Funding you earn now, next payment 22:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.135%
Price spread now: Bybit against Kraken Futures+0.110%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.110%, 7d avg −0.102%
=The price spread pays, funding is against you. Bybit is 0.211% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.102%): +$21 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.273% in total) that is about 5.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09209 | 0.0383 | pay 0.0048% / 1h | 27m 44s | $1.4M | $2.4M | 50x |
| Short | Bybit HBARUSDT | 0.09219 | 0.0100 | get 0.0100% / 8h | 2h 27m | $33.0M | $37.0M | 75x |
Kraken Futures PF_HBARUSD
Bybit HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$59.43
- Price spread: +0.110% → −0.102%
- $21.15
- Slippage, 4 orders
- −$24.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.54
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bybit: live order book, 1 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 | 5.43 bp | 12.6 bp −$13 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.54 bp | 10.6 bp −$11 | 22.8 bp −$228 | 78.3 bp −$7,828 | 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 | −0.0035% | 8h | 0.09219 | +0.110% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0029% | 8h | 0.09215 | +0.066% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09203 | −0.064% | $507K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09198 | −0.117% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0050% | 8h | 0.09187 | −0.237% | $1.0M | $197K | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0053% | 1h | 0.09214 | +0.055% | $31K | $102K | 15x | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09217 | +0.089% | $51K | $210K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0057% | 8h | 0.09220 | +0.121% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0059% | 8h | 0.09220 | +0.121% | $34.7M | $110.7M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09200 | −0.097% | $220K | $2.2M | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Backpack HBAR_USDC_PERP
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
Coinbase International HBAR-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09195 | −0.151% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09219 | +0.110% | $566K | $590K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09234 | +0.277% | $8.8M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09219 | +0.106% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09219 | +0.110% | $33.0M | $37.0M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09220 | +0.121% | $6.9M | $24.7M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09220 | +0.121% | $17.0M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09217 | +0.088% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09190 | −0.205% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09193 | −0.173% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09205 | −0.042% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09211 | +0.023% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09205 | −0.042% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0177% | 8h | 0.09187 | −0.238% | $1.4M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.023% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0383% | 1h | 0.09209 | long leg | $1.4M | $2.4M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09196 | −0.137% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3979% | 1h | 0.09221 | +0.127% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD