Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.022%
Price spread now: Deribit against KuCoin+0.010%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.010%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.056% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HBARUSDTM | 0.09525 | 0.0100 | pay 0.0100% / 8h | 7h 45m | $7.6M | $7.5M | 75x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09526 | 0 | get 0.0000% / 1h | 45m 59s | $525K | $177K | 50x |
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$21
- Price spread: +0.010% → +0.066%
- −$5.55
- Slippage, 4 orders
- −$35.12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$80.67
- Costs to cover
- 0.541%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Deribit: live order book, 53 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 KuCoin live order book, 2 min ago | 3.14 bp | 16.9 bp −$17 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 53 min ago | 5.87 bp | 9.4 bp −$9 | 14.9 bp −$149 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit HBAR_USDC-PERPETUALshort | 0.0000% | 1h | 0.09526 | +0.010% | $525K | $177K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09525 | −0.003% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.551% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0085% | 8h | 0.09518 | −0.073% | $2K | $12K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09530 | +0.052% | $225K | $2.6M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09552 | +0.283% | $574K | $600K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09562 | +0.392% | $8.9M | $3.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09560 | +0.370% | $222K | $348K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09555 | +0.314% | $35.9M | $114.1M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09555 | +0.315% | $33.3M | $37.4M | 75x | as long as short |
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Binance HBARUSDT
Bybit HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09558 | +0.346% | $6.7M | $26.7M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09551 | +0.273% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09551 | +0.273% | $26.6M | $20.2M | 200x | as long as short |
| KuCoin HBARUSDTMlong | +0.0100% | 8h | 0.09525 | long leg | $7.6M | $7.5M | 75x | |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09563 | +0.399% | $17.3M | $17.2M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09553 | +0.294% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09552 | +0.283% | $36K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09564 | +0.409% | $1.1M | $179K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09539 | +0.147% | $385K | $3.3M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09540 | +0.157% | $155K | $699K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09530 | +0.052% | $442 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09532 | +0.073% | $73K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09550 | +0.262% | $2.3M | $2.6M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09552 | +0.288% | $50K | $308K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09540 | +0.157% | $1.5M | $5.9M | 90x | as long as short |
| dYdX HBAR-USD | +0.0283% | 1h | 0.09544 | +0.198% | $31K | $11K | 5x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0284% | 1h | 0.09554 | +0.300% | $1.4M | $3.1M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0361% / S −0.0278% | 1h | 0.09523 | −0.018% | $82K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
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
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
dYdX HBAR-USD
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]