Funding you earn now, next payment 08:00 UTC+0.0179%/8h= +19.6% APRnext payment +$1.79 per $10,000 · paid last 24h +0.027%
Price spread now: Phemex against KuCoin−0.097%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.097%, 7d avg −0.001%
=Funding pays, the price is against you. Phemex is 0.095% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.001%). If the spread goes back, that is −$10 on $10k: about 43 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.089% in total) that is about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HBARUSDTM | 0.09308 | −0.0079 | get 0.0079% / 8h | 7h 31m | $7.4M | $7.8M | 75x |
| Short | Phemex HBARUSDT | 0.09299 | 0.0100 | get 0.0100% / 8h | 7h 31m | $2.2M | $2.1M | 50x |
KuCoin HBARUSDTM
Phemex HBARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $37.59
- Price spread: −0.097% → −0.001%
- −$9.55
- Slippage, 4 orders
- −$48.91
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.87
- Costs to cover
- 0.729%
- Break-even
- 15.4 days
Slippage from KuCoin: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 2.69 bp | 15.2 bp −$15 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.08 bp | 18.7 bp −$19 | 42.4 bp −$424 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTMlong | −0.0079% | 8h | 0.09308 | long leg | $7.4M | $7.8M | 75x | |
| GRVT HBAR_USDT_Perp | −0.0038% | 8h | 0.09283 | −0.269% | $378K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | −0.0017% | 1h | 0.09282 | −0.279% | $149K | $717K | 50x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09310 | +0.017% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09298 | −0.105% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.440% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09293 | −0.161% | $229K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09310 | +0.018% | $1.4M | $2.3M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0070% | 8h | 0.09311 | +0.032% | $26.2M | $22.3M | 200x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09311 | +0.031% | $51K | $327K | 10x | as long as short |
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
MEXC HBAR_USDT
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0073% | 8h | 0.09317 | +0.097% | $34.9M | $108.6M | 75x | as long as short |
| Variational Omni HBAR | +0.0075% | 8h | 0.09274 | −0.365% | $1.0M | $197K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09297 | −0.118% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09311 | +0.032% | $570K | $553K | 5x | as long as short |
| Hyperliquid HBAR | +0.0100% | 1h | 0.09327 | +0.208% | $8.9M | $2.8M | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09312 | +0.046% | $212K | $407K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09316 | +0.086% | $33.1M | $35.9M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09317 | +0.097% | $6.9M | $25.1M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09311 | +0.032% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09312 | +0.043% | $17.4M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09309 | +0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09313 | +0.054% | $34K | $105K | 15x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09303 | −0.054% | $432 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09310 | +0.021% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDTshort | +0.0100% | 8h | 0.09299 | −0.097% | $2.2M | $2.1M | 50x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0180% | 1h | 0.09310 | +0.021% | $513K | $166K | 50x | as long as short |
| BloFin HBAR-USDT | +0.0191% | 8h | 0.09287 | −0.226% | $1.5M | $5.7M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0494% / S −0.0529% | 1h | 0.09298 | −0.103% | $119K | — | 100x | as long as short |
Binance HBARUSDT
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Lighter HBAR
Hyperliquid HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
SoDEX HBAR-USD
HTX HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]