Funding you earn now, next payment 09:00 UTC−0.0250%/8h= −27.3% APRnext payment −$0.31 per $10,000 · paid last 24h −0.217%
Price spread now: Injective against Kraken Futures−3.202%7-day average −0.183% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.020%−$102 on $10k
+Price spread, last 4 days (all we have)+2.732%+$273 · spread now −3.202%, 7d avg −0.183%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 3.018% cheaper against Kraken Futures than usual: you would sell low and buy high (−$302 if the spread goes back to its 7-day average of −0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09589 | 0.0283 | pay 0.0035% / 1h | 52m 35s | $1.4M | $3.0M | 50x |
| Short | Injective HBAR/USDC PERP | 0.09282 | 0.0033 | get 0.0004% / 1h | 52m 35s | $1K | $96K | 12x |
Kraken Futures PF_HBARUSD
Injective HBAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$52.4
- Price spread: −3.202% → −0.183%
- −$301.83
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$364.25
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 | 3.66 bp | 24.9 bp −$25 | 28.9 bp −$289 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.09524 | −0.673% | $11K | — | 150x | as long as short |
| dYdX HBAR-USD | +0.0011% | 1h | 0.09561 | −0.296% | $31K | $11K | 5x | as long as short |
| Injective HBAR/USDC PERPshort | +0.0033% | 1h | 0.09282 | −3.202% | $1K | $96K | 12x | |
| Orderly PERP_HBAR_USDC | +0.0083% | 8h | 0.09574 | −0.156% | $2K | $12K | 10x | as long as short |
| Phemex HBARUSDT | +0.0086% | 8h | 0.09570 | −0.198% | $2.3M | $2.6M | 50x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09582 | −0.073% | $228K | $2.6M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09552 | −0.386% | $574K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09561 | −0.291% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09565 | −0.249% | $206K | $337K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09561 | −0.292% | $35.8M | $113.6M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
dYdX HBAR-USD
Orderly PERP_HBAR_USDC
Phemex HBARUSDT
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HBARUSDT | +0.0100% | 8h | 0.09563 | −0.271% | $33.2M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09573 | −0.167% | $6.8M | $26.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09566 | −0.240% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09562 | −0.282% | $26.6M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09565 | −0.250% | $7.6M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09568 | −0.219% | $17.5M | $17.0M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09569 | −0.209% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09572 | −0.177% | $39K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09504 | −0.887% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09502 | −0.902% | $386K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09506 | −0.866% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09575 | −0.146% | $444 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09545 | −0.459% | $73K | $74K | 20x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09565 | −0.246% | $49K | $308K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09576 | −0.136% | $1.6M | $5.9M | 90x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0283% | 1h | 0.09589 | long leg | $1.4M | $3.0M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0368% / S −0.0265% | 1h | 0.09575 | −0.143% | $87K | — | 100x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0481% | 1h | 0.09585 | −0.042% | $528K | $177K | 50x | as long as short |
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
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
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Deribit HBAR_USDC-PERPETUAL