Funding you earn now, next payment 06:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.090%
Price spread now: OKX against Kraken Futures−0.205%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.205%, 7d avg −0.109%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.096% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.109%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HBARUSD | 0.09182 | 0.0247 | pay 0.0031% / 1h | 33m 41s | $1.3M | $3.0M | 50x |
| Short | OKX HBAR-USDT-SWAP | 0.09163 | 0.0100 | get 0.0100% / 8h | 2h 33m | $6.5M | $25.1M | 50x |
Kraken Futures PF_HBARUSD
OKX HBAR-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$30.96
- Price spread: −0.205% → −0.109%
- −$9.64
- Slippage, 4 orders
- −$27.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$88.53
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 7.05 bp | 13.3 bp −$13 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.54 bp | 10.6 bp −$11 | 22.6 bp −$226 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack HBAR_USDC_PERP | −0.0195% | 1h | 0.09178 | −0.042% | $32K | $203K | 15x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09167 | −0.167% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09185 | +0.035% | $506K | $192K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09183 | +0.012% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +1.091% | $1K | $103K | 12x | as long as short |
| ApeX Omni HBARUSDT | +0.0072% | 1h | 0.09207 | +0.274% | $150K | $709K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09175 | −0.074% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09230 | +0.525% | $220K | $2.3M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09162 | −0.216% | $553K | $611K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09171 | −0.121% | $8.6M | $3.6M | 5x | as long as short |
Backpack HBAR_USDC_PERP
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
ApeX Omni HBARUSDT
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBARShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HBARUSDT | +0.0100% | 8h | 0.09168 | −0.147% | $197K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09160 | −0.238% | $33.7M | $111.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09165 | −0.183% | $32.0M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAPshort | +0.0100% | 8h | 0.09163 | −0.205% | $6.5M | $25.1M | 50x | |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09163 | −0.205% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09161 | −0.227% | $25.0M | $19.5M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09167 | −0.161% | $7.3M | $7.5M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09164 | −0.194% | $16.9M | $15.8M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09164 | −0.194% | — | $6.7M | — | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09199 | +0.188% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09202 | +0.219% | $372K | $2.9M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09178 | −0.042% | $426 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09220 | +0.416% | $70K | $69K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09180 | −0.020% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09157 | −0.265% | $47K | $230K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09215 | +0.361% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0247% | 1h | 0.09182 | long leg | $1.3M | $3.0M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0615% / S −0.0663% | 1h | 0.09182 | +0.004% | $156K | — | 100x | as long as short |
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDT
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Variational Omni HBAR
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]