Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.010%
Price spread now: Deribit against Orderly+0.064%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.064% dearer against Orderly than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HBAR_USDC | 0.09399 | 0.0080 | pay 0.0080% / 8h | 3h 59m | $2K | $14K | 10x |
| Short | Deribit HBAR_USDC-PERPETUAL | 0.09405 | 0.0069 | get 0.0009% / 1h | 59m 20s | $518K | $186K | 50x |
Orderly PERP_HBAR_USDC
Deribit HBAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Orderly. 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
- −$2.39
- Price spread: +0.064% → 0.000%
- $6.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.01
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 59 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 59 min ago | 4.88 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09395 | −0.046% | $30K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09400 | +0.016% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −1.245% | $1K | $105K | 12x | as long as short |
| KuCoin HBARUSDTM | +0.0049% | 8h | 0.09400 | +0.011% | $7.1M | $7.3M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUALshort | +0.0069% | 1h | 0.09405 | +0.064% | $518K | $186K | 50x | |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09385 | −0.149% | $233K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDClong | +0.0080% | 8h | 0.09399 | long leg | $2K | $14K | 10x | |
| Gate HBAR_USDT | +0.0091% | 8h | 0.09398 | −0.011% | $2.4M | $2.7M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09395 | −0.043% | $567K | $599K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09405 | +0.069% | $215K | $328K | 50x | as long as short |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
KuCoin HBARUSDTM
Coinbase International HBAR-PERP-INTX
Gate HBAR_USDT
Lighter HBAR
Aster HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0100% | 8h | 0.09400 | +0.013% | $34.9M | $108.6M | 75x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09400 | +0.011% | $33.2M | $34.8M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09400 | +0.011% | $6.7M | $25.4M | 50x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09400 | +0.011% | $26.2M | $19.3M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09400 | +0.011% | $17.2M | $15.2M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09400 | +0.011% | — | $6.4M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09386 | −0.138% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09412 | +0.137% | $1.0M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09415 | +0.167% | $378K | $2.6M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09415 | +0.170% | $152K | $712K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09398 | −0.011% | $436 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09405 | +0.064% | $71K | $67K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09401 | +0.021% | $2.2M | $2.1M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09397 | −0.021% | $50K | $277K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09400 | +0.011% | $1.5M | $5.5M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0349% / S −0.0242% | 1h | 0.09400 | +0.012% | $81K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0357% | 1h | 0.09404 | +0.049% | $1.3M | $2.8M | 50x | as long as short |
| Hyperliquid HBAR | +0.0563% | 1h | 0.09418 | +0.202% | $9.5M | $3.2M | 5x | as long as short |
Binance HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDT
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
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
Hyperliquid HBAR