Funding you earn now, next payment 09:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.058%
Price spread now: Deribit against Kraken Futures+0.010%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.010%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.253%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09760 | 0.0278 | pay 0.0035% / 1h | 3m 10s | $1.4M | $3.4M | 50x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09761 | 0.0365 | get 0.0046% / 1h | 3m 10s | $538K | $191K | 50x |
Kraken Futures PF_HBARUSD
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $18.29
- Price spread: +0.010% → −0.005%
- $1.45
- Slippage, 4 orders
- −$34.21
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$31.47
- Costs to cover
- 0.512%
- Break-even
- 19.0 days
Slippage from Kraken Futures: live order book, 6 min ago; Deribit: live order book, 31 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, 6 min ago | 8.27 bp | 16.6 bp −$17 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 31 min ago | 6.26 bp | 9.8 bp −$10 | 16.8 bp −$168 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09754 | −0.065% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09716 | −0.451% | $1K | $98K | 12x | as long as short |
| Phemex HBARUSDT | +0.0069% | 8h | 0.09750 | −0.103% | $2.4M | $3.1M | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09760 | 0.000% | $249K | $2.9M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0088% | 8h | 0.09752 | −0.082% | $1K | $11K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09759 | −0.011% | $589K | $617K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09760 | −0.005% | $233K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09746 | −0.140% | $37.1M | $115.3M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09752 | −0.082% | $34.3M | $37.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09757 | −0.031% | $6.9M | $27.9M | 50x | as long as short |
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Phemex HBARUSDT
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | +0.0100% | 8h | 0.09757 | −0.031% | $2.5M | $3.0M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09757 | −0.031% | $27.7M | $21.0M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09757 | −0.031% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09755 | −0.052% | $18.4M | $17.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09753 | −0.072% | — | $6.8M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09754 | −0.062% | $38K | $199K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09650 | −1.128% | $1.1M | $171K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09727 | −0.343% | $400K | $3.5M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09673 | −0.892% | $156K | $698K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09759 | −0.011% | $453 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09779 | +0.194% | $75K | $74K | 20x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09752 | −0.077% | $53K | $307K | 10x | as long as short |
| Hyperliquid HBAR | +0.0131% | 1h | 0.09765 | +0.054% | $9.2M | $4.0M | 5x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09763 | +0.030% | $1.6M | $6.1M | 90x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0278% | 1h | 0.09760 | long leg | $1.4M | $3.4M | 50x | |
| Deribit HBAR_USDC-PERPETUALshort | +0.0365% | 1h | 0.09761 | +0.010% | $538K | $191K | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0375% / S −0.0376% | 1h | 0.09753 | −0.077% | $80K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.1838% | 1h | 0.09762 | +0.025% | $39K | $18K | 5x | as long as short |
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Extended HBAR-USD
Hyperliquid HBAR
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD