Funding you earn now, next payment 05:00 UTC−0.0257%/8h= −28.2% APRpaid last 24h −0.090%
Price spread now: Bitget against Kraken Futures−0.038%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.038%, 7d avg −0.085%
=The price spread pays, funding is against you. Bitget is 0.047% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.085%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.200% in total) that is about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09404 | 0.0357 | pay 0.0045% / 1h | 59m 23s | $1.3M | $2.8M | 50x |
| Short | Bitget HBARUSDT | 0.09400 | 0.0100 | get 0.0100% / 8h | 3h 59m | $17.2M | $15.2M | 75x |
Kraken Futures PF_HBARUSD
Bitget HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$54.04
- Price spread: −0.038% → −0.085%
- $4.67
- Slippage, 4 orders
- −$31.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$102.39
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Bitget: 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 | 6.91 bp | 14.5 bp −$15 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.53 bp | 8.6 bp −$9 | 20.4 bp −$204 | 56.2 bp −$5,623 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09395 | −0.094% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09400 | −0.033% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.293% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0049% | 8h | 0.09400 | −0.038% | $7.1M | $7.3M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0069% | 1h | 0.09405 | +0.015% | $518K | $186K | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09385 | −0.198% | $233K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09399 | −0.049% | $2K | $14K | 10x | as long as short |
| Gate HBAR_USDT | +0.0091% | 8h | 0.09398 | −0.059% | $2.4M | $2.7M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09395 | −0.091% | $567K | $599K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09405 | +0.020% | $215K | $328K | 50x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Gate HBAR_USDT
Lighter HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09400 | −0.036% | $34.9M | $108.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09400 | −0.038% | $33.2M | $34.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09400 | −0.038% | $6.7M | $25.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09400 | −0.038% | $26.2M | $19.3M | 200x | as long as short |
| Bitget HBARUSDTshort | +0.0100% | 8h | 0.09400 | −0.038% | $17.2M | $15.2M | 75x | |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09400 | −0.038% | — | $6.4M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09386 | −0.187% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09412 | +0.088% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09415 | +0.118% | $378K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09415 | +0.121% | $152K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09398 | −0.059% | $436 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09405 | +0.015% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09401 | −0.027% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09397 | −0.070% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09400 | −0.038% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09400 | −0.037% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0357% | 1h | 0.09404 | long leg | $1.3M | $2.8M | 50x | |
| Hyperliquid HBAR | +0.0563% | 1h | 0.09418 | +0.153% | $9.5M | $3.2M | 5x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Hyperliquid HBAR