Funding you earn now, next payment 02:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.104%
Price spread now: Phemex against Kraken Futures−0.048%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.048%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phemex is 0.028% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.194%, 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 | 0.09193 | 0.0069 | pay 0.0009% / 1h | 0m 12s | $1.4M | $2.5M | 50x |
| Short | Phemex HBARUSDT | 0.09189 | 0.0100 | get 0.0100% / 8h | 6h 00m | $2.1M | $2.1M | 50x |
Kraken Futures PF_HBARUSD
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $6.45
- Price spread: −0.048% → −0.076%
- $2.82
- Slippage, 4 orders
- −$44.19
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$56.93
- Costs to cover
- 0.662%
- Break-even
- 68.8 days
Slippage from Kraken Futures: live order book, 3 min ago; Phemex: 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 | 4.89 bp | 13.5 bp −$14 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.54 bp | 23.0 bp −$23 | 37.2 bp −$372 | doesn't fit | doesn't fit |
HBAR on 27 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 | −0.0054% | 8h | 0.09188 | −0.059% | $7.1M | $7.3M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09195 | +0.018% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09193 | −0.007% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | +0.963% | $1K | $106K | 12x | as long as short |
| Gate HBAR_USDT | +0.0056% | 8h | 0.09185 | −0.092% | $2.4M | $3.0M | 75x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09197 | +0.039% | $223K | $2.1M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09198 | +0.049% | $1.0M | $187K | — | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0069% | 1h | 0.09193 | long leg | $1.4M | $2.5M | 50x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0076% | 1h | 0.09195 | +0.017% | $506K | $151K | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0078% | 8h | 0.09188 | −0.059% | $2K | $17K | 10x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Gate HBAR_USDT
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Deribit HBAR_USDC-PERPETUAL
Orderly PERP_HBAR_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC HBAR_USDT | +0.0083% | 8h | 0.09185 | −0.092% | $25.9M | $22.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0085% | 8h | 0.09184 | −0.101% | $34.1M | $104.0M | 75x | as long as short |
| Extended HBAR-USD | +0.0088% | 1h | 0.09186 | −0.082% | $47K | $273K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09183 | −0.113% | $558K | $596K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09202 | +0.092% | $8.8M | $2.6M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09189 | −0.045% | $210K | $322K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09184 | −0.103% | $32.6M | $34.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09185 | −0.092% | $6.7M | $24.1M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09184 | −0.103% | $17.0M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09186 | −0.081% | — | $6.2M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09186 | −0.081% | $32K | $120K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09210 | +0.180% | $371K | $2.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09219 | +0.278% | $147K | $711K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09189 | −0.048% | $427 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09214 | +0.224% | $70K | $66K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09189 | −0.048% | $2.1M | $2.1M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0486% / S −0.0462% | 1h | 0.09191 | −0.022% | $119K | — | 100x | as long as short |
MEXC HBAR_USDT
Binance HBARUSDT
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
GMX HBAR/USD [WBTC.b-USDC]