Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.140%
Price spread now: Coinbase International against Kraken Futures+0.003%7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.003%, 7d avg −0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.064% dearer against Kraken Futures than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09324 | 0.0057 | pay 0.0007% / 1h | 55m 51s | $1.4M | $2.3M | 50x |
| Short | Coinbase International HBAR-PERP-INTX | 0.09324 | 0.0056 | get 0.0007% / 1h | 55m 51s | $223K | $2.2M | 50x |
Kraken Futures PF_HBARUSD
Coinbase International HBAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$0.25
- Price spread: +0.003% → −0.061%
- $6.45
- Slippage, 4 orders
- −$38.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$52.78
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago | 7.50 bp | 14.1 bp −$14 | 24.8 bp −$248 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.21 bp | 13.2 bp −$13 | 18.3 bp −$183 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0206% | 8h | 0.09316 | −0.082% | $2.4M | $3.3M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0071% | 8h | 0.09316 | −0.082% | $7.4M | $7.9M | 75x | as long as short |
| Phemex HBARUSDT | −0.0044% | 8h | 0.09317 | −0.072% | $2.2M | $2.2M | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09336 | +0.135% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09320 | −0.035% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.608% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTXshort | +0.0056% | 1h | 0.09324 | +0.003% | $223K | $2.2M | 50x | |
| Kraken Futures PF_HBARUSDlong | +0.0057% | 1h | 0.09324 | long leg | $1.4M | $2.3M | 50x | |
| Variational Omni HBAR | +0.0077% | 8h | 0.09324 | +0.006% | $1.0M | $202K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0079% | 8h | 0.09313 | −0.115% | $2K | $17K | 10x | as long as short |
Gate HBAR_USDT
KuCoin HBARUSDTM
Phemex HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Variational Omni HBAR
Orderly PERP_HBAR_USDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0086% | 8h | 0.09315 | −0.091% | $35.1M | $109.9M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0086% | 8h | 0.09321 | −0.029% | $26.0M | $22.1M | 200x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09318 | −0.061% | $52K | $213K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09315 | −0.093% | $571K | $547K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09332 | +0.091% | $8.9M | $2.9M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09321 | −0.028% | $213K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09312 | −0.125% | $33.1M | $36.6M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09314 | −0.104% | $6.9M | $25.4M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09323 | −0.007% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09316 | −0.082% | — | $5.9M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09317 | −0.072% | $37K | $103K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09337 | +0.143% | $383K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09335 | +0.121% | $149K | $710K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09315 | −0.093% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09328 | +0.046% | $74K | $59K | 20x | as long as short |
| BloFin HBAR-USDT | +0.0206% | 8h | 0.09346 | +0.239% | $1.5M | $5.9M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0394% | 1h | 0.09324 | +0.003% | $513K | $166K | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0490% / S −0.0555% | 1h | 0.09316 | −0.077% | $116K | — | 100x | as long as short |
Binance HBARUSDT
MEXC HBAR_USDT
Extended HBAR-USD
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
GMX HBAR/USD [WBTC.b-USDC]