR-USDT | +0.0213% | 8h | 0.09278 | −0.012% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0448% / S −0.0478% | 1h | 0.09271 | −0.087% | $104K | — | 100x | as long as short |
Binance HBARUSDT
Lighter HBAR
Extended HBAR-USD
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]